In This Article:
Ethereum
Ethereum rose by 0.47% on Sunday. Partially reversing a 1.83% decline from Saturday, Ethereum ended the week down by 2.10% to $3,241.42.
A mixed start to the day saw Ethereum rise to a late morning intraday high $3,275.00.
Falling short of the first major resistance level at $3,290, Ethereum eased slid to a late afternoon intraday low $3,128.82.
Ethereum fell through the first major support level at $3,186 and the second major support level at $3,144.
Finding late support, however, Ethereum moved back through the major support levels to end the day at $3,240 levels.
At the time of writing, Ethereum was up by 0.48% to $3,257.02. A mixed start to the day saw Ethereum fall to an early morning low $3,235.44 before rising to a high $3,260.71.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $3,215 pivot to bring the first major resistance level at $3,301 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $3,300 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another broad-based crypto rally, Ethereum could test the 23.6% FIB of $3,369. The second major resistance level sits at $3,361.
A fall through the $3,215 pivot would bring the first major support level at $3,155 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level at $3,069 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3,155
Pivot Level: $3,215
First Major Resistance Level: $3,301
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 3.48% on Sunday. Reversing a 2.11% loss from Saturday, Litecoin ended the week up by 0.65% to $185.97.
A mixed start to the day saw Litecoin rise to a mid-morning intraday high $189.81 before hitting reverse.
Litecoin broke through the first major resistance level at $184 and the second major resistance level at $188.
Coming up against resistance at $190, Litecoin slid to a late intraday low $178.71.
Steering clear of the 23.6% FIB of $178 and the first major support level at $176, Litecoin found support to end the day at $185 levels.
At the time of writing, Litecoin was up by 0.38% to $186.67. A mixed start to the day saw Litecoin fall to an early low $185.85 before rising to a high $186.86.
Litecoin left the major support and resistance levels untested early on.