ether

Ethereum fell 4.55% on Tuesday. Ethereum reversed a 2.52% gain from Monday, ending the day at $ 3,172.52.

A mixed start to the day resulted in Ethereum rising to a mid-morning intraday high of $ 3,360.00 before entering reverse.

Ethereum fell below the 23.6% FIB of $ 3,369 and first major resistance level at $ 3,390, slipping to a late afternoon intraday low of $ 3,133.45.

Ethereum fell through the first major support level at $ 3,245 and the second major support level at $ 3,166.

However, when Ethereum found late support, it broke the second major support level and ended the day at a level of $ 3,170.

At the time of writing, Ethereum was up 0.79% to $ 3,196.46. A mixed start to the day resulted in Ethereum falling to an early morning low of $ 3,170.00 before rising to a high of $ 3,213.40.

Ethereum left key support and resistance levels untested early on.

For the next day

Ethereum would have to move through the $ 3,222 pivot to bring into play the first major resistance level at $ 3,310 and 23.6% FIB of $ 3,369.

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

Without an extended crypto rally, the 23.6% FIB from $ 3,369 would likely cap any uptrend.

In the event of a large-scale crypto rally, Ethereum could test resistance at $ 3,400. The second major resistance level is at $ 3,448.

If the $ 3,222 pivot is not broken, the first major support level at $ 3,081 would come into play.

However, apart from a lengthy sell-off, Ethereum should stay away from under $ 3,000. The second major support tier is at $ 2,995.

Look at the technical indicators

First major support level: $ 3,081

Pivot level: $ 3,222

First major resistance level: $ 3,310

23.6% FIB retracement level: $ 3,369

38.2% FIB retracement level: $ 2,740

62% FIB retracement level: $ 1,725

Litecoin

Litecoin was down 7.18% on Tuesday. After rising 0.60% on Monday, Litecoin ended the day at $ 173.54.

A mixed start to the day caused Litecoin to climb to a late morning intraday high of $ 188.68 before entering reverse.

The story goes on

Litecoin fell below the first major resistance level of $ 191 and slid to an intraday low of $ 172.15 in the late afternoon.

Litecoin fell through the first major support level at $ 183 and the second major support level at $ 179.

More importantly, Litecoin also fell through the 23.6% FIB of $ 178, ending the day at a level of $ 173.

At the time of writing, Litecoin was up 0.80% to $ 174.93. After a mixed start to the day, Litecoin fell to an early morning low of $ 173.38 before rising to a high of $ 176.44.

Litecoin left key support and resistance levels untested early on.

For the next day

Litecoin would have to move through the $ 178 pivot and the 23.6% FIB of $ 178 to bring the first major resistance level into play at $ 184.

However, for Litecoin to break back to $ 180 levels, 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 $ 195.

Failure by the $ 178 pivot and 23.6% FIB would bring the first major support level into play at $ 168.

However, apart from another lengthy sell-off, Litecoin should stay away from the second major support level at $ 162.

Look at the technical indicators

First major support level: $ 168

Pivot level: $ 178

First major resistance level: $ 184

23.6% FIB retracement level: $ 178

38.2% FIB retracement level: $ 223

62% FIB retracement level: $ 296

Ripple’s XRP

Ripple’s XRP was down 8.63% on Tuesday. Ripple’s XRP reversed a 1.47% increase from Monday to end the day at $ 1.13691.

A mixed start to the day resulted in Ripple’s XRP rising to a late morning intraday high of $ 1.26500 before reversing.

Ripple’s XRP fell below the first major resistance level of $ 1.2999 and slid to a late afternoon intraday low of $ 1.12152.

Ripple’s XRP fell through the first major support level at $ 1.1963 and the second major support level at $ 1.1463 to end the day at a level of $ 1.13.

At the time of writing, Ripple’s XRP was up 1.22% to $ 1.15,077. A mixed start to the day resulted in Ripple’s XRP dropping to an early morning low of $ 1.13489 before rising to a high of $ 1.15656.

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

For the next day

Ripple’s XRP needs to move through the $ 1.1745 pivot to bring the first major resistance level into play at $ 1.2274.

However, in order for Ripple’s XRP to break back to the $ 1.20 level, support from the broader market would be required.

Aside from an extended crypto rally, Tuesday’s first major resistance level and $ 1.2650 high would likely limit any uptrend.

In the event of another breakout, Ripple’s XRP could test the second major resistance level at $ 1.3180.

If the $ 1.1745 pivot is not broken, the first major support level at $ 1.0840 would come into play.

However, subject to another lengthy sell-off, Ripple’s XRP should avoid the second major support level at $ 1.0310. The 38.2% FIB at $ 1.0659 should limit the downside.

Look at the technical indicators

First major support level: $ 1.0840

Pivot Level: $ 1.1745

First major resistance level: $ 1.2274

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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