editorialteam
Ethereum
Ethereum fell by 1.50% on Thursday. Reversing a 0.26% gain from Wednesday, Ethereum ended the day at $4,537.15.
A mixed start to the day saw Ethereum rise to an early morning intraday high $4,610.24 before hitting reverse.
Falling short of the first major resistance level at $4,700, Ethereum slid to a late afternoon intraday low $4,423.01.
Ethereum fell through the first major support level at $4,484 before finding support to end the day at $4,500 levels.
At the time of writing, Ethereum was down by 0.20% to $4,528.17. A mixed start to the day saw Ethereum rise to an early morning high $4,539.83 before falling to a low $4,527.81.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,524 pivot to bring the first major resistance level at $4,624 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $4,600 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at Wednesday’s ATH $4,680.98 before any pullback. The second major resistance level sits at $4,711.
A fall through the $4,524 pivot would bring the first major support level at $4,437 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,200 levels. The second major support level at $4,336 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4,437
Pivot Level: $4,524
First Major Resistance Level: $4,624
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin fell by 2.10% on Thursday. Partially reversing a 3.10% gain from Wednesday, Litecoin ended the day at $202.90.
A mixed start to the day saw Litecoin rise to an early morning intraday high $207.33 before hitting reverse.
Falling short of the first major resistance level at $212, Litecoin slid to a mid-afternoon intraday low $196.31.
Litecoin fell through the first major support level at $200 before ending the day at $202 levels.
At the time of writing, Litecoin was down by 0.25% to $202.40. A mixed start to the day saw Litecoin rise to an early morning high $202.99 before falling to a low $202.40.
Litecoin left the major support and resistance levels untested early on.
