DAILY NOTION: Ethereum, Litecoin, and Ripples XRP

Ethereum

Ethereum rallied by 8.65% on Monday. Following a 1.40% gain from Sunday, Ethereum ended the day at $609.26.

A mixed start to the day saw Ethereum fall to an early morning intraday low $550.00 before making a move.

Steering clear of the first major support level at $520.72, Ethereum rallied to a late intraday high and a new swing high of $611.43.

Ethereum would need to avoid a fall through the pivot level at $590.23 to support a run at the first major resistance level at $630.46.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $611.43.

Litecoin

Litecoin rallied by 7.51% on Monday. Reversing a 4.90% slide from Sunday, Litecoin ended the day at $89.18.

It was a mixed start to the day. Litecoin fell to an early morning intraday low $80.80 before making a move.

Steering clear of the first major support level at $77.97, Litecoin rallied to an early afternoon intraday high $90.98.

Litecoin would need to avoid a fall through the $86.99 pivot to support a run at the first major resistance level at $93.17.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $90.98.

Ripples XRP

Ripples XRP surged by 38.3% on Monday. Reversing a 3.56% fall from Sunday, Ripple’s XRP ended the day at $0.61686.

It was a mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.43266 before making a move.

While steering clear of the first major support level at $0.4011, Ripple’s XRP fell through the 38.2% FIB of $0.4392.

Ripple’s XRP will need to avoid a fall through the $0.5565 pivot level to support a run at the first major resistance level at $0.6804.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.6200.

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