Ethereum
Ethereum fell 2.63% on Sunday. Going back to a 1.07% gain from Saturday, Ethereum ended the week down 26.54% to $ 1,422.02.
With a mixed start on the day Ethereum rose to an early morning high of $ 1,469.96 before hitting back.
Falling very short of the first major defensive level at $ 1,518, Ethereum fell to a mid-afternoon low of $ 1,292.76.
Expanded sales saw Ethereum fall through the first major support level at $ 1,411 and the second major support level at $ 1,256.
Seeking support at the 38.2% FIB of $ 1,292, Ethereum went back to $ 1,440 levels before rebounding.
The first major level of support limited the late-day decline.
At the time of writing, Ethereum was down 0.62% to $ 1,413.22. With a mixed start to the day, Ethereum rose early in the early morning high of $ 1,430.74 before falling to a low of $ 1,413.22.
Ethereum left the main levels of support and conflict unproven early.
For the next day
Ethereum had to avoid falling through the pivot level at $ 1,395 to support a run at the first major defensive level at $ 1,497.
Widespread market support, however, would be needed for Ethereum to break out of Sunday’s $ 1,469.96 high.
Prohibiting an extended crypto rally, the first major level of protectionism and a $ 1,500 resistance move is likely to turn it upside down.
In the event of a breach, Ethereum could test the second major level of protection at $ 1,572. The 23.6% FIB of $ 1,579 and the upside at $ 1,600 would likely turn a cap upside, however.
If you don’t avoid falling through the $ 1,395 pivot that would bring the first major support level at $ 1,320 and the 38.2% FIB of $ 1,292 to play.
Preventing other extended sales, however, Ethereum should steer clear of sub- $ 1,200 levels. The second major support level at $ 1,218 should prevent the downtrend.
Looking at the technical indicators
First Aid Level: $ 1,320
Pivot Rate: $ 1,395
First Level Resistance: $ 1,497
Retirement Rate 23.6% FIB: $ 1,579
Retra Rate 38.2% FIB: $ 1,292
Retra 62% FIB: $ 830
Litecoin
Litecoin fell 3.63% on Sunday. Going back to a 1.02% gain from Saturday, Litecoin ended the week down 27.18% to $ 165.72.
It was a mixed start to the day. Litecoin rose intraday early in the morning high of $ 173.17 before hitting back.
Falling short from the first major protection level at $ 179.25 Litecoin fell to an afternoon low of $ 153.07.
Litecoin saw sales fall through the first major support level at $ 166.00 and the second major support level at $ 160.00.
Litecoin also fell through the FIB 38.2% of $ 163.
Seeking late support, however, Litecoin broke back through the support levels and the 38.2% FIB before the day ended at $ 165 levels.
At the time of writing, Litecoin was down 0.88% to $ 164.26. With a mixed start to the day, Litecoin rose to an early morning high of $ 166.38 before falling to a low of $ 164.04.
Litecoin left the main levels of support and struggle unproven early.
For the next day
Litecoin had to avoid falling through the $ 164 pivot level to support a run at the first major protection level at $ 175.
Widespread market support, however, would be needed for Litecoin to break out from Sunday’s $ 173.17 high.
Preventing an extended crypto rally, the first major level of protection is likely to go upside down.
In the event of an extended breakout, Litecoin could test the second major protection level at $ 184.
If you don’t avoid falling through the $ 164 pivot level that would bring the 38.2% FIB of $ 163 and the first major support level at $ 155 to play.
Barring another extended sale, Litecoin should steer clear of the second major support level at $ 144.
Looking at the technical indicators
First Aid Level: $ 155
Pivot Rate: $ 164
First Level Resistance: $ 175
Retirement Rate 23.6% FIB: $ 195
Retra Rate 38.2% FIB: $ 163
Retra 62% FIB: $ 110
Ripple’s XRP
XRP at Ripple fell 4.45% on Sunday. Going back to a 1.82% gain from Saturday, XRP at Ripple ended the week down 23.57% to $ 0.41661.
When bullish started on the day Ripple ‘s XRP rose to an early morning intraday high of $ 0.43831 before hitting back.
Falling short from the first key protection level at $ 0.4541, Xipp’s at Ripple slipped to an intraday low of $ 0.3934.
Ripple’s XRP fell through the first major support level at $ 0.4231 and the second major support level at $ 0.4098.
Seeking late support, Ripple’s XRP went back to $ 0.42 levels before falling backwards. Ripple’s first major support for XRP returned back late in the day.
At the time of writing, Ripple’s XRP was down 0.74% to $ 0.41351. With a mixed start to the day, Ripple ‘s early morning XRP rose to a high of $ 0.41862 before falling to a low of $ 0.41351.
XRP at Ripple left the main levels of support and struggle unproven early.
For the next day
Ripple’s XRP needs to move back through the $ 0.4161 pivot level to introduce the first major protection level at $ 0.4388.
Support from the broader market, however, would be needed for Ripple’s XRP to break out of Sunday’s $ 0.43831 high.
Banning an extended crypto rally, the first major level of protection and resistance to $ 0.44 cap was turned upside down.
In the event of an extended rally, Ripple’s XRP could test the second major defensive level at $ 0.4610 and the 38.2% FIB of $ 0.4632.
If you don’t move back through the $ 0.4161 pivot it would give the first major support level at $ 0.3939 to play.
Preventing another extended sale, however, Ripple’s XRP should steer clear from the second major support level at $ 0.3712.
Looking at the technical indicators
First Aid Level: $ 0.3939
Pivot Rate: $ 0.4161
First major counter: $ 0.4388
Retirement Rate 23.6% FIB: $ 0.5320
Retra Rate 38.2% FIB: $ 0.4632
Retra 62% FIB: $ 0.3521
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Thanks, Bob
This article was originally posted on FX Empire