In This Article:
Ethereum
Ethereum fell by 1.01% on Monday. Reversing a 1.06% gain from Sunday, Ethereum ended the day at $353.91
It was a bullish start to the day. Ethereum rallied to a midday intraday high $368.52 before hitting reverse.
The early rally saw Ethereum break through the first major resistance level at $364.74 and the 38.2% FIB of $367.
The reversal saw Ethereum slide to a final hour intraday low $351.88. While falling back through the 38.2% FIB and the first major resistance level, Ethereum steered clear of the major support levels.
At the time of writing, Ethereum was up by 0.25% to $354.79. A mixed start to the day saw Ethereum fall to an early morning low $351.65 before rising to a high $355.34.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $358.10 pivot to support a run at the first major resistance level at $364.33.
Support from the broader market would be needed, however, for Ethereum to break back through to $360 levels.
Barring an extended crypto rally, the first major resistance level and 38.2% FIB of $367 would likely cap any upside.
Failure to move through the $358.10 pivot would bring the first major support level at $347.69 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$340 levels. The second major support level at $341.46 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $347.69
Pivot Level: $358.10
First Major Resistance Level: $364.33
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin fell by 1.89% on Monday. Reversing a 0.04% gain from Sunday, Litecoin ended the day at $45.21.
It was also a bullish start to the day. Litecoin rallied to an early morning intraday high $47.13 before falling back.
The early rally saw Litecoin break through the first major resistance level at $46.94 before falling to a low $46.02.
Another rally in the late morning saw Litecoin break back through the first major resistance level before hitting reverse.
The reversal saw Litecoin slide to a final hour intraday low $44.80 before wrapping up the day at $45 levels.
The first major support level at $44.91 limited the downside on the day.
At the time of writing, Litecoin was up by 0.51% to $45.44. A mixed start to the day saw Litecoin fall to an early morning low $45.08 before rising to a high $45.46.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $45.71 pivot to support a run at the first major resistance level at $46.63.