In This Article:
Ethereum
Ethereum fell by 3.79% on Sunday. Partially reversing an 8.76% rally from Saturday, Ethereum ended the week up by 7.00% to $1,848.9.
A mixed start to the day saw Ethereum rise to an early morning high $1,931.97 before hitting reverse.
Falling short of the first major resistance level at $2,001, Ethereum slid to a late afternoon intraday low $1,836.61.
Steering clear of the first major support level at $1,785, Ethereum revisited $1,890 levels before ending the day at sub-$1,850.
At the time of writing, Ethereum was up by 1.13% to $1,869.81. A mixed start to the day saw Ethereum fall to an early morning low $1,840.02 before rising to a high $1,884.62.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through the pivot level at $1,873 to support a run at the first major resistance level at $1,908.
Support from the broader market would be needed, however, for Ethereum to break back through to $1,900 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $1,932.97 would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $2,000 before any pullback. The second major resistance level sits at $1,968.
Failure to move back through the $1,873 pivot would bring the first major support level at $1,813 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,800 levels. The second major support level sits at $1,777.
Looking at the Technical Indicators
First Major Support Level: $1,813
Pivot Level: $1,873
First Major Resistance Level: $1,908
23.6% FIB Retracement Level: $1,579
38.2% FIB Retracement Level: $1,292
62% FIB Retracement Level: $830
Litecoin
Litecoin slid by 5.30% on Sunday. Reversing a 2.38% gain from Saturday, Litecoin ended the week up by 12.20% to $214.11.
A mixed start to the day saw Litecoin rise to an early morning intraday high $227.94 before hitting reverse.
Falling short of the first major resistance level at $233, Litecoin slid to a final hour intraday low $214.00.
The reversal saw Litecoin fall through the first major support level at $216 to end the day at $214 levels.
At the time of writing, Litecoin was up by 0.85% to $215.94. A mixed start to the day saw Litecoin fall to an early morning low $212.42 before rising to a high $218.33.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $219 pivot level to support a run at the first major resistance level at $223.
Support from the broader market would be needed, however, for Litecoin to break back through to $220 levels.