Ethereum slid by 12.52% on Tuesday. Following a modest 0.58% gain on Monday, Ethereum ended the day at $3,436.96.
A mixed start to the day saw Ethereum rise to an early morning intraday high $3,948.00 before hitting reverse.
Falling short of the first major resistance level at $3,979, Ethereum tumbled to a mid-afternoon intraday low $3,009.00.
Ethereum fell through the day’s major support levels and the 23.6% FIB of $3,368.
Finding late support, however, Ethereum briefly broke back through the 23.6% FIB to end the day at sub-$3,430 levels.
At the time of writing, Ethereum was down by 1.12% to $3,398.46. A mixed start to the day saw Ethereum rise to an early morning high $3,452.31 before falling to a low $3,379.46.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $3,466 pivot to bring the first major resistance level at $3,920 into play.
Support from the broader market would be needed, however, for Ethereum to break out from $3,600 levels.
Barring an extended crypto rally, resistance at $3,600 would likely leave Ethereum short of the first major resistance level.
In the event of a broad-based crypto rebound, Ethereum could test resistance at $4,000 before any pullback. The second major resistance level sits at $4,404.
Failure to move through the $3,465 pivot would bring the first major support level at $2,981 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level sits at $2,526.
Looking at the Technical Indicators
First Major Support Level: $2,981
Pivot Level: $3,465
First Major Resistance Level: $3,920
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin tumbled by 18.73% on Tuesday. Following a 5.52% fall on Monday, Litecoin ended the day at $178.36.
A mixed start to the day saw Litecoin rise to an early morning intraday high $222.04 before hitting reverse.
Falling short of the 38.2% FIB of $223 and the first major resistance level at $230, Litecoin tumbled to a mid-afternoon intraday low $161.00.
Litecoin fell through the day’s major support levels and the 23.6% FIB of $178 before ending the day at $178 levels.
At the time of writing, Litecoin was down by 0.67% to $177.17. A mixed start to the day saw Litecoin rise to an early morning high $178.98 before falling to a low $174.80.
While leaving the major support and resistance levels untested early on, Litecoin fell through the 23.6% FIB of $178.
For the day ahead
Litecoin would need to move through 23.6% FIB and the $187 pivot to bring the first major resistance level at $213 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $200 levels.
Barring an extended crypto rally, resistance at $200 would likely leave Litecoin short of the first major resistance level.
In the event of broad-based crypto rebound, Litecoin could test the 38.2% FIB of $223. The second major resistance level sits at $248.
Failure to move through 23.6% FIB of $178 and the $187 pivot would bring the first major support level at $152 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$160 levels. The second major support level sits at $126.
Looking at the Technical Indicators
First Major Support Level: $152
Pivot Level: $187
First Major Resistance Level: $213
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP tumbled by 19.26% on Tuesday. Reversing a 6.18% gain from Monday, Ripple’s XRP ended the day at $1.12345.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.39243 before hitting reverse.
Falling short of the 62% FIB of $1.4096 and the first major resistance level at $1.4356, Ripple’s XRP slumped to a mid-afternoon intraday low $0.91000.
The sell-off saw Ripple’s XRP fall through the day’s major support levels.
Ripple’s XRP also fell through the 38.2% FIB of $1.0659 before ending the day at $1.12 levels.
At the time of writing, Ripple’s XRP was down by 0.50% to $1.11784. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.13203 before falling to a low $1.10093.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would need to move through the $1.1420 pivot to bring first major resistance level at $1.3739 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.20 levels
Barring an extended crypto rally, resistance at $1.20 would likely leave Ripple’s XRP short of the first major resistance level.
In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at the 62% FIB of $1.4069 before any pullback. The second major resistance level sits at $1.6244.
Failure to move through the $1.1420 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $0.8915 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.90 levels. The second major support level sits at $0.6595.
Looking at the Technical Indicators
First Major Support Level: $0.8915
Pivot Level: $1.1420
First Major resistance Level: $1.3739
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
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