ether

Ethereum fell 2.59% on Thursday. Ethereum partially reversed a 7.31% rally on Wednesday, ending the day at $ 4,053.90.

A mixed start to the day resulted in Ethereum rising to a late morning intraday high of $ 4,374.95 before entering reverse.

Ethereum broke the first major resistance level at $ 4,277 before falling to an intraday low of $ 4,012.77 that afternoon.

To bypass the first major support level at $ 3,938, Ethereum hit the $ 4,130 level before subsiding again.

At the time of writing, Ethereum was up 0.51% to $ 4,074.39. A mixed start to the day resulted in Ethereum falling to an early morning low of $ 4,052.50 before rising to a high of $ 4,103.48.

Ethereum left key support and resistance levels untested early on.

For the next day

Ethereum would have to move through the $ 4,147 pivot to hit the first major resistance level at $ 4,282.

However, for Ethereum to hit the $ 4,250 level, it would require support from the broader market.

Aside from an extended crypto rally, the first major resistance level and Thursday’s high at $ 4,374.95 would likely limit the uptrend.

In the event of a large-scale crypto rally, Ethereum could test the second major resistance level at $ 4,509. However, Ethereum would need a lot of support to break out of May’s all-time high of $ 4,384.43.

If the $ 4,147 pivot is not broken, the first major support level at $ 3,920 would come into play.

However, apart from a lengthy sell-off, Ethereum should stay away from under $ 3,800. The second major level of support is at $ 3,785.

Look at the technical indicators

First major support level: $ 3,920

Pivot level: $ 4,147

First major resistance level: $ 4,282

23.6% FIB retracement level: $ 3,369

38.2% FIB retracement level: $ 2,740

62% FIB retracement level: $ 1,725

Litecoin

Litecoin was down 5.07% on Thursday. Litecoin partially reversed a 9.85% gain from Wednesday, ending the day at $ 196.81.

A bullish start to the day caused Litecoin to rebound to an early morning intraday high of $ 214.80 before turning back into reverse.

The story goes on

Litecoin fell below the first major resistance level at $ 216 and slid to an intraday low of $ 195.25 in the afternoon.

However, to bypass the first major support level at $ 192, Litecoin hit the $ 200 level again before falling again.

At the time of writing, Litecoin was up 0.10% to $ 197.0. A mixed start to the day resulted in Litecoin falling to an early morning low of $ 196.70 before rising to a high of $ 199.07.

Litecoin left key support and resistance levels untested early on.

For the next day

Litecoin would have to move through the $ 202 pivot to bring into play the first major resistance level at $ 209.

However, in order for Litecoin to break from the $ 205 mark, support from the broader market would be required.

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

In the event of another breakout, Litecoin could test resistance at 38.2% FIB of $ 223 before pulling back. The second major resistance level is at $ 222.

If the $ 202 pivot is not broken, the first major support level at $ 190 would come into play.

Aside from a lengthy sell-off, Litecoin should stay away from below $ 185 and the 23.6% FIB of $ 178. The second major level of support is at $ 183.

Look at the technical indicators

First major support level: $ 190

Pivot level: $ 202

First major resistance level: $ 209

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 5.04% on Thursday. Ripple’s XRP reversed 4.90% gain from Wednesday, ending the day at $ 1.08867.

A bumpy start to the day resulted in Ripple’s XRP rising to an early morning intraday high of $ 1.16356 before going into reverse.

Ripple’s XRP fell below the first major resistance level of $ 1.1694 and slid to a late intraday low of $ 1.08446.

The reversal caused Ripple’s XRP to drop through the first major support level at $ 1.1034 and end the day at $ 1.088.

At the time of writing, Ripple’s XRP was up 0.41% to $ 1.09315. A bullish start to the day saw Ripple’s XRP rise from an early morning low of $ 1.08918 to a high of $ 1.09779.

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

For the next day

Ripple’s XRP would have to move through the $ 1.1122 pivot to bring the first major resistance level into play at $ 1.1400.

However, in order for Ripple’s XRP to break above the $ 1.12 level, support would be required.

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

In the event of a large-scale crypto rally, Ripple’s XRP could test resistance at $ 1.20 before pulling back. The second major resistance level is at $ 1.1913.

If the $ 1.1122 pivot is not broken, the 38.2% FIB at $ 1.0659 and the first major support level at $ 1.0609 would come into play.

However, aside from another lengthy sell-off, Ripple’s XRP should avoid levels below $ 1.05. The second major level of support is at $ 1.0331.

Look at the technical indicators

First major support level: $ 1.0609

Pivot Level: $ 1.1122

First major resistance level: $ 1.1400

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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