ether

Ethereum rose 5.58% on Thursday. After a modest 0.01% gain on Wednesday, Ethereum ended the day at $ 3,184.21.

A mixed start to the day resulted in Ethereum falling to an early morning intraday low of $ 2,960.00 before making a move.

To bypass the first major support level at $ 2,933, Ethereum rose to a late intraday high of $ 3,187.48.

Ethereum broke the first major resistance level at $ 3,109 and ended the day at $ 3,180.

At the time of writing, Ethereum was up 0.70% to $ 3,206.52. A mixed start to the day resulted in Ethereum falling to an early low of $ 3,178.65 before rising to a high of $ 3,208.00.

Ethereum left key support and resistance levels untested early on.

For the next day

Ethereum would have to avoid the $ 3,111 pivot to bring into play the first major resistance level at $ 3,261.

However, for Ethereum to break back to the $ 3,250 level, support from the broader market would be required.

Aside from an extended crypto rally, the first major resistance level and resistance at $ 3,300 would likely limit any uptrend.

In the event of another large-scale crypto rally, Ethereum could test resistance at 23.6% FIB of $ 3,369. The second major resistance level is at $ 3,338.

A fall through the $ 3,111 pivot would bring the first major support level into play at $ 3,034.

However, apart from a lengthy sell-off, Ethereum should stay away from under $ 2,900. The second major level of support is at $ 2,883.

Look at the technical indicators

First major support level: $ 3,034

Pivot Level: $ 3,111

First major resistance level: $ 3,261

23.6% FIB retracement level: $ 3,369

38.2% FIB retracement level: $ 2,740

62% FIB retracement level: $ 1,725

Litecoin

Litecoin rose 5.30% on Thursday. Litecoin reversed a 1.25% decline from Wednesday, ending the day at $ 175.57.

A mixed start to the day caused Litecoin to hit an intraday low of $ 162.66 before making a move.

Litecoin hit a late intraday high of $ 175.90 and hit a late intraday high of $ 175.90.

The story goes on

Litecoin broke the first major resistance level at $ 173 and ended the day at $ 175.

At the time of writing, Litecoin was up 0.38% to $ 176.23. After a mixed start to the day, Litecoin rose to an early morning high of $ 176.69 before falling to a low of $ 174.98.

Litecoin left key support and resistance levels untested early on.

For the next day

Litecoin would have to avoid the $ 171 pivot to bring into play the 23.6% FIB of $ 178 and the first major resistance level at $ 180.

However, for Litecoin to break out of 23.6% FIB again, 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 $ 190 before pulling back. The second major resistance level is at $ 185.

A fall through the $ 171 pivot would bring the first major support level into play at $ 167.

However, apart from a lengthy sell-off, Litecoin should stay away from under $ 160. The second major level of support is at $ 158.

Look at the technical indicators

First major support level: $ 167

Pivot level: $ 171

First major resistance level: $ 180

23.6% FIB retracement level: $ 178

38.2% FIB retracement level: $ 223

62% FIB retracement level: $ 296

Ripple’s XRP

Ripple’s XRP rose 7.82% on Thursday. After rising 4.46% on Wednesday, Ripple’s XRP ended the day at $ 1.23437.

Ripple’s XRP tracked the broader market and fell to an intraday low of $ 1.09086 before making a move.

To bypass the 38.2% FIB of $ 1.0659 and the first major support level at $ 1.0657, Ripple’s XRP rebounded to a late intraday high of $ 1.23499.

Ripple’s XRP broke the first major resistance level at $ 1.2111 and ended the day at $ 1.234.

At the time of writing, Ripple’s XRP is down 0.47% to $ 1.22859. A mixed start to the day resulted in Ripple’s XRP rising to an early morning high of $ 1.23,768 before falling to a low of $ 1.22114.

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

For the next day

Ripple’s XRP must avoid falling through the $ 1.1867 pivot to bring the first major resistance level into play at $ 1.2826.

However, in order for Ripple’s XRP to break out of the $ 1.25 level, 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 another breakout, Ripple’s XRP could test resistance at $ 1.35 before pulling back. The second major resistance level is at $ 1.3309.

A fall through the $ 1.1867 pivot would bring the first major support level into play at $ 1.1385.

Aside from a lengthy sell-off, however, Ripple’s XRP should stay away from under $ 1.00. The 38.2% FIB at $ 1.0659 and the second major support level at $ 1.0426 should limit the downside.

Look at the technical indicators

First major support level: $ 1.1385

Pivot Level: $ 1.1867

First major resistance level: $ 1.2826

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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