In This Article:
Ethereum
Ethereum rallied by 6.29% on Tuesday. Following a 0.76% gain on Monday, Ethereum ended the day at $4,595.01.
A bearish start to the day saw Ethereum fall to an early morning intraday low $4,287.32 before making a move.
Steering clear of the first major support level at $4,188, Ethereum rallied to a final hour intraday high and ATH $4,604.99.
Ethereum broke through the first major resistance level at $4,422 and the second major resistance level at $4,521 to end the day at $4,595 levels.
At the time of writing, Ethereum was down by 0.32% to $4,580.35. A mixed start to the day saw Ethereum rise to an early morning high $4,604.00 before falling to a low $4,577.13.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,496 pivot to bring the first major resistance level at $4,704 into play.
Support from the broader market would be needed, however, for Ethereum to break out from $4,650 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $4,900 levels before any pullback. The second major resistance level sits at $4,813.
A fall through the $4,496 pivot would bring the first major support level at $4,387 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,200 levels. The second major support level sits at $4,178.
Looking at the Technical Indicators
First Major Support Level: $4,387
Pivot Level: $4,496
First Major Resistance Level: $4,704
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 1.68% on Tuesday. Following a 2.94% gain on Monday, Litecoin ended the day at $201.03.
A mixed start to the day saw Litecoin fall to an early morning intraday low $195.24 before making a move.
Steering clear of the first major support level at $190, Litecoin rallied to a late intraday high $204.75.
Litecoin broke through the first major resistance level at $203 before easing back to end the day at $201 levels.
At the time of writing, Litecoin was up by 0.30% to $200.43. A mixed start to the day saw Litecoin rise to an early morning high $201.36 before falling to a low $200.41.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $200 pivot to bring the first major resistance level at $205 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $204.75.