Ethereum slid by 6.80% on Thursday. Reversing a 1.89% gain from Wednesday, Ethereum ended the day at $3,997.93.
A mixed start to the day saw Ethereum rise to an early morning intraday high $4,346.42 before hitting reverse.
Falling short of the first major resistance level at $4,370, Ethereum tumbled to a late intraday low $3,960.00.
The extended sell-off saw Ethereum fall through the first major support level at $4,138.
Finding support at the second major support level at $3,988, however, Ethereum ended the day at $3,990 levels.
At the time of writing, Ethereum was down by 0.39% to $3,982.37. A mixed start to the day saw Ethereum rise to an early morning high $4,025.21 before falling to a low $3,977.01.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $4,102 pivot to bring the first major resistance level at $4,243 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $4,200 levels.
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 $4,500 levels before any pullback. The second major resistance level sits at $4,488.
Failure to move through the $4,102 pivot would bring the first major support level at $3,857 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $3,738. The second major support level sits at $3,715.
Looking at the Technical Indicators
First Major Support Level: $3,857
Pivot Level: $4,102
First Major Resistance Level: $4,243
23.6% FIB Retracement Level: $3,738
38.2% FIB Retracement Level: $3,039
62% FIB Retracement Level: $1,909
Litecoin
Litecoin tumbled by 11.06% on Thursday. Following a 0.39% loss on Wednesday, Litecoin ended the day at $204.24.
A mixed start to the day saw Litecoin rise to an early morning intraday high $232.31 before hitting reverse.
Falling short of the first major resistance level at $237, Litecoin slid to a late afternoon intraday low $199.95.
The reversal saw Litecoin fall through the first major support level at $220 and the second major support level at $211.
More significantly, Litecoin also fell through the 38.2% FIB of $223 to end the day at sub-$210 levels.
At the time of writing, Litecoin was down by 1.10% to $202.00. A mixed start to the day saw Litecoin rise to an early morning high $205.47 before falling to a low $202.00.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $212 pivot to bring the 38.2% FIB of $223 and the first major resistance level at $224 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $220 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of an extended rally, Litecoin could test resistance at $230. The second major resistance level sits at $245.
Failure to move through the $212 pivot would bring the first major support level at $192 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$190 levels. The second major support level sits at $180.
Looking at the Technical Indicators
First Major Support Level: $192
Pivot Level: $212
First Major Resistance Level: $224
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP slid by 5.11% on Thursday. Reversing a 0.76% gain from Wednesday, Ripple’s XRP ended the day at $1.04046.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $1.16128 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $1.1195 and the second major resistance level at $1.1423.
The reversal, however, saw Ripple’s XRP slid to a late afternoon intraday low $1.01725.
Ripple’s XRP fell through the first major support level at $1.0663 and the 38.2% FIB of $1.0659.
The extended sell-off also saw Ripple’s XRP briefly fall through the second major support level at $1.0359 before a partial recovery to $1.04 levels.
At the time of writing, Ripple’s XRP was down by 0.50% to $1.03524. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.04586 before falling to a low $1.03090.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would need to move through the 38.2% FIB of $1.0659 and the $1.0730 pivot to bring the first major resistance level at $1.1287 into play.
Support would be needed, however, for Ripple’s XRP to break out from $1.10 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.15 levels before any pullback. The second major resistance level sits at $1.2170.
Failure to move through the 38.2% FIB and the $1.0730 pivot would bring the first major support level at $0.9847 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$0.95 levels. The second major support level sits at $0.9290.
