After yesterday’s correction, crypto-assets require a revisit to their Friday peaks to avoid selling momentum today.
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Ethereum (ETH) declined by 1.14 yesterday. That way, it partially reversed Thursday’s 1.94% surge to end the day near $4,667. However, mixed actions earlier on had ETH rising to a morning peak of $4,809 before reversing.
Encountering the initial massive resistance at $4,811 saw the leading alt sliding to an intraday low of $4,508 during late afternoon sessions. The asset dropped under the initial support at $4,606 before partial recoveries had it ending the day hovering at $4,660.
While writing this article, ETH trades at $4,700 after a 0.7% increase. Bullishness in the morning had ETH climbing from an early low to a peak of $4,708.6. Meanwhile, the alt did not test its crucial resistance and support levels.
Ethereum’s Day Ahead
Ethereum has to overcome the pivot at $4,662 to touch the first resistance zone at $4,815. Broad market support is vital for the crypto to break past $4,800. Without an extended cryptocurrency rally, the initial resistance level at $4,867 would prevent upsurges.
Meanwhile, positive actions in the overall crypto space will see ETH testing the critical resistance of $5,000 before retracements can appear. The 2nd resistance stands at $4,963. Failure to keep away the pivot at $4,662 will see the cryptocurrency exploring $4,514.
Ethereum Technical Indicators
- Support level – $4,514
- Pivot level – $4,662
- Resistance level – $3,369
- 23.6% Fibonacci retracement – $3,369
- 38.2% Fibonacci retracement – $2,740
- 62% Fibonacci retracement – $1,725
Litecoin plunged by 4.22% during Friday’s sessions, reversing Thursday’s 0.82% surge to end yesterday near $251. Litecoin (LTC) climbed to a morning high of $282.9 before reversing.
LTC cracked the first crucial resistance at $274 before plunging to an afternoon low at $243.9. the price reversal has LTC breaching the first support at $251 before a revisit to $258. While writing these lines, LTC trades at $254 after a 0.92% surge. However, bullish sentiments earlier on had Litecoin climbing from the $251.2 lows towards $251.
Litecoin Day Ahead
LTC needs to overpower the pivot of $259 to test the initial obstacle at $275. Broad market backing is necessary for the alternative coin to break beyond $270. Meanwhile, Friday’s peaks of $282.9 might cancel further upsurges.
With another breakout, the crypto can retest the resistance level at $300 before retracing. The 2nd resistance locates at $298. Failure to overpower the $259 pivot will have Litecoin touching the initial massive support at $236.
Litecoin Technical Indicators
- Support level – $236
- Pivot level – $259
- Resistance level – $275
- 23.6% Fibonacci retracement – $275
- 38.2% Fibonacci retracement – $178
- 38.2% Fibonacci retracement – $223
- 62% Fibonacci retracement – $296
XRP plunged by 2.02 during Friday’s sessions to reverse 2.26 Thursday’s gains. The altcoin ended yesterday at $1.191. The unpredictable trading movement had the crypto rising to a morning intraday peak of $1.2324 before reversing.
While writing this content, Ripple’s token hovered at $1.1927 following a 0.18% surge. Bullishness at the start of the day had XRP rising from $1.1889 to $1.1942 high. XRP did not test the massive resistance and support levels.
XRP Technical Indicators
- Support level – $1.1531
- Pivot level – $1.1928
- Resistance level – $1.2302
- 23.6% Fibonacci retracement – $0.8533
- 38.2% Fibonacci retracement – $1.0659
- 62% Fibonacci retracement – $1.4096