As usual, most digital coins started the early Saturday trading session with mixed reactions. Let us see what the top options had.
Ethereum
On Friday, Ethereum surged by 2%. With such moves, the altcoin reversed the 7.45% losses from Thursday, ending the day at around $2,156.00.
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Bearish sentiments in the market saw Ethereum drop to $2,017.07 before initiating another move.
The morning price reversals had the best alternative coin falling through its first critical support zone at $2,027.
Meanwhile, Ethereum managed to rally to $2,159.43 late high in the second half of yesterday.
However, failing to break the crucial resistance at $2,232, ETH slide to end the market day at around $2,156.
While writing this, ETH lost 0.28% to trade at $2,150.04. An unpredictable morning trading period saw the altcoin rising to $2,166.60 earlier before dropping to a $2,150.04 low.
ETH did not test its major resistance and support levels early on.
To break the $2,205 first critical resistance, Ethereum has to avoid the pivot at $2,111.
Technical Indicators
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- First Crucial Support – $2,062
- Pivot Level – $2,111
- First Crucial Resistance – $2,205
- 6% Fibonacci Retracement – $3,369
- 2% Fibonacci Retracement – $2,740
- 62% Fibonacci Retracement – $1,725.
Litecoin
Yesterday, LTC shaded 0.09%. After a 5.03% drop on Thursday, Litecoin ended its day trading at $136.91.
An unpredictable start had LTC increasing to $139.00 early on Friday before a reverse.
Failing to break its $143 resistance level, Litecoin declined to $130.60 during the late morning trading hours.
Keep in mind that the coin dropped through the first crucial support at $133 before recovering slightly to $136.
While writing this report, LTC lost 0.35% to trade at $136.43. However, the asset rose to $137.34 early on the morning before a plunge to $136.43.
Early on, Litecoin did not test its critical resistance and support levels.
The altcoin has to avoid the pivot level at $136 for chances to break the resistance at $140. However, broader market support is essential for such a move.
Technical Indicators
- First Crucial Support – $132
- Pivot Level – $136
- First Critical Resistance – $140
- 6% Fibonacci Retracement – $178
- 2% Fibonacci Retracement – $223
- 62% Fibonacci Retracement – $296
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