In This Article:
Ethereum
Ethereum rallied by 4.30% on Sunday. Reversing a 4.56% slide from Saturday, Ethereum ended the week up by 14.54% to $454.61.
It was a mixed start to the day. Ethereum fell to an early morning intraday low $432.65 before making a move.
Steering clear of the first major support level at $416.24, Ethereum rallied to a late afternoon intraday high $460.57.
Falling short of the first major resistance level at $462.22, Ethereum fell back to sub-$450 levels before wrapping up the week at $454 levels.
At the time of writing, Ethereum was down by 0.02% to $454.51. A mixed start to the day saw Ethereum rise to an early morning high $456.20 before falling to a low $453.62
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 $449.28 to support a run at the first major resistance level at $465.90.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $460.57.
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 $480 before any pullback. The second major resistance level sits at $477.20.
Failure to avoid a fall through the $449.28 pivot would bring the first major support level at $437.98 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$430 levels. The second major support level sits at $421.36.
Looking at the Technical Indicators
First Major Support Level: $437.98
Pivot Level: $449.28
First Major Resistance Level: $465.90
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin rose by 3.43% on Sunday. Partially reversing a 6.96% slide from Saturday, Litecoin ended the week up by 9.56% to $60.99.
It was also a mixed start to the day. Litecoin fell to an early morning intraday low $58.68 before making a move.
Steering clear of the first major support level at $55.66, Litecoin rallied to a mid-afternoon intraday high $62.07.
Falling short of the first major resistance level at $63.55, Litecoin eased back to wrap up the week at sub-$61 levels.
At the time of writing, Litecoin was down by 0.13% to $60.91. A mixed start to the day saw Litecoin rise to an early morning high $61.26 before falling to a low $60.91.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $60.58 pivot to support a run at the first major resistance level at $62.48.