After Friday’s breakouts, top cryptocurrencies will have to keep away today’s pivot points to support extended upside moves in the upcoming sessions.
Ethereum
On Friday, ETH climbed by 4.01% to reverse Thursday’s 1.08% plummets. That way, the leading alt ended its day at around $3,940.06. However, unpredictable early sessions forced the asset down to explore the $3,710.59 intraday lows before moving.
The altcoin declined through its initial support at $3,728 before rising towards $4,030.35 during afternoon sessions. Such price developments had the coin overpowering Friday’s resistance before dropping to the sub-$4,000 price mark. With the pullbacks, the third resistance at $4,014 challenged Ethereum, ending its day around the $3,900 price levels.
While writing this content, ETH stood at $3,967.27 following 0.69% surges. Mixed morning sessions saw the leading ‘smart’ contract coin falling to $3,915.0 before climbing to $3,970 highs.
ETH’s Day Ahead
For now, ETH has to avoid the pivot at $3,894 to test its initial massive resistance at $4,077. Broader market support will be essential for Ethereum to overpower $4,030.35, Friday highs. Meanwhile, if the market lacks extended upside movements, the $4,100 resistance will suppress the token’s surges.
Technical Indicators
- Support – $3,757
- Pivot level – $3,894
- Resistance – $4,077
- 6% Fibonacci retracement – $3,369
- 2% Fibonacci retracement – $2,740
- 62% Fibonacci retracement – $1,725
Litecoin
On Friday, Litecoin increased by 16.25% to extend the 1.40% surges on Thursday. That way, LTC ended its day near $213.28. Meanwhile, bearishness early on the day had the alt falling to $179.87 before price moves.
Litecoin secured support at $179 to climb towards intraday highs of $218, breaking yesterday’s massive resistance to conclude the day near $213. While writing this, LTC stood at $216.13 after 1.34% gains. However, unpredictable swings had the crypto falling towards $211.52 before surging to $216.25.
LTC’s Day Ahead
Litecoin has to evade the pivot at $204 to test the initial critical resistance at $228. If the overall market supports upside moves, LTC will break above yesterday’s high at $218. Extended upside movements will see LTC testing the 2nd massive resistance at $242.
Technical Indicators
- Support – $189
- Pivot level – $204
- Resistance – $228
- 6% Fibonacci retracement – $178
- 2% Fibonacci retracement – $223
- 62% Fibonacci retracement – $296
