In This Article:
Ethereum
Ethereum fell by 1.67% on Tuesday. Partially reversing a 4.22% gain from Monday, Ethereum ended the day at $4,731.59.
A mixed start to the day saw Ethereum rise to a mid-morning new ATH $4,842.54 before hitting reverse.
Falling short of the first major resistance level at $4,886, Etheruem fell to a late intraday low $4,714.10.
Steering clear of the first major support level at $4,677, Ethereum found support to end the day at $4,700 levels.
At the time of writing, Ethereum was up by 0.16% to $4,739.24. A bullish start to the day saw Ethereum rise from an early morning low $4,731.58 to a high $4,745.77.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $4,763 pivot to bring the first major resistance level at $4,811 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $4,800 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s ATH would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $5,000 levels before any pullback. The second major resistance level sits at $4,891.
Failure to move through the $4,763 pivot would bring the first major support level at $4,683 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,600 levels. The second major support level at $4,634 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4,683
Pivot Level: $4,763
First Major Resistance Level: $4,811
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin surged by 14.42% on Tuesday. Following a 13.29% jump on Monday, Litecoin ended the day at $262.16.
A mixed start to the day saw Litecoin fall to an early morning intraday low $226.75 before making a move.
Steering clear of the first major support level at $211, Litecoin rallied to a late intraday high $274.72.
Litecoin broke through the first major resistance level at $239 and the second major resistance level at $248.
Coming up against the third major resistance level at $275, Litecoin eased back to end the day at sub-$270 levels.
At the time of writing, Litecoin was up by 1.26% to $265.46. A mixed start to the day saw Litecoin fall to an early morning low $261.94 before rising to a high $266.08.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $256 pivot to bring the first major resistance level at $282 into play.