Ethereum rose by 0.54% on Monday. Following on from a 0.29% gain on Sunday, Ethereum ended the day at $3,949.45.
A mixed start to the day saw Ethereum fall to an early morning low $3,893.01 before making a move.
Steering clear of the first major support level at $3,775, Ethereum rallied to a late afternoon intraday high and a new swing hi $4,213.85.
Ethereum broke through the first major resistance level at $4,033 and the second major resistance level at $4,137.
Coming up short of $4,300 levels, Ethereum slid to a late intraday low $3,657.35.
Ethereum fell through the first major support level at $3,775 before briefly revisiting $4,070 levels.
The recovery saw Ethereum break back through the first major resistance level at $4,033 before easing back to sub-$4,000 levels.
At the time of writing, Ethereum was down by 0.12% to $3,944.80. A mixed start to the day saw Ethereum rise to an early morning high $3,966.93 before falling to a low $3,900.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall back through the $3,940 pivot to bring the first major resistance level at $4,223 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s new swing hi $4,213.85.
Barring an extended crypto rally, the first major resistance level and resistance at $4,300 would likely cap any upside.
In the event of another breakout, Ethereum could test resistance at $4,500 levels. The second major resistance level sits at $4,497.
Failure to avoid a fall back through the $3,940 pivot would bring the first major support level at $3,667 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,500 levels. The second major support level sits at $3,384.
Looking at the Technical Indicators
First Major Support Level: $3,667
Pivot Level: $3,940
First Major Resistance Level: $4,223
23.6% FIB Retracement Level: $3,238
38.2% FIB Retracement Level: $2,635
62% FIB Retracement Level: $1,660
Litecoin
Litecoin slid by 7.40% on Monday. Partially reversing an 11.66% rally from Sunday, Litecoin ended the day at $359.41.
A bullish start to the day saw Litecoin rise to an early morning intraday high and a new swing hi $413.91 before hitting reverse.
Litecoin broke through the first major resistance level at $407 before sliding to a late intraday low $337.84.
The extended sell-off saw Litecoin fall through the first major support level at $352 before ending the day at $359 levels.
At the time of writing, Litecoin was down by 0.42% to $357.89. A mixed start to the day saw Litecoin rise to an early morning high $360.45 before falling to a low $353.83.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $370 pivot to support a run at the first major resistance level at $403.
Support from the broader market would be needed, however, for Litecoin to break back through to $400 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s new swing hi $413.91 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $430. The second major resistance level sits at $447.
Failure to move through the $370 pivot would bring the first major support level at $327 and the 23.6% FIB of $322 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$300. The Second major support level sits at $294.
Looking at the Technical Indicators
First Major Support Level: $327
Pivot Level: $370
First Major Resistance Level: $403
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP
Ripple’s XRP slid by 9.39% on Monday. Following on from a 1.80% fall on Sunday, Ripple’s XRP ended the day at $1.39233.
A mixed start to the day saw Ripple’s XRP rise to a mid-morning intraday high $1.62821.
Ripple’s XRP broke through 23.6% FIB of $1.5426 and the first major resistance level at $1.6077 before hitting reverse.
The reversal saw Ripple’s XR tumble to a late intraday low $1.2000.
Ripple’s XRP fell through the 23.6% FIB of $1.5426, the 38.2% FIB of $1.2807, and the day’s major support levels.
Finding late support, however, Ripple’s XRP broke back through the third major support level at $1.2216 and the second major support level at $1.3740.
Ripple’s XRP also broke back through the 38.2% FIB of $1.2807 to end the day at $1.39 levels.
At the time of writing, Ripple’s XRP was flat at $1.39230. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.41009 before falling to a low $1.38569.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move back through the $1.4068 pivot to bring 23.6% FIB of $1.5426 and the first major resistance level at $1.6137 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.60 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $1.62821 would likely cap any upside.
In the event of another extended rally, Ripple’s XRP could test resistance at $1.70 levels. The second major resistance level sits at $1.8351.
Failure to move back through the $1.4068 pivot would bring the 38.2% FIB of $1.2807 and the first major support level at $1.1855 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The second major support level sits at $0.9786.
Looking at the Technical Indicators
First Major Support Level: $1.1855
Pivot Level: $1.4068
First Major resistance Level: $1.6137
23.6% FIB Retracement Level: $1.5426
38.2% FIB Retracement Level: $1.2807
62% FIB Retracement Level: $0.8573
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