In This Article:
Ethereum
Ethereum fell by 0.73% on Friday. Partially reversing a 5.93% gain from Thursday, Ethereum ended the day at $2,066.03.
A mixed start to the day saw Ethereum rise to a late morning intraday high $2,100.00 before hitting reverse.
Falling short of the first major resistance level at $2,127, Ethereum fell to a late afternoon intraday low $2,048.41.
Steering clear of the first major support level at $1,992, Ethereum found support to end the day at $2,060 levels.
At the time of writing, Ethereum was down by 0.16% to $2,062.72. A mixed start to the day saw Ethereum rise to an early morning high $2,067.66 before falling to a low $2,060.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the pivot level at $2,072 to support a run at the first major resistance level at $2,095.
Support from the broader market would be needed, however, for Ethereum to break back through to $2,090 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $2,100 would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $2,150 before any pullback. The second major resistance level sits at $2,123.
Failure to move through the $2,072 pivot would bring the first major support level at $2,043 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,000 levels. The second major support level at $2,020 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2,043
Pivot Level: $2,072
First Major Resistance Level: $2,095
23.6% FIB Retracement Level: $1,662
38.2% FIB Retracement Level: $1,360
62% FIB Retracement Level: $872
Litecoin
Litecoin fell by 2.25% on Friday. Reversing most of a 3.21% gain from Thursday, Litecoin ended the day at $221.07.
A bullish start to the day saw Litecoin rise to an early morning intraday high $228.96 before hitting reverse.
Falling short of the first major resistance level at $231, Litecoin fell to late intraday low $218.84.
Litecoin fell through the first major support level at $220 before a move back through to $221 levels.
At the time of writing, Litecoin was down by 0.19% to $220.64. A mixed start to the day saw Litecoin rise to an early morning high $221.47 before falling to a low $220.57.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $223 pivot level to support a run at the first major resistance level at $227.
Support from the broader market would be needed, however, for Litecoin to break out from $225 levels.