In This Article:
Ethereum
Ethereum rallied by 5.29% on Thursday. Following a 1.59% gain on Wednesday, Ethereum ended the down by 12.53% to $3,000.46.
A mixed start to the day saw Ethereum fall to an early morning intraday low $2,836.21 before making a move.
Steering clear of the first major support level at $2,771, Ethereum rallied to a late afternoon intraday high $3,048.58.
Ethereum broke through the first major resistance level at $2,940 and the second major resistance level at $3,030.
A late pullback, however, saw Ethereum fall back through the second major resistance level to sub-$3,000 before ending the day at $3,000 levels.
At the time of writing, Ethereum was up by 0.98% to $3,030.00. A mixed start to the day saw Ethereum fall to an early morning low $2,998.49 before rising to a high $3,030.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $2,962 pivot to bring the first major resistance level at $3,087 into play.
Support from the broader market would be needed, however, for Ethereum to break out from $3,050 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $3,100 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $3,300 before any pullback. The second major resistance level sits at $3,174.
A fall through the $2,962 pivot would bring the first major support level at $2,875 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $2,749 and the 38.2% FIB of $2,740.
Looking at the Technical Indicators
First Major Support Level: $2,875
Pivot Level: $2,962
First Major Resistance Level: $3,087
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rallied by 5.90% on Thursday. Following a 3.01% rise on Wednesday, Litecoin ended the month down by 10.65% to $153.30.
A mixed start to the day saw Litecoin fall to an early morning intraday low $143.90 before making a move.
Steering clear of the first major support level at $140, Litecoin rallied to an early afternoon intraday high $154.49.
Litecoin broke through the first major resistance level at $150 to end the day at $153 levels.
At the time of writing, Litecoin was up by 0.39% to $153.90. A mixed start to the day saw Litecoin fall to an early morning low $152.66 before rising to a high $153.98.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $151 pivot to bring the first major resistance level at $157 into play.