An ETH Return to $4,000 Should Provide LTC and XRP Support

This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s. Please see the end of the article for a full video tech analysis including a look at the EMAs.

Ethereum (ETH)

Ethereum (ETH) fell by 0.91% on Sunday. Partially reversing a 2.21% gain from Saturday, Ethereum ended the week down by 5.01% to $3,926.

A mixed morning saw Ethereum rise to an early morning intraday high $4,040 before hitting reverse. Falling short of the first major resistance level at $4,051, Ethereum slid to a late intraday low $3,886.

Steering clear of the first major support level at $3,820, Ethereum revisited $3,990 levels before falling back into the red.

At the time of writing, Ethereum was down by 0.42% to $3,909. A mixed start to the day saw Ethereum rise to an early morning high $3,930 before falling to a low $3,908.

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

For the day ahead

Ethereum would need to move through the $3,951 pivot to bring the first major resistance level at $4,015 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,000 levels. Barring an extended rally, the first major resistance level and Sunday’s high $4,040 should limit the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $4,200 levels before any pullback. The second major resistance level sits at $4,104.

Failure to move through the $3,951 pivot would bring the first major support level at $3,861 into play. Barring another extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $3,738. The second major support level at $3,797 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,861

Pivot Level: $3,951

First Major Resistance Level: $4,015

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin (LTC) rose by 3.07% on Sunday. Following a 3.31% gain on Saturday, Litecoin ended the week down by 3.58% to $153.31.

A mixed start to the day saw Litecoin fall to an early morning intraday low $147.59 before making a move. Steering clear of the first major support level at $144, Litecoin rallied to a late afternoon intraday high $161.05.

Litecoin broke through the first major resistance level at $152 and the second major resistance level at $155. A late pullback, however, saw Litecoin fall back through the second major resistance level to end the day at $153 levels.

At the time of writing, Litecoin was down by 0.02% to $153.28. A bearish start to the day saw Litecoin fall from an early morning high $153.32 to a low $152.25.

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

https://finance.yahoo.com/

For the day ahead

Litecoin would need to move through the $154 pivot to bring the first major resistance level at $160 into play. Support from the broader market would be needed, however, for Litecoin to break out from $155 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $161.05 would likely cap the upside. In the event of an extended rally, Litecoin could test the second major resistance level at $167.

Failure to move through the $154 pivot would bring the first major support level at $147 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level at $141 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $147

Pivot Level: $154

First Major Resistance Level: $160

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 0.72% on Sunday. Following a 3.52% rally on Saturday, Ripple’s XRP ended the week down by 0.84% to $0.83338.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.82046 before making a move. Steering clear of the first major support level at $0.8011, Ripple’s XRP rallied to a final hour intraday high $0.84875. Ripple’s XRP broke through the first major resistance level at $0.8431 before a pullback to sub-$0.84 levels.

At the time of writing, Ripple’s XRP was down by 0.72% to $0.82740. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.83529 to a low $0.82739.

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

https://finance.yahoo.com/

For the day ahead

Ripple’s XRP would need to move back through the $0.8342 pivot to bring the first major resistance level at $0.8479 into play. Support would be needed, however, for Ripple’s XRP to break out from $0.835 levels. Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.84875 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at the 23.6% FIB of $0.8533 before any pullback. The second major resistance level sits at $0.8625.

Failure to move back through the $0.8342 pivot would bring the first major support level at $0.8196 into play. Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.80 levels. The second major support level at $0.8059 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.8196

Pivot Level: $0.8342

First Major resistance Level: $0.8479

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

This article was originally posted on FX Empire

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