Ethereum rose by 1.36% on Tuesday. Partially reversing a 2.16% fall from Monday, Ethereum ended the day at $450.89.
It was a mixed start to the day. Ethereum fell to an early morning intraday low $439.36 before making a move.
Steering clear of the first major support level at $432.43, Ethereum rallied to a late morning intraday high $455.51.
Falling short of the first major resistance level at $458.60 Ethereum fell back to sub-$450 levels.
Finding support in the 2nd half of the day, Ethereum briefly revisited $455 levels before easing back to sub-$451 levels.
At the time of writing, Ethereum was down by 0.12% to $450.33. A mixed start to the day saw Ethereum rise to an early morning high $451.85 before falling to a low $450.11.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the pivot level at $448.59 to support a run at the first major resistance level at $457.81.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $455.51.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $460 before any pullback. The second major resistance level sits at $464.74.
Failure to avoid a fall through the $448.59 pivot would bring the first major support level at $441.66 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $432.44.
Looking at the Technical Indicators
First Major Support Level: $441.66
Pivot Level: $448.59
First Major Resistance Level: $457.81
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin fell by 2.23% on Tuesday. Following on from a 2.85% slide on Monday, Litecoin ended the day a $57.97.
It was also a mixed start to the day. Litecoin rose to an early morning intraday high $59.63 before hitting reverse.
Falling well short of the first major resistance level at $61.60, Litecoin fell to a mid-afternoon intraday low $57.12.
Finding support at the first major support level at $57.17, Litecoin revisited $58 levels before easing back.
At the time of writing, Litecoin was flat at $57.97. A mixed start to the day saw Litecoin rise from an early morning low $57.97 to a high $58.11.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $58.24 pivot to support a run at the first major resistance level at $59.36.
Support from the broader market would be needed, however, for Litecoin to break back through to $59 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $60 would likely cap any upside.
In the event of an extended breakout, Litecoin would likely test resistance at $61 before any pullback. The second major resistance level sits at $60.75.
Failure to move through the $58.24 pivot level would bring the first major support level at $56.85 into play.
Barring another extended sell-off on the day, however, Litecoin should steer well clear of the 23.6% FIB of $54.00. The second major support level at $55.73 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $56.85
Pivot Level: $58.24
First Major Resistance Level: $59.36
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rose by 1.41% on Tuesday. Reversing a 1.23% fall from Monday, Ripple’s XRP ended the day at $0.25409.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.24823 before making a move.
Steering clear of the first major support level at $0.2456, Ripple’s XRP rallied to a late morning intraday high $0.26462.
Ripple’s XRP broke through the first major resistance level at $0.2558 and the second major resistance level at $0.2610.
A late morning reversal, however, saw Ripple’s XRP slide back to $0.256 levels going into the afternoon.
In the 2nd half of the day, Ripple’s XRP broke back through the first major resistance level before ending the day at $0.254 levels.
At the time of writing, Ripple’s XRP was down by 0.37% to $0.25314. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.25451 before falling to a low $0.25274.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move through the $0.2556 pivot level to support a run at the first major resistance level at $0.2631.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.26 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.26462 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test the second major resistance level at $0.2720.
Failure to move through the $0.2556 pivot would bring the first major support level at $0.2467 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.24 levels. The second major support level sits at $0.2393.
Looking at the Technical Indicators
First Major Support Level: $0.2467
Pivot Level: $0.2556
First Major Resistance Level: $0.2631
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
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