In This Article:
Ethereum
Ethereum rose by 1.82% on Sunday. Following on from a 0.13% gain on Saturday, Ethereum ended the week down by 1.41% to $352.48.
A mixed start to the day saw Ethereum fall to an early morning intraday low $344.08 before making a move.
Steering clear of the first major support level at $342.86, Ethereum rose to a late intraday high $354.35.
Ethereum broke through the first major resistance level at $350.35 to wrap up the day at $352 levels. The second major resistance level at $354.52 had pinned Ethereum back late in the day.
At the time of writing, Ethereum was up by 0.53% to $354.36. A bullish start to the day saw Ethereum rise from an early morning low $352.36 to a high $356.12.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $350.30 pivot to support another run at the first major resistance level at $356.53.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $356.12.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $350.30 pivot would bring the first major support level at $346.26 into play.
Barring another extended sell-off, however, Ethereum should avoid sub-$340 levels. The second major support level at $340.03 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $346.26
Pivot Level: $350.30
First Major Resistance Level: $356.53
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin rose by 2.52% on Sunday. Following on from a 1.47% gain on Saturday, Litecoin ended the week up by 1.35% to $46.70.
It was also a mixed start to the day. Litecoin fell to an early morning intraday low $45.31 before making a move.
Steering clear of the first major support level at $44.89, Litecoin rallied to a late intraday high $47.07.
Litecoin broke through the first major resistance level at $46.12 and the second major resistance level at $46.67.
A late pullback, however, saw Litecoin fall back through the second major resistance level to end the day at $46.7 levels.
At the time of writing, Litecoin was up by 0.45% to $46.91. A bullish start to the day saw Litecoin rise from an early morning low $46.68 to a high $47.09
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $46.36 pivot to support another run at the first major resistance level at $47.41.