Ethereum

Ethereum rose by 4.99% on Monday. Following an 8.51% rally on Sunday, Ethereum ended the day at $2,083.79.

A mixed start to the day saw Ethereum fall to an early morning intraday low $1,957.24 before making a move.

Steering clear of the first major support level at $1,866, Ethereum rallied to a late intraday high $2,143.67.

Ethereum broke through the first major resistance level at $2,046 and the second major resistance level at $2,108 before easing back.

A late pullback saw Ethereum fall back through the second major resistance level to end the day at sub-$2,100 levels.

At the time of writing, Ethereum was up by 0.48% to $2,093.75. A mixed start to the day saw Ethereum fall to an early morning low $2,074.53 before rising to a high $2,103.00.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid the $2,062 pivot to bring the first major resistance level at $2,166 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $2,143.67.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a broad-based crypto rebound, Ethereum could test resistance at $2,300. The second major resistance level sits at $2,248.

A fall through the $2,062 pivot would bring the first major support level at $1,980 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,900 levels. The second major support level sits at $1,875.

Looking at the Technical Indicators

First Major Support Level: $1,980

Pivot Level: $2,062

First Major Resistance Level: $2,166

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 3.81% on Monday. Following a 4.66% gain on Sunday, Litecoin ended the day at $137.69.

After a mixed morning, Litecoin fell to an early afternoon intraday low $129.92 before making a move.

Steering clear of the first major support level at $127, Litecoin rallied to a late intraday high $139.60.

Litecoin broke through the first major resistance level at $135 and the second major resistance level at $138.

Falling short of $140 levels, however, Litecoin fell back through the second major resistance level to end the day at $137 levels.

At the time of writing, Litecoin was up by 1.22% to $139.37. A bullish start to the day saw Litecoin rise from an early morning low $137.56 to a high $139.69.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to avoid the $136 pivot to bring the first major resistance level at $142 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $145.

A fall through the $136 pivot would bring the first major support level at $132 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $126 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $132

Pivot Level: $136

First Major Resistance Level: $142

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 0.75% on Monday. Partially reversing a 5.04% gain from Sunday, Ripple’s XRP ended the day at $0.64359.

A mixed start to the day saw Ripple’s XRP fall to a mid-day intraday low $0.62491 before making a move.

Steering clear of the first major support level at $0.6127, Ripple’s XRP rose to a late afternoon intraday high $0.65680.

Falling short of the first major resistance level at $0.6678, Ripple’s XRP fell back to sub-$0.64 levels before finding support.

A late move back through to $0.64 levels limited the damage on the day.

At the time of writing, Ripple’s XRP was up by 0.59% to $0.64736. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.64237 before rising to a high $0.64736.

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

For the day ahead

Ripple’s XRP will need to avoid the $0.6418 pivot to bring the first major resistance level at $0.6586 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.65 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.65680 would likely cap any upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $0.70. The second major resistance level sits at $0.6737.

A fall through the $0.6418 pivot would bring the first major support level at $0.6267 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.6099.

Looking at the Technical Indicators

First Major Support Level: $0.6267

Pivot Level: $0.6418

First Major resistance Level: $0.6586

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 posted on FX Empire

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(Excerpt) Read more Here | 2021-06-28 22:25:02
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