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Ethereum
Ethereum was up 9.43% on Friday. After a 3.47% rally on Thursday, Ethereum ended the day at $ 456.65.
It was a particularly bullish day. Ethereum rallied from a morning intraday low $ 415.57 to a last hour intraday high $ 458.92.
Ethereum broke through the first major resistance level at $ 426.80 and the second major resistance level at $ 436.44.
It was the first close at $ 450 since September.
At the time of writing, Ethereum was up 0.07% to $ 456.95. A mixed start to the day saw Ethereum drop to a morning low $ 455.63 before hitting a high $ 456.99.
Ethereum left the major support and resistance levels untested at the start.
For the day ahead
Ethereum should avoid a fall through the pivot level at $ 443.71 to support a run at the first major resistance level at $ 471.86.
However, support from the broader market would be needed for Ethereum to break out of Friday’s high at $ 458.92.
Barring another extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of a further breakout, Ethereum could test resistance at $ 490 before any pullback. The second major resistance level is found at $ 487.06.
Failure to avoid a fall through the pivot of $ 443.71 would bring the first major support level at $ 428.51 into play.
Barring a prolonged sell-off, however, Ethereum should avoid levels below $ 420. The second major support level is found at $ 400.36.
Looking at the technical indicators
First major support level: $ 428.51
Pivot Level: $ 443.71
First major resistance level: $ 471.86
23.6% FIB Retracement Level: $ 257
38.2% FIB Retracement Level: $ 367
62% FIB Retracement Level: $ 543
Litecoin
Litecoin was up 7.23% on Friday. After a 7.80% rise on Thursday, Litecoin ended the day at $ 63.29.
It was a bullish start to the day. Litecoin rallied from a morning intraday low $ 58.73 to a late morning high $ 63.20.
Litecoin broke through the first major resistance level at $ 60.98 and the second major resistance level at $ 62.93.
A late withdrawal saw Litecoin revert to levels below $ 60 before hitting a last-hour intraday high $ 63.74.
Litecoin broke through the first major resistance level and the second major resistance level to end the day at $ 63.
At the time of writing, Litecoin was up 1.03% to $ 63.94. A bullish start to the day saw Litecoin rise from a morning low $ 63.35 to a high $ 64.00.
Litecoin left the major support and resistance levels untested at the start.
For the day ahead
Litecoin should avoid a fall across the $ 61.92 pivot to support a run at the first major resistance level at $ 65.11.
However, broader market support would be needed for Litecoin to break out of the morning high at $ 64.00.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of another sustained breakout, Litecoin will likely test the second major resistance level at $ 66.93.
Failure to avoid a downside through the pivot level of $ 61.92 would bring the first major support level at $ 60.10 into play.
Barring an extended sell-off later in the day, however, Litecoin should avoid the second major support level at $ 56.91.
Looking at the technical indicators
First major support level: $ 60.10
Pivot Level: $ 61.92
First major resistance level: $ 65.11
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 5.12% on Friday. After a 3.17% gain on Thursday, Ripple’s XRP ended the day at $ 0.25864.
It was also a bullish start to the day. Ripple’s XRP moved from a morning intraday low $ 0.24554 to an afternoon intraday high $ 0.26194.
The rally saw Ripple’s XRP break through the first major resistance level at $ 0.2499 and the second major resistance level at $ 0.2538.
Failing to hit the third major resistance level at $ 0.2641, Ripple’s XRP is back to levels below $ 0.2510.
A last hour rally, however, saw Ripple’s XRP break through the second major resistance level to end the day at $ 0.258. The resistance at $ 0.26 held Ripple’s XRP at the end of the day.
At the time of writing, Ripple’s XRP was up by 0.72% to $ 0.26051. A bullish start to the day saw Ripple’s XRP rise from a morning low $ 0.25880 to a high $ 0.26099.
Ripple’s XRP left major support and resistance levels untested at the start.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $ 0.2554 pivot level to support a run to the first major resistance level at $ 0.2652.
However, support from the broader market would be needed for Ripple’s XRP to break out of Friday’s $ 0.26194 high.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of a sustained rally, Ripple’s XRP could test the second major resistance level at $ 0.2718 and the resistance at $ 0.28 before any pullback. The third major resistance level is found at $ 0.2882.
Failure to avoid a fall through the $ 0.2554 pivot would bring the first major support level at $ 0.2488 into play.
Barring an extension of cryptocurrency sales, Ripple’s XRP should avoid levels below $ 0.25. The second major support level is found at $ 0.2390.
Looking at the technical indicators
First major support level: $ 0.2488
Pivot Level: $ 0.2554
First major resistance level: $ 0.2652
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
