Ethereum

Ethereum fell by 0.69% on Monday. Partially reversing a 3.89% rally from Sunday, Ethereum ended the day at $586.39.

It was a mixed start to the day. Ethereum rose to an early morning intraday high $591.71 before hitting reverse.

Falling short of the first major resistance level at $602.71, Ethereum fell to a late morning intraday low $575.58.

Steering clear of the first major support level at $571.29, Ethereum briefly revisited $588 levels before easing back.

At the time of writing, Ethereum was up by 0.29% to $587.82. A mixed start to the day saw Ethereum fall to an early morning low $585.82 before rising to a high $588.16.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $584.56 to support a run at the first major resistance level at $593.54.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $591.71.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $600 before any pullback. The second major resistance level sits at $600.69.

Failure to avoid a fall through the $584.56 pivot would bring the first major support level at $577.41 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$570 levels. The second major support level sits at $568.43.

Looking at the Technical Indicators

First Major Support Level: $577.41

Pivot Level: $584.56

First Major Resistance Level: $593.54

23.6% FIB Retracement Level: $495

38.2% FIB Retracement Level: $416

62% FIB Retracement Level: $288

Litecoin

Litecoin rose by 0.19% on Monday. Following on from a 7.14% breakout from Sunday, Litecoin ended the day at $82.36.

It was also a mixed start to the day. Litecoin rose to an early morning intraday high $82.99 before hitting reverse.

Falling short of the first major resistance level at $85.82, Litecoin fell to an early afternoon intraday low $79.15.

Steering clear of the first major support level at $77.11, however, Litecoin recovered to end the day at $82.3 levels.

At the time of writing, Litecoin was up by 1.31% to $83.44. A bullish start to the day saw Litecoin rise from an early morning low $82.37 to a high $83.50.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to avoid a fall through the $81.50 pivot to support a run at the first major resistance level at $83.85.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $83.50.