Ethereum

Ethereum rallied by 2.74% on Sunday. Following on from a 0.8% gain on Saturday, Ethereum ended the week up by 1.12% to $378.58

It was a bullish end to the week. Ethereum rallied from an early morning intraday low $367.31 to a final hour intraday high $378.69.

The day-long rally saw Ethereum break through the first major resistance level at $371.51 and the second major resistance level at $374.55.

At the time of writing, Ethereum was down by 0.11% to $378.16. A mixed start to the day saw Ethereum rise to an early morning high $379.94 before falling to a low $378.01.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid a fall through the $374.86 pivot to support a run at the first major resistance level at $382.41.

Support from the broader market would be needed, however, for Ethereum to break through to $380 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a breakout, Ethereum could test the second major resistance level at $386.24 before any pullback.

Failure to avoid a fall through the $374.86 pivot would bring the first major support level at $371.03 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the 38.2% FIB of $367. The second major support level sits at $363.48.

Looking at the Technical Indicators

First Major Support Level: $371.03

Pivot Level: $374.86

First Major Resistance Level: $382.41

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin rose by 1.39% on Sunday. Partially reversing a 1.49% loss from Saturday, Litecoin ended the week down by 5.73% to $47.58.

It was a relatively bullish start to the day. Litecoin rise from an early morning intraday low $46.81 to an early afternoon intraday high $47.98.

The morning rally saw Litecoin break through the first major resistance level at $47.62 before easing back.

Litecoin fell back to a 2^nd half low $47.27 before wrapping up the day at $47.5 levels.

At the time of writing, Litecoin was down by 0.23% to $47.47. A mixed start to the day saw Litecoin rise to an early morning high $47.67 before falling to a low $47.47.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to avoid a fall through the $47.46 pivot to support a run at the first major resistance level at $48.10.

Support from the broader market would be needed, however, for Litecoin to break back through to $48 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $47.98 would likely cap any upside.