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Ethereum
Ethereum rallied 8.65% on Monday. After a 1.40% gain since Sunday, Ethereum ended the day at $ 609.26.
A mixed start to the day saw Ethereum drop to a morning intraday low of $ 550.00 before making a move.
Avoiding the first major support level at $ 520.72, Ethereum rallied to an end-of-day intraday high and a new swing high $ 611.43.
Ethereum broke through the first major resistance level at $ 591.36 to test the resistance at $ 610 before falling back.
At the end of the day, Ethereum dipped back below $ 605 before ending the day at $ 609 levels.
At the time of writing, Ethereum was down by 0.49% to $ 606.27. A mixed start to the day saw Ethereum rise to a morning high of $ 610.00 before falling to a low of $ 604.23.
Ethereum left the major support and resistance levels untested in the beginning.
For the day ahead
Ethereum should avoid a fall through the pivot level at $ 590.23 to support a run at the first major resistance level at $ 630.46.
However, support from the broader market would be needed for Ethereum to break out of Monday’s high of $ 611.43.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of another breakout, Ethereum could test resistance at $ 650 before any pullback. The second major resistance level is found at $ 651.66.
Failure to avoid a fall through the $ 590.23 pivot would bring the first major support level at $ 569.03 into play.
Barring an extended sell-off, however, Ethereum should avoid the levels below $ 550. The second major support level is found at $ 528.80.
Looking at the technical indicators
First major support level: $ 569.03
Pivot Level: $ 590.23
First major resistance level: $ 630.46
23.6% FIB Retracement Level: $ 486
38.2% FIB Retracement Level: $ 409
62% FIB Retracement Level: $ 283
Litecoin
Litecoin was up 7.51% on Monday. Reversing Sunday’s 4.90% decline, Litecoin ended the day at $ 89.18.
It was a mixed start to the day. Litecoin fell to a morning intraday low $ 80.80 before moving on.
Avoiding the first major support level at $ 77.97, Litecoin hit an afternoon intraday high $ 90.98.
Litecoin broke through the first major resistance level at $ 87.97 before reverting to $ 85.
Finding support at the end of the day, however, Litecoin returned to $ 89 levels to reverse Sunday’s losses for interest.
At the time of writing, Litecoin was down 0.83% to $ 88.44. A mixed start to the day saw Litecoin rise to a morning high $ 89.50 before falling to a low $ 88.13.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin should avoid a fall through the $ 86.99 pivot to support a run at the first major resistance level at $ 93.17.
However, support from the broader market would be needed for Litecoin to break out of Monday’s high of $ 90.98.
Barring another extended cryptocurrency rally, the first major resistance level and Monday’s high would likely limit any upside.
In the event of another sustained breakout, Litecoin will likely test the second major resistance level at $ 97.17. However, the 62% FIB of $ 100 could limit any upside.
Failure to avoid a fall through the $ 86.99 pivot level would bring the first major support level at $ 82.99 into play.
Barring a prolonged sell-off later in the day, however, Litecoin should avoid levels below $ 80. The second major support level sits at $ 76.81
Looking at the technical indicators
First major support level: $ 82.99
Pivot Level: $ 86.99
First major resistance level: $ 93.17
23.6% FIB Retracement Level: $ 45.30
38.2% FIB Retracement Level: $ 71
62% FIB Retracement Level: $ 100
Ripple’s XRP
Ripple’s XRP was up 38.3% on Monday. Reversing the 3.56% decline from Sunday, Ripple’s XRP ended the day at $ 0.61686.
It was a mixed start to the day. Ripple’s XRP fell to a morning intraday low $ 0.43266 before moving on.
While moving away from the first major support level at $ 0.4011, Ripple’s XRP fell through the 38.2% FIB of $ 0.4392.
Finding support in the late morning, Ripple’s XRP jumped to an intraday high $ 0.6200.
Ripple’s XRP broke the first major resistance level at $ 0.4951 and the second major resistance level at $ 0.5436. More significantly, Ripple’s XRP also surpassed 38.2% FIB.
Despite a late pullback, Ripple’s XRP avoided below $ 0.61 and the second major resistance level.
At the time of writing, Ripple’s XRP was down 1.24% to $ 0.60920. A mixed start to the day saw Ripple’s XRP rise to a morning high $ 0.62387 before falling to a low of $ 0.60500.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $ 0.5565 pivot level to support a run to the first major resistance level at $ 0.6804.
However, broader market support would be needed for Ripple’s XRP to break out of Monday’s $ 0.6200 high.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of another prolonged rally, Ripple’s XRP could test the resistance at $ 0.75 before any pullback. The second major resistance level is found at $ 0.7438.
Failure to avoid a fall through the $ 0.5565 pivot would bring the first major support level at $ 0.4930 and 38.2% FIB into play.
Barring an extensive cryptocurrency sell-off, Ripple’s XRP should avoid levels below $ 0.40. The second major support level is $ 0.3692.
Looking at the technical indicators
First major support level: $ 0.4930
Pivot Level: $ 0.5565
First major resistance level: $ 0.6804
23.6% FIB Retracement Level: $ 0.3638
38.2% FIB retracement level: $ 0.4800
62% FIB Retracement Level: $ 0.6678
Let us know what you think in the comments below.
Thanks, Bob
This article was originally published on FX Empire
