Ethereum fell by 0.94% on Friday. Following on from a 2.02% decline on Thursday, Ethereum ended the day at $730.99.
Another mixed start to the day saw Ethereum rise to an early morning high $750.00 before hitting reverse.
Falling short of the first major resistance level at $754.38, Ethereum slid to an early evening intraday low $717.10.
Ethereum fell through the first major support level at $722.48 before briefly revisiting $732 levels.
A bearish end to the day, however, saw Ethereum ease back to end the day at sub-$731 levels.
At the time of writing, Ethereum was down by 0.58% to $726.73. A mixed start to the day saw Ethereum rise to an early morning high $732.00 before falling to a low $726.33.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the pivot level at $732.70 to support a run at the first major resistance level at $748.29.
Support from the broader market would be needed, however, for Ethereum to break out from $745 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $750.00 would likely cap any upside.
In the event of another extended crypto rally, Ethereum could test resistance at $770 before any pullback. The second major resistance level sits at $765.6.
Failure to move through the $732.70 pivot would bring the first major support level at $715.39 into play.
Barring an extended sell-off, however, Ethereum should steer well clear of sub-$700 levels. The second major support level sits at $699.80.
Looking at the Technical Indicators
First Major Support Level: $715.39
Pivot Level: $732.70
First Major Resistance Level: $748.29
23.6% FIB Retracement Level: $599
38.2% FIB Retracement Level: $500
62% FIB Retracement Level: $340
Litecoin
Litecoin rose by 1.70% on Friday. Partially reversing a 4.37% slide from Thursday, Litecoin ended the day at $126.53.
It was a mixed start to the day. Litecoin fell to an early morning intraday low $123.19 before making a move.
Steering clear of the first major support level at $120.82, Litecoin surged to an early morning intraday high $134.22 before hitting reverse.
Litecoin broke through the first major resistance level at $129.17 and the second major resistance level at $133.94.
The reversal saw Litecoin slide back to sub-$124 levels and into the red.
Finding late support, however, Litecoin recovered to wrap up the day at $126 levels.
At the time of writing, Litecoin was down by 0.90% to $125.39. A bearish start to the day saw Litecoin fall from an early morning high $126.59 to a low $125.15.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $127.98 pivot level to support a run at the first major resistance level at $132.77.
Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $134.22 would likely cap any upside.
In the event of another extended breakout, Litecoin could test resistance at $140 before any pullback. The second major resistance level sits at $139.01.
Failure to move through the $127.98 pivot level would bring the first major support level at $121.74 into play before any recovery.
Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $116.95.
Looking at the Technical Indicators
First Major Support Level: $121.74
Pivot Level: $127.98
First Major Resistance Level: $132.77
23.6% FIB Retracement Level: $112
38.2% FIB Retracement Level: $96
62% FIB Retracement Level: $69
Ripple’s XRP
Ripple’s XRP rallied by 8.23% on Friday. Following on from a 3.82% gain on Thursday, Ripple’s XRP ended the day at $0.23804. It was just the 2nd daily gain in 8-days.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.21601 before finding support.
Steering clear of the first major support level at $0.2067, Ripple’s XRP rallied to a late afternoon intraday high $0.25092.
Ripple’s XRP broke through the first major resistance level at $0.2308 and the second major resistance level at $0.2421.
Coming up against resistance at $0.25, Ripple’s XRP fell back through the major resistance levels to sub-$0.23 levels.
Finding late support, however, Ripple’s XRP broke back through the first major resistance level to wrap up the day at $0.238 levels.
At the time of writing, Ripple’s XRP was down by 0.51% to $0.23682. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.23814 to a low $0.23486.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid a fall back through the $0.2350 pivot level to bring the first major resistance level at $0.2540 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.25 levels.
Barring another extended crypto rally, the first major resistance would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.28 before any pullback. The second major resistance sits at $0.2699.
Failure to avoid a fall back through the $0.2350 pivot would bring the first major support level at $0.2191 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid sub-$0.21 levels. The second major support level sits at $0.2001.
Looking at the Technical Indicators
First Major Support Level: $0.2191
Pivot Level: $0.2350
First Major Resistance Level: $0.2540
23.6% FIB Retracement Level: $0.6274
38.2% FIB Retracement Level: $0.5285
62% FIB Retracement Level: $0.3687
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