Three Cryptos to Watch: An LTC Move Back to $150 Should Support ETH and XRP

This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s.

Ethereum (ETH)

Ethereum (ETH) fell by 2.05% on Friday. Following a 1.59% decline on Thursday, Ethereum ended the day at $3,876.

A mixed morning saw Ethereum rise to an early morning intraday high $3,995 before hitting reverse. Falling short of the first major resistance level at $4,065, Ethereum slid to an early afternoon intraday low $3,699.

The extended sell-off saw Ethereum fall through the first major support level at $3,901 and the second major support level at $3,845. Significantly, Ethereum also briefly fell through the 23.6% FIB of $3,738.

Finding support at the third major support level at $3,682, however, Ethereum revisited $3,900 levels before easing back. The first major support level at $3,901 pegged Ethereum back late in the day.

At the time of writing, Ethereum was down by 0.35% to $3,862. A mixed start to the day saw Ethereum rise to an early morning high $3,888 before falling to a low $3,862.

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

For the day ahead

Ethereum would need to avoid the $3,857 pivot to bring the first major resistance level at $4,014 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,000 levels. Barring an extended rally, the first major resistance level should limit the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $4,300 levels before any pullback. The second major resistance level sits at $4,152.

A fall through the $3,857 pivot would bring the 23.6% FIB of $3,738 and the first major support level at $3,718 into play. Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $3,561.

Looking at the Technical Indicators

First Major Support Level: $3,718

Pivot Level: $3,857

First Major Resistance Level: $4,014

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin (LTC) fell by 3.18% on Friday. Following a 3.14% loss on Thursday, Litecoin ended the day at $144.12.

A mixed start to the day saw Litecoin rise to an early morning intraday high $150.35 before hitting reverse. Falling short of the first major resistance level at $154, Litecoin slid to an early afternoon intraday low $141.27.

The extended sell-off saw Litecoin fall through the first major support level at $146 and the second major support level at $143. Finding mid-afternoon support, however, Litecoin briefly revisited $149 levels before falling back through the first major support level to end the day at sub-$145 levels.

At the time of writing, Litecoin was down by 0.40% to $143.55. A mixed start to the day saw Litecoin rise to an early morning high $144.56 before falling to a low $143.45.

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

For the day ahead

Litecoin would need to move through the $145 pivot to bring the first major resistance level at $149 into play. Support from the broader market would be needed, however, for Litecoin to break out from $145 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $150.35 would likely cap the upside. In the event of an extended rally, Litecoin could test the second major resistance level at $154.

Failure to move through the $145 pivot would bring the first major support level at $140 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level sits at $136.

Looking at the Technical Indicators

First Major Support Level: $140

Pivot Level: $145

First Major Resistance Level: $154

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 0.91% on Friday. Following a 2.62% decline on Thursday, Ripple’s XRP ended the day at $0.79698.

A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.83128 before hitting reverse. Ripple’s XRP broke through the first major resistance level at $0.8259 before sliding to an early afternoon intraday low $0.77604.

The extended sell-off saw Ripple’s XRP fall through the first major support level at $0.7942 and the second major support level at $0.7835. Finding early afternoon support, however, Ripple’s XRP revisited $0.81 levels before falling back to sub-$0.80 levels.

At the time of writing, Ripple’s XRP was down by 0.30% to $0.79458. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.79869 to a low $0.78458.

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

For the day ahead

Ripple’s XRP would need to move through the $0.8014 pivot to bring the first major resistance level at $0.8268 into play.

Support would be needed, however, for Ripple’s XRP to break out from $0.81 levels. Barring an extended crypto rally, the first major resistance level and Friday’s high $0.83128 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at the 23.6% FIB of $0.8533 before any pullback. The second major resistance level sits at $0.8567.

Failure to move through the $0.8014 pivot would bring the first major support level at $0.7716 into play. Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.75 levels. The second major support level sits at $0.7462

Looking at the Technical Indicators

First Major Support Level: $0.7716

Pivot Level: $0.8014

First Major resistance Level: $0.8268

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP