ether

Ethereum rose 3.21% on Friday. After gaining 5.58% on Thursday, Ethereum ended the day at $ 3,286.58.

A mixed start to the day resulted in Ethereum falling to a mid-morning intraday low of $ 3,178.65 before making a move.

To bypass the first major support level at $ 3,034, Ethereum rose to an early afternoon intraday high of $ 3,300.00.

Ethereum broke the first major resistance level at $ 3,261 and ended the day at $ 3,280.

At the time of writing, Ethereum is down 0.70% to $ 3,263.43. After a mixed start to the day, Ethereum rose to an early morning high of $ 3,288.17 before falling to a low of $ 3,258.33.

Ethereum left key support and resistance levels untested early on.

For the next day

Ethereum would have to avoid the $ 3,255 pivot to bring into play the first major resistance level at $ 3,332 and the 23.6% FIB of $ 3,369.

However, for Ethereum to break back to $ 3,300 levels, support from the broader market would be required.

Aside from an extended crypto rally, the first major resistance level and the 23.6% FIB would likely limit any uptrend.

In the event of another large-scale crypto rally, Ethereum could test resistance at $ 3,400. The second major resistance level is at $ 3,376.

A fall through the $ 3,255 pivot would bring the first major support level into play at $ 3,210.

However, apart from a lengthy sell-off, Ethereum should stay away from under $ 3,100. The second major support level at $ 3,134 should limit the downside.

Look at the technical indicators

First major level of support: $ 3,210

Pivot level: $ 3,255

First major resistance level: $ 3,332

23.6% FIB retracement level: $ 3,369

38.2% FIB retracement level: $ 2,740

62% FIB retracement level: $ 1,725

Litecoin

Litecoin rose 4.61% on Friday. After gaining 5.30% on Thursday, Litecoin ended the day at $ 183.67.

A mixed start to the day caused Litecoin to hit an intraday low of $ 174.12 late morning before making a move.

To bypass the first major support level at $ 167, Litecoin rose to a late afternoon intraday high of $ 184.00.

The story goes on

Litecoin broke the first major resistance level at $ 180 and the 23.6% FIB of $ 178 to end the day at $ 183.

At the time of writing, Litecoin is down 0.64% to $ 182.50. After a mixed start to the day, Litecoin rose to an early morning high of $ 184.20 before falling to a low of $ 182.41.

Litecoin left key support and resistance levels untested early on.

For the next day

Litecoin would have to avoid the $ 181 pivot to bring into play the first major resistance level at $ 187.

However, in order for Litecoin to break from the $ 185 mark, support from the broader market would be required.

Aside from an extended crypto rally, the first major resistance level would likely limit any uptrend.

In the event of a prolonged breakout, Litecoin could test the resistance at $ 195 before pulling back. The second major resistance level is at $ 191.

A fall through the $ 181 pivot would bring into play the 23.6% FIB of $ 178 and the first major support level at $ 177.

However, apart from a lengthy sell-off, Litecoin should stay away from under $ 170. The second major support level at $ 171 should contain the downside.

Look at the technical indicators

First major support level: $ 177

Pivot level: $ 181

First major resistance level: $ 187

23.6% FIB retracement level: $ 178

38.2% FIB retracement level: $ 223

62% FIB retracement level: $ 296

Ripple’s XRP

Ripple’s XRP rose 2.39% on Friday. After a 7.82% rally on Thursday, Ripple’s XRP ended the day at $ 1.26451.

Ripple’s XRP tracked the broader market and fell to an intraday low of $ 1,20029 this morning before making a move.

To bypass the first major support level at $ 1.1385, Ripple’s XRP rebounded to an intraday high of $ 1.28974 in the late afternoon.

Ripple’s XRP broke the first major resistance level at $ 1.2826 before falling back to $ 1.26.

At the time of writing, Ripple’s XRP is down 1.21% to $ 1.24916. A bearish start to the day caused Ripple’s XRP to drop from an early morning high of $ 1.26299 to a low of $ 1.24633.

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

For the next day

Ripple’s XRP will have to move back through the $ 1.2515 pivot to bring the first major resistance level into play at $ 1.3027.

However, support from the broader market would be required for Ripple’s XRP to break out of Friday’s high at $ 1.28974.

Aside from an extended crypto rally, the first major resistance level would likely limit any uptrend.

In the event of another breakout, Ripple’s XRP could test resistance at $ 1.35 before pulling back. The second major resistance level is at $ 1.3410.

Failure to break the pivot value of $ 1.2515 again would come into play the first major support level at $ 1.2133 ($ 1,2133).

However, subject to a lengthy sell-off, Ripple’s XRP should bypass the 38.2% FIB of $ 1.0659. The second major support level at $ 1.1621 should limit the downside.

Look at the technical indicators

First major support level: $ 1,2133

Pivot Level: $ 1.2515

First major resistance level: $ 1.3027

23.6% FIB Retracement Level: $ 0.8533

38.2% FIB Retracement Level: $ 1.0659

62% FIB Retracement Level: $ 1.4096

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

Thanks, Bob

This article was originally published on FX Empire

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