Ethereum

Ethereum rallied by 3.79% on Tuesday. Partially reversing a 5.46% slide from Monday, Ethereum ended the day at $1,367.98.

A bullish start to the day saw Ethereum rally to an early morning intraday high $1,378.12 before hitting reverse.

Falling short of the first major resistance level at $1,432, Ethereum fell to an early afternoon intraday low $1,245.00.

Finding support at the first major support level at $1,249, Ethereum struck a late high $1,375.28 before easing back.

At the time of writing, Ethereum was down by 0.90% to $1,355.65. A mixed start to the day saw Ethereum rise to an early morning high $1,375.91 before falling to a low $1,351.80.

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 $1,330 to support a run at the first major resistance level at $1,416.

Support from the broader market would be needed, however, for Ethereum to break back through to $1,400 levels.

Barring an extended crypto rally, resistance at $1,400 and the first major resistance level would likely cap any upside.

In the event of another extended crypto rally, Ethereum could test the second major resistance level at $1,464 and resistance at the swing hi $1,477.30.

Failure to avoid a fall through the $1,330 pivot would bring the first major support level at $1,283 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,200 levels. The second major support level sits at $1,197.

Looking at the Technical Indicators

First Major Support Level: $1,283

Pivot Level: $1,330

First Major Resistance Level: $1,416

23.6% FIB Retracement Level: $1,148

38.2% FIB Retracement Level: $944

62% FIB Retracement Level: $614

Litecoin

Litecoin fell by 1.66% on Tuesday. Following on from a 2.86% slide on Monday, Litecoin ended the day at $134.79.

A mixed start to the day saw Litecoin rise to an early morning intraday high $139.79 before hitting reverse.

Falling short of the first major resistance level at $144.34, Litecoin slid to an early afternoon intraday low $128.41.

Litecoin fell through the first major support level at $133.27 and the second major support level at $129.41.

Finding support late in the day, Litecoin briefly revisited $136 levels before easing back.

At the time of writing, Litecoin was down by 0.88% to $133.60. A mixed start to the day saw Litecoin rise to an early morning high $135.13 before falling to a low $133.48.

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

https://finance.yahoo.com/

For the day ahead

Litecoin would need to move back through the $134.33 pivot level to support a run at the first major resistance level at $140.25.

Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.

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

In the event of an extended breakout, Litecoin could test resistance the second major resistance level at $145.71 and the 23.6% FIB of $148.

Failure to move back through the $134.33 pivot level would bring first major support level at $128.87 into play.

Barring another extended sell-off, Litecoin should steer clear of the second major support level at $122.95. The 38.2% FIB of $125 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $128.87

Pivot Level: $134.33

First Major Resistance Level: $140.25

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rose by 0.43% on Tuesday. Partially reversing a 2.13% fall from Monday, Ripple’s XRP ended the day at $0.26866.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.27104 before hitting reverse.

Falling short of the first major resistance level at $0.2796, Ripple’s XRP slid to an early afternoon intraday low $0.25814.

The sell-off saw Ripple’s XRP fall through the first major support level at $0.2612.

Steering clear of the second major support level at $0.2548, Ripple’s XRP moved back through to $0.269 levels before easing back.

The recovery saw Ripple’s XRP break back through the first major support level to end the day in the green.

At the time of writing, Ripple’s XRP was down by 0.60% to $0.26706. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.26870 before falling to a low $0.26706.

Ripple’s XRP left the major support and resistance levels untested early on.

https://finance.yahoo.com/

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2659 pivot level to bring the first major resistance level at $0.2738 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.27104.

Barring an extended crypto rally, the first major resistance and resistance at $0.2750 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $0.28 before any pullback. The second major resistance sits at $0.2788.

Failure to avoid a fall through the $0.2659 pivot would bring the first major support level at $0.2609 into play.

Barring an extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2530.

Looking at the Technical Indicators

First Major Support Level: $0.2609

Pivot Level: $0.2659

First Major Resistance Level: $0.2738

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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