In This Article:
Ethereum
Ethereum rose by 2.48% on Thursday. Following a 11.31% rally on Wednesday, Ethereum ended the day at $3,154.62.
A mixed start to the day saw Ethereum fall to an early morning low $3,035.83 before making a move.
Steering clear of the first major support level at $2,848, Ethereum rose to a late afternoon intraday high $3,182.34.
Falling short of the first major resistance level at $3,200, however, Ethereum eased back to end the day at $3,150 levels.
At the time of writing, Ethereum was up by 0.11% to $3,158.16. A mixed start to the day saw Ethereum fall to an early morning low $3,146.08 before rising to a high $3,159.43.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $3,124 pivot to bring the first major resistance level at $3,213 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $3,182.34.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at the 23.6% FIB of $3,369 before any pullback. The second major resistance level sits at $3,271.
A fall through the $3,124 pivot would bring the first major support level at $3,066 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level sits at $2,978.
Looking at the Technical Indicators
First Major Support Level: $3,066
Pivot Level: $3,124
First Major Resistance Level: $3,213
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 1.53% on Thursday. Following an 8.69% gain on Wednesday, Litecoin ended the day at $163.92.
A mixed start to the day saw Litecoin fall to a late morning intraday low $157.26 before making a move.
Steering clear of the first major support level at $151, Litecoin rallied to a late afternoon intraday high $165.00.
Falling short of the first major resistance level at $167, however, Litecoin eased back to end the day at $163 levels.
At the time of writing, Litecoin was up by 1.27% to $166.00. A bullish start to the day saw Litecoin rise from an early morning low $163.82 to a high $166.21.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $162 pivot to bring the first major resistance level at $167 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $166 levels.