In This Article:
Ethereum
Ethereum rallied by 4.88% on Sunday. Following a 1.35% gain on Saturday, Ethereum ended the week up by 0.83% to $4,298.
After mixed morning, Ethereum slid through the first major support level at $4,024 to a late afternoon intraday high $3,950.
Finding support at the second major support level at $3,950, Ethereum rallied to a late intraday high $4,303.35.
Ethereum broke through the first major resistance level at $4,180 and the second major resistance level at $4,261 to end the day at $4,290 levels.
At the time of writing, Ethereum was up by 1.21% to $4,350.27. A mixed start to the day saw Ethereum fall to an early morning low $4,286.05 before rising to a high $4,358.25.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,184 pivot to bring the first major resistance level at $4,418 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $4,400 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 $4,600 levels before any pullback. The second major resistance level sits at $4,537.
A fall through the $4,184 pivot would bring the first major support level at $4,065 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $3,831.
Looking at the Technical Indicators
First Major Support Level: $4,065
Pivot Level: $4,184
First Major Resistance Level: $4,418
23.6% FIB Retracement Level: $3,738
38.2% FIB Retracement Level: $3,039
62% FIB Retracement Level: $1,909
Litecoin
Litecoin rose by 2.25% on Sunday. Reversing a 0.20% decline from Saturday, Litecoin ended the week down by 9.86% to $199.6.
Tracking the broader market, Litecoin fell to a late afternoon intraday low $182.0 before making a move.
The extended sell-off saw Litecoin fall through the first major support level at $190 and the second major support level at $186.
Finding late support, however, Litecoin rallied to a late intraday high $200.1.
Coming within range of the first major resistance level at $201, Litecoin eased back to end the day at sub-200 levels.
At the time of writing, Litecoin was up by 0.65% to $200.94. A mixed start to the day saw Litecoin fall to an early morning low $198.61 before rising to a high $201.76.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $194 pivot to bring the first major resistance level at $206 into play.