Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 21st, 2021

Ethereum

Ethereum rose by 0.67% on Wednesday. Following an 8.70% rally from Tuesday, Ethereum ended the day at $1,376.88.

A mixed start to the day saw Ethereum rise to an early morning intraday high $1,408.50 before hitting reverse.

Falling well short of the first major resistance level at $1,455, Ethereum slid to a mid-day intraday low $1,234.01.

Ethereum fell through the first major support level at $1,267 before a late recovery to $1,376 levels.

At the time of writing, Ethereum was down by 0.36% to $1,371.99. A mixed start to the day saw Ethereum rise to an early morning high $1,390.00 before falling to a low $1,364.08.

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

ETHUSD 210121 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $1,340 to support a run at the first major resistance level at $1,446.

Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s high $1,408.50.

Barring an extended crypto rally, Wednesday’s high and the first major resistance level would likely cap any upside.

In the event of another extended crypto rally, Ethereum could test resistance at $1,600 before any pullback. The second major resistance level sits at $1,514.

Failure to avoid a fall through the $1,340 pivot would bring the first major support level at $1,271 into play.

Barring another extended sell-off, however, Ethereum should continue to steer clear of sub-$1,200 levels. The second major support level sits at $1,165.

Looking at the Technical Indicators

First Major Support Level: $1,271

Pivot Level: $1,340

First Major Resistance Level: $1,446

23.6% FIB Retracement Level: $1,119

38.2% FIB Retracement Level: $921

62% FIB Retracement Level: $600

Litecoin

Litecoin fell by 1.40% on Wednesday. Reversing a 0.06% decline from Tuesday, Litecoin ended the day at $149.77.

A mixed start to the day saw Litecoin rise to an early morning intraday high $156.30 before hitting reverse.

Falling short of the first major resistance level at $162.02, Litecoin slid to a late afternoon intraday low $138.53.

Litecoin fell through the first major support level at $145.98 and the second major support level at $140.05.

More significantly, Litecoin also fell through the 23.6% FIB of $148 before finding support.

Steering clear of sub-$130 levels, Litecoin revisited $150 levels late in the day before easing back.

The partial recovery saw Litecoin break back through the major support levels and the 23.6% FIB of $148.

At the time of writing, Litecoin was down by 0.43% to $149.12. A mixed start to the day saw Litecoin rise to an early morning high $150.35 before falling to a low $148.61.

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

LTCUSD 210121 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $148.20 pivot level and the 23.6% FIB of $148 to support a run at the first major resistance level at $157.87.

Support from the broader market would be needed, however, for Litecoin to break out from $155 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $170. The second major resistance level sits at $165.97.

Failure to avoid a fall through the $148.20 pivot level and the 23.6% FIB of $148 would bring the first major support level at $140.10 into play.

Barring another extended sell-off, Litecoin should steer clear of the second major support level at $130.43.

Looking at the Technical Indicators

First Major Support Level: $140.10

Pivot Level: $148.20

First Major Resistance Level: $157.87

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rose by 0.40% on Wednesday. Following a 2.87% gain from Tuesday, Ripple’s XRP ended the day at $0.29534.

A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.28235 before making a move.

Steering clear of the major support levels, Ripple’s XRP jumped to a mid-morning intraday high $0.31200.

Falling well short of the first major resistance level at $0.3212, Ripple’s XRP slid to a late morning intraday low $0.28021.

Steering clear of the first major support level at $0.2757, Ripple’s XRP moved back through to $0.295 levels and into the green.

At the time of writing, Ripple’s XRP up by 0.09% to $0.29560. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.29715 before falling to a low $0.29499.

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

XRPUSD 210121 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the $0.2959 pivot level to bring the first major resistance level at $0.3115 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.30 levels.

Barring an extended crypto rally, the first major resistance and Wednesday’s high $0.31200 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $0.33 levels. The second major resistance sits at $0.3276. Ripple’s XRP would need support to breakout from the 23.6% FIB of $0.3172, however.

Failure to move through the $0.2959 pivot would bring the first major support level at $0.2797 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.27 levels. The second major support level sits at $0.2641.

Looking at the Technical Indicators

First Major Support Level: $0.2797

Pivot Level: $0.2959

First Major Resistance Level: $0.3115

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – January 20th, 2021

Bitcoin, BTC to USD, fell by 2.17% on Tuesday. Reversing a 2.22% gain from Monday, Bitcoin ended the day at $35,890.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $37,450.0 before hitting reverse.

Falling short of the first major resistance level at $37,889, Bitcoin slid to a mid-morning low $36,299.0.

Steering clear of the first major support level at $35,176, however, Bitcoin rallied to a late afternoon intraday high $37,936.6.

Continuing to fall short of the first major resistance level at $37,889 Bitcoin slid to a final hour intraday low $35,863.0.

In spite of the late sell-off, Bitcoin continued to steer clear of the first major support level at $35,176.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day on Tuesday.

Binance Coin and Chainlink slid by 6.05% and by 6.79% respectively to lead the way down.

Cardano’s ADA (-1.04%) also saw red on the day.

It was a bullish start to the week for the rest of the majors, however.

Ethereum rallied by 8.70% to lead the way.

Crypto.com Coin (+5.12%), and Ripple’s XRP (+2.87%) also found strong support.

Bitcoin Cash SV (+0.10%), Litecoin (+0.06%) and Polkadot (+0.92%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $958.80bn before rising to a Tuesday high $1,080.72bn. At the time of writing, the total market cap stood at $1,029.91bn.

Bitcoin’s dominance rose to a Monday high 67.47% before falling to a Tuesday low 65.20%. At the time of writing, Bitcoin’s dominance stood at 65.65%.

This Morning

At the time of writing, Bitcoin was up by 1.14% to $36,298.6. A mixed start to the day saw Bitcoin fall to an early morning low $35,602.0 before rising to a high $36,353.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.33%) and Chainlink (-1.85%) saw red to buck the trend early on, with Bitcoin Cash SV flat.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 4.04% to lead the way.

BTCUSD 200121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $36,563 to bring the first major resistance level at $37,263 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring an extended crypto rally, first major resistance level and Tuesday’s high $37,936.6 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,637.

Failure to avoid a fall through the $36,563 pivot would bring the first major support level at $35,190 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,490.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 20th, 2021

Ethereum

Ethereum rallied by 8.70% on Tuesday. Following on from a 2.10% gain on Monday, Ethereum ended the day at $1,368.04.

A mixed start to the day saw Ethereum fall to an early morning intraday low $1,252.01 before making a move.

Steering clear of the first major support level at $1,207, Ethereum rallied to a mid-day intraday high and a new swing hi $1,440.00.

Ethereum broke through the day’s major resistance levels before a pullback to sub-$1,330 levels.

The pullback saw Ethereum fall back through the third major resistance level at $1,392.

Steering clear of the second major resistance level at $1,313, Ethereum revisited $1,400 levels before ending the day at sub-$1,370 levels.

At the time of writing, Ethereum was up by 1.34% to $1,386.34. A mixed start to the day saw Ethereum fall to an early morning low $1,356.16 before striking a high $1,397.24.

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

ETHUSD 200121 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $1,353 to support a run at the first major resistance level at $1,455.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $1,440.00.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended crypto rally, Ethereum could test resistance at $1,600 before any pullback. The second major resistance level sits at $1,541.

Failure to avoid a fall through the $1,353 pivot would bring the first major support level at $1,267 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,200 levels. The second major support level sits at $1,165.

Looking at the Technical Indicators

First Major Support Level: $1,267

Pivot Level: $1,353

First Major Resistance Level: $1,455

23.6% FIB Retracement Level: $1,119

38.2% FIB Retracement Level: $921

62% FIB Retracement Level: $600

Litecoin

Litecoin rose by 0.06% on Tuesday. Following on from a 6.39% gain on Monday, Litecoin ended the day at $151.90.

A mixed start to the day saw Litecoin fall to an early morning intraday low $150.17 before making a move.

Steering clear of the first major support level at $141.77, Litecoin surged to a late morning intraday high $166.21.

Litecoin broke through the first major resistance level at $158.50 and the second major resistance level at $165.11.

More significantly, Litecoin broke back through the 23.6% FIB of $148.

A bearish second half of the day, however, saw Litecoin fall back through the resistance levels to end the day at sub-$152 levels.

At the time of writing, Litecoin was up by 1.13% to $153.61. A mixed start to the day saw Litecoin fall to an early morning low $149.68 before striking a high $154.14.

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

LTCUSD 200121 Hourly Chart

For the day ahead

Litecoin would need to move through the $156.09 pivot level to support a run at the first major resistance level at $162.02.

Support from the broader market would be needed, however, for Litecoin to break back through to $160 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $166.21 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $180. The second major resistance level sits at $172.13.

Failure to move through the $156.09 pivot level would bring 23.6% FIB of $148 and the first major support level at $145.98 into play.

Barring an extended sell-off, Litecoin should steer clear of the second major support level at $140.05.

Looking at the Technical Indicators

First Major Support Level: $145.98

Pivot Level: $156.09

First Major Resistance Level: $162.02

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rose by 2.87% on Tuesday. Following on from a 2.77% gain on Monday, Ripple’s XRP ended the day at $0.29424.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.28415 before making a move.

Steering clear of the first major support level at $0.2751, Ripple’s XRP jumped to a mid-morning intraday high $0.32960.

Ripple’s XRP broke through the day’s major resistance levels and the 23.6% FIB of $0.3172.

It was bearish through the remainder of the day, however.

Ripple’s XRP fell back through the third major resistance level at $0.3157 and the second major resistance level at $0.2988.

More significantly, Ripple’s XRP also fell back through the 23.6% FIB of $0.3172.

Finding support at the first major resistance level at $0.2921, however, Ripple’s XRP wrapped up the day at $0.294 levels.

At the time of writing, Ripple’s XRP was up by 0.12% to $0.29460. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.29044 before rising to a high $0.29494.

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

XRPUSD 200121 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.3027 pivot level to bring the first major resistance level at $0.3212 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through the 23.6% FIB of $0.3172.

Barring an extended crypto rally, the first major resistance and Tuesday’s high $0.3296 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $0.35 levels. The second major resistance sits at $0.3481.

Failure to move through the $0.3027 pivot would bring the first major support level at $0.2757 into play.

Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.27 levels. The second major support level sits at $0.2572.

Looking at the Technical Indicators

First Major Support Level: $0.2757

Pivot Level: $0.3027

First Major Resistance Level: $0.3212

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 19th, 2021

Ethereum

Ethereum rose 2.10% on Monday. Following on from a 0.43% gain on Sunday, Ethereum ended the day at $1,258.48.

A mixed start to the day saw Ethereum rise to an early morning high $1,247.22 before hitting reverse.

Falling short of the first major resistance level at $1,279, Ethereum slid to an early morning intraday low $1,181.90.

Steering clear of the first major support level at $1,176, Ethereum rallied to a late intraday high $1,261.00.

Falling short of the first major resistance level at $1,279, Ethereum eased back on to end the day at sub-$1,260 levels.

At the time of writing, Ethereum was up by 0.30% to $1,262.22. A bullish start to the day saw Ethereum rise from an early morning low $1,258.54 to a high $1,274.30.

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

ETHUSD 190121 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $1,234 to support a run at the first major resistance level at $1,286.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $1,261.00.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $1,350 before any pullback. The second major resistance level sits at $1,313.

Failure to avoid a fall through the $1,234 pivot would bring the first major support level at $1,207 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$1,100 levels. The second major support level at $1,155 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,207

Pivot Level: $1,234

First Major Resistance Level: $1,286

23.6% FIB Retracement Level: $1,051

38.2% FIB Retracement Level: $866

62% FIB Retracement Level: $566

Litecoin

Litecoin rallied by 6.39% on Monday. Reversing a 0.54% decline from Sunday, Litecoin ended the day at $151.88.

A mixed start to the day saw Litecoin rise to an early morning high $144.52 before hitting reverse.

Falling short of the first major resistance level at $147.77, Litecoin slid to an early morning intraday low $138.27.

Steering clear of the first major support level at $138.27, Litecoin surged to an early afternoon intraday high $155.00.

Litecoin broke through the first major resistance level at $147.77 and the second major resistance level at $152.74.

More significantly, Litecoin also broke through the 23.6% FIB of $148.

Through the late afternoon, Litecoin fell back to through the resistance levels and the 23.6% FIB to revisit $145 levels. In spite of the pullback, Litecoin avoided a fall back into the red.

Finding late support, Litecoin broke back through the first and second major resistance level and the 23.6% FIB to revisit $153 levels.

A late pullback, however, saw Litecoin fall back through the second major resistance level to end the day at sub-$152 levels.

At the time of writing, Litecoin was up by 0.05% to $151.95. A mixed start to the day saw Litecoin rise to an early morning high $153.17 before falling to a low $151.61.

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

LTCUSD 190121 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $148.38 pivot level and the 23.6% FIB of $148 to support a run at the first major resistance level at $158.50.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $155.00.

Barring an extended crypto rally, the first major resistance level and resistance at $160 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $170. The second major resistance level sits at $165.11.

Failure to avoid a fall through the $148.38 pivot level and the 23.6% FIB would bring the first major support level at $141.77 into play.

Barring another extended sell-off, Litecoin should steer clear of the second major support level at $131.65.

Looking at the Technical Indicators

First Major Support Level: $141.77

Pivot Level: $148.38

First Major Resistance Level: $158.50

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rose by 2.77% on Monday. Reversing a 0.68% decline from Sunday, Ripple’s XRP ended the day at $0.28536.

Tracking the broader market, Ripple’s XRP rose to an early morning high $0.27864 before hitting reverse.

Falling short of the first major resistance level at $0.2857, Ripple’s XRP slid to an early morning intraday low $0.27158.

Steering clear of the first major support level at $0.2687, Ripple’s XRP rallied to a mid-day intraday high $0.28852.

Ripple’s XRP broke through the first major resistance level at $0.2857 before falling back to sub-$0.28 levels.

Finding late support, however, Ripple’s XRP moved back through to $0.285 levels to deliver the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.13% to $0.28500. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.28736 before falling to a low $0.28500.

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

XRPUSD 190121 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2818 pivot level to bring the first major resistance level at $0.2921 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break through to $0.29 levels.

Barring another extended crypto rally, the first major resistance would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $0.30 levels. The second major resistance sits at $0.2988.

Failure to avoid a fall through the $0.2818 pivot would bring the first major support level at $0.2751 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.27 levels. The second major support level sits at $0.2649.

Looking at the Technical Indicators

First Major Support Level: $0.2751

Pivot Level: $0.2818

First Major Resistance Level: $0.2921

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – January 18th, 2021

Bitcoin, BTC to USD, slipped by 0.38% on Sunday. Following on from a 1.91% fall on Saturday, Bitcoin ended the week down by 6.02% to $35,900.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $36,928.0 before hitting reverse.

Falling short of the first major resistance level at $37,553, Bitcoin slid to a late morning intraday low $33,868.0.

Bitcoin fell through the first major support level at $34,974 and the second major support level at $33,906.

Steering clear of the 23.6% FIB of $33,008, Bitcoin revisited $36,900 levels before falling back to sub-$36,000 levels.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day on Sunday.

Chainlink jumped by 15.8% to lead the way, with Binance Coin  and Cardano’s ADA rallying by 6.38% and by 8.64% respectively. Ethereum also avoided the red, rising by a modest 0.43%.

It was a bearish day for the rest of the pack.

Bitcoin Cash SV and Polkadot led the way down, with losses of 3.42% and 4.67% respectively.

Crypto.com Coin (-0.63%), Litecoin (-0.54%), and Ripple’s XRP (-0.68%) saw modest losses on the day.

For the week ending 17th January, it was also a mixed bag for the majors.

Polkadot surged by 95.6% to lead the way, with Chainlink jumping by 46.2%.

Cardano’s ADA also found strong support, rallying by 26.3%, with Binance Coin rising by 7.99%.

It was a bearish week for the rest of the pack, however.

Bitcoin Cash SV slid by 21.9% to lead the way down.

Litecoin and Ripple’s XRP also struggled, sliding by 16.1% and by 12.0% respectively.

Crypto.com Coin and Ethereum saw relatively modest losses of 2.7% and 1.8% respectively.

In the week, the crypto total market cap fell to a Monday low $803.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,002.00bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Sunday low 66.33%. At the time of writing, Bitcoin’s dominance stood at 66.68%.

This Morning

At the time of writing, Bitcoin was up by 0.33% to $36,018.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,630.0 before striking a high $36,071.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.28%), Chainlink (-0.21%), and Ripple’s XRP (-0.03%) saw red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Cardano’s ADA was up by 3.08% to lead the way, with Binance Coin up by 2.07%.

BTCUSD 180121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $35,565 to bring the first major resistance level at $37,263 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $37,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,625.

Failure to avoid a fall through the $35,565 pivot would bring the first major support level at $34,203 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of the second major support level at $32,505. The 23.6% FIB of $33,008 should limit any downside.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 18th, 2021

Ethereum

Ethereum rose by 0.43% on Sunday. Following on from a 4.97% rally on Saturday, Ethereum ended the week down by 1.76% to $1.232.99.

A mixed start to the day saw Ethereum rise to an early morning high $1,256.74 before hitting reverse.

Falling short of the first major resistance level at $1,297, Ethereum slid to a late morning intraday low $1,165.78.

Steering clear of the first major support level at $1,155, Ethereum rallied to a late intraday high $1,268.83.

Continuing to fall short of the major resistance levels, Ethereum eased back to end the week at $1,230 levels.

At the time of writing, Ethereum was up by 0.69% to $1,241.47. A mixed start to the day saw Ethereum fall to an early morning low $1,226.38 before striking a high $1,241.88.

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

ETHUSD 180121 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $1,223 to support a run at the first major resistance level at $1,279.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $1,268.83.

Barring an extended crypto rally, the first major resistance level and resistance $1,300 would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $1,400 before any pullback. The second major resistance level sits at $1,326.

Failure to avoid a fall through the $1,223 pivot would bring the first major support level at $1,176 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $1,051. The second major support level at $1,120 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,176

Pivot Level: $1,223

First Major Resistance Level: $1,279

23.6% FIB Retracement Level: $1,051

38.2% FIB Retracement Level: $866

62% FIB Retracement Level: $566

Litecoin

Litecoin fell by 0.54% on Sunday. Following on from a 0.36% decline from Saturday, Litecoin ended the week down by 16.11% to $142.80.

A mixed start to the day saw Litecoin rise to an early morning intraday high $147.00 before hitting reverse.

Falling short of the 23.6% FIB of $148 and the first major resistance level at $151.03, Litecoin slid to a late morning intraday low $136.29.

Litecoin fell through the first major support level at $137.61 before a brief revisit to $145 levels.

A bearish end to the day, however, saw Litecoin fall back to sub-$143 levels and into the red.

At the time of writing, Litecoin was up by 0.23% to $143.13. A mixed start to the day saw Litecoin fall to an early morning low $142.04 before rising to a high $143.35.

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

LTCUSD 180121 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $142.0 pivot level to support a run at the first major resistance level at $147.8 and the 23.6% FIB of $148.

Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $147.00.

Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $160. The second major resistance level at $152.74.

Failure to avoid a fall through the $142.0 pivot level would bring the first major support level at $137.1 into play.

Barring another extended sell-off, Litecoin should avoid the 38.2% FIB of $125. The second major support level at $131.3 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $137.1

Pivot Level: $142.0

First Major Resistance Level: $147.8

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP fell by 0.68% on Sunday. Following on from a 0.36 % decline on Saturday, Ripple’s XRP ended the week down by 11.96% to $0.27732.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.28552 before hitting reverse.

Falling short of the first major resistance level at $0.2921, Ripple’s XRP slid to a late morning intraday low $0.26854.

Ripple’s XRP fell through the first major support level at $0.2706 before finding support.

Late in the day, Ripple’s XRP broke back through the first major support level to revisit $0.28 levels before easing back.

At the time of writing, Ripple’s XRP was up by 0.20% to $0.27788. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.27603 before rising to a high $0.27864.

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

XRPUSD 180121 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the $0.2771 pivot level to bring the first major resistance level at $0.2857 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2850 levels.

Barring another extended crypto rally, the first major resistance and Sunday’s high $0.28552 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $0.30 levels. The second major resistance sits at $0.2941.

Failure to avoid a fall back through the $0.2771 pivot would bring the first major support level at $0.2687 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.26 levels. The second major support level at $0.2601 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.2687

Pivot Level: $0.2771

First Major Resistance Level: $0.2857

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – January 17th, 2021

Bitcoin, BTC to USD, fell by 1.91% on Saturday. Following on from a 6.15% slide on Friday, Bitcoin ended the day at $36,041.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $35,551.0 before making a move.

Steering clear of the major support levels, Bitcoin rose to a late morning intraday high $37,997.0.

Falling short of the first major resistance level at $39,461, Bitcoin slid to a late intraday low $35,418.0.

Steering clear of the first major support level at $34,260, Bitcoin moved back through to $36,000 levels to reduce the deficit on the day.

The near-term bullish trend remained intact, in spite of the latest reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day on Saturday.

Polkadot surged by 39.53% to lead the way.

Cardano’s ADA (+16.05%) and Crypto.com Coin (+15.91%) also found strong support.

Binance Coin (+5.28%) and Ethereum (+4.97%) trailed the front runners.

It was a bearish day for the rest of the pack.

Chainlink slid by -3.24% to lead the way down.

Bitcoin Cash SV (-0.21%), Litecoin (-0.17%), and Ripple’s XRP (-0.36%) saw modest losses on the day.

In the current week, the crypto total market cap fell to a Monday low $804.97bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,004.03bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Saturday low 66.73%. At the time of writing, Bitcoin’s dominance stood at 67.26%.

This Morning

At the time of writing, Bitcoin was up by 0.47% to $36,211.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,565.0 before striking a high $36,348.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-2.05%), Crypto.com Coin (+2.27%), Ethereum (-0.19%), and Polkadot (-0.52%) struggled early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Cardano’s ADA was up by 2.87% to lead the way, with Binance Coin up by 2.22%.

BTCUSD 170121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $36,485 to bring the first major resistance level at $37,553 into play.

Support from the broader market would be needed for Bitcoin to break back through to $37,000 levels.

Barring an extended crypto rally, first major resistance level and Saturday’s high $37,997.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $39,064.

Failure to move through the $36,485 pivot would bring the first major support level at $34,974 into play.

Barring an extended crypto sell-off, Bitcoin should continue to steer clear of the second major support level at $33,906 and the 23.6% FIB of $33,008.

The Crypto Daily – Movers and Shakers – January 16th, 2021

Bitcoin, BTC to USD, slid by 6.15% on Friday. Reversing a 4.73% rally from Thursday, Bitcoin ended the day at $36,741.0.

It was a mixed start to the day. Bitcoin rise to an early morning intraday high $39,701.0 before hitting reverse.

Falling short of the first major resistance level at $40,536, Bitcoin slid to a late afternoon intraday low $34,500.0.

Bitcoin fell through the first major support level at $37,201 and the second major support level at $35,266.

Finding support late in the day, however, Bitcoin broke back through the second major support level to end the day at $36,700 levels.

The near-term bullish trend remained intact, in spite of the reversal. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Chainlink bucked the trend on the day, rallying by 15.7%.

It was a bearish day for the rest of the pack.

Bitcoin Cash SV and Crypto.com Coin slid by 7.11% and by 7.93% respectively to lead the way down.

Ethereum (-5.16%), Litecoin (-5.74%), and Ripple’s XRP (-5.30%) also saw heavy losses.

Binance Coin (-2.18%),Cardano’s ADA (-3.13%), and Polkadot (-3.15%) saw relatively modest losses on the day.

In the current week losses, the crypto total market cap fell to a Monday low $804.33bn before rising to a Thursday high $1,083.27bn. At the time of writing, the total market cap stood at $1,011.91bn.

Bitcoin’s dominance rose to a Thursday high 70.28% before falling to a Friday low 68.27%. At the time of writing, Bitcoin’s dominance stood at 68.47%.

This Morning

At the time of writing, Bitcoin was up by 1.27% to $37,207.0. A bullish start to the day saw Bitcoin rise from an early morning low $36,731.0 to a high $37,388.0.

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

Elsewhere, it was also a bullish start to the day.

At the time of writing, Polkadot was up by 12.43% to lead the way, with Crypto.com Coin up by 7.74%.

BTCUSD 160121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $36,981 to bring the first major resistance level at $39,461 into play.

Support from the broader market would be needed for Bitcoin to break back through to $39,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $40,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the all-time high $41,969 and at $42,000 before any pullback. The second major resistance level sits at $42,182.

Failure to avoid a fall through the $36,981 pivot would bring the first major support level at $34,260 into play.

Barring an extended crypto sell-off, Bitcoin should continue to steer clear of the second major support level at $31,780. The 23.6% FIB of $33,008 should limit the downside.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 16th, 2021

Ethereum

Ethereum slid by 5.16% on Friday. Partially reversing an 8.89% rally from Thursday, Ethereum ended the day at $1,168.1.

A bullish start to the day saw Ethereum rise to an early morning intraday high $1,255.59 before hitting reverse.

Falling short of the first major resistance level at $1,290, Ethereum slid to a late afternoon intraday low $1,065.0.

The reversal saw Ethereum fall through the first major support level at $1,130, briefly revisiting $1,175 levels.

At the time of writing, Ethereum was up by 2.01% to $1,191.62. A mixed start to the day saw Ethereum fall to an early morning low $1,168.29 before rising to a high $1,195.51.

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

ETHUSD 160121 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $1,163 to support a run at the first major resistance level at $1,261.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $1,255.59.

Barring an extended crypto rally, the first major resistance level and resistance $1,300 would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $1,400 before any pullback. The second major resistance level sits at $1,354.

Failure to avoid a fall through the $1,163 pivot would bring the first major support level at $1,070 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $972.31. The 23.6% FIB of $1,051 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,070

Pivot Level: $1,163

First Major Resistance Level: $1,261

23.6% FIB Retracement Level: $1,051

38.2% FIB Retracement Level: $866

62% FIB Retracement Level: $566

Litecoin

Litecoin slid by 5.74% on Friday. Reversing a 3.27% gain from Thursday, Litecoin ended the day at $143.63.

A mixed start to the day saw Litecoin rise to an early morning intraday high $155.30 before hitting reverse.

Falling short of the first major resistance level at $158.4, Litecoin slid to a late afternoon intraday low $130.29.

Litecoin fell through the first major support level at $144.9 and the second major support level at $137.4.

Steering clear of the 38.2% FIB of $125, Litecoin broke back through the second major support level to end the day at $143 levels.

The first major support level at $144.9 pinned Litecoin back late in the day.

At the time of writing, Litecoin was up by 1.23% to $145.39. A mixed start to the day saw Litecoin fall to an early morning low $143.54 before rising to a high $145.75.

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

LTCUSD 160121 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $143.1 pivot level to support a run at the 23.6% FIB of $148 and the first major resistance level at $155.9.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $155.30.

Barring an extended crypto rally, the first major resistance level and resistance at $160 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $170. The second major resistance level at $168.1.

Failure to avoid a fall through the $143.1 pivot level would bring the first major support level at $138.9 into play.

Barring another extended sell-off, Litecoin should avoid the second major support level at $118.1. The 23.6% FIB of $125 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $130.9

Pivot Level: $143.1

First Major Resistance Level: $155.9

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP slid by 5.30% on Friday. Following on from a 3.29% decline on Thursday, Ripple’s XRP ended the day at $0.28058.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.30323 before hitting reverse.

Falling short of the first major resistance level at $0.3088, Ripple’s XRP slid to a late afternoon intraday low $0.26186.

Ripple’s XRP fell through the first major support level at $0.2830 and the second major support level at $0.2702.

Finding late support, Ripple’s XRP broke back through the second major support level to end the day at $0.28 levels.

At the time of writing, Ripple’s XRP was up by 0.23% to $0.28123. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.27926 before rising to a high $0.28188.

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

XRPUSD 160121 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.2819 pivot level to bring the first major resistance level at $0.3019 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.30 levels.

Barring another extended crypto rally, the first major resistance and Friday’s high $0.30323 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at the 23.6% FIB of $0.3172 and resistance at $0.32 levels. The second major resistance sits at $0.3233.

Failure to move through the $0.2819 pivot would bring the first major support level at $0.2606 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2405.

Looking at the Technical Indicators

First Major Support Level: $0.2606

Pivot Level: $0.2819

First Major Resistance Level: $0.3019

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – January 15th, 2021

Bitcoin, BTC to USD, rose by 4.73% on Thursday. Following on from a 9.54% rally on Wednesday, Bitcoin ended the day at $39,136.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $36,666.0 before making a move.

Steering clear of the first major support level at $33,937, Bitcoin rallied to an early afternoon intraday high $40,001.0.

Bitcoin broke through the first major resistance level at $39,277 to test resistance at $40,000 before easing back.

A late pullback saw Bitcoin fall back through the first major resistance level to wrap up the day at $39,130 levels.

The near-term bullish trend remained intact, supported by the latest visit to $40,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Cardano’s ADA (-0.11%), and Ripple’s XRP (-3.29%) saw red to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Polkadot surged by 26.43% to lead the way once more, with Chainlink (+12.48%) and Crypto.com Coin (+11.04%) also on the move.

Binance Coin (+4.28%), Bitcoin Cash SV (+4.17%), Ethereum (+8.89%), and Litecoin (+3.27%) trailed the front runners, however.

In the current week, the crypto total market cap fell to a Monday low $804.33bn before rising to a Thursday high $1,083.43bn. At the time of writing, the total market cap stood at $1,055.94bn.

Bitcoin’s dominance rose from a Monday low 68.39% to a Thursday high 70.28%. At the time of writing, Bitcoin’s dominance stood at 69.36%.

This Morning

At the time of writing, Bitcoin was up by 0.88% to $39,481.0. A mixed start to the day saw Bitcoin fall to an early morning low $39,025.0 before rising to a high $39,701.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA and Polkadot were down by 0.21% and by 1.69% to buck the trend early on.

It was a bullish start to the day for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 2.82% to lead the way.

BTCUSD 150121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $38,601 to bring the first major resistance level at $40,536 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring an extended crypto rally, first major resistance level and resistance at $41,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the all-time high $41,969 before any pullback. The second major resistance level sits at $41,936.

Failure to avoid a fall through the $38,601 pivot would bring the first major support level at $37,201 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$36,000 levels. The second major support level sits at $35,266.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 15th, 2021

Ethereum

Ethereum rallied by 8.89% on Thursday. Following on from a 7.65% rise on Wednesday, Ethereum ended the day at $1,231.32.

A bearish start to the day saw Ethereum fall to an early morning intraday low $1,087.05 before making a move.

Steering clear of the 23.6% FIB of 1,051 and the first major support level at $1,028, Ethereum rallied to a late afternoon intraday high $1,246.99.

Ethereum broke through the first major resistance level at $1,186 to wrap up the day at $1,230 levels.

The second major resistance level at $1,241 pinned Ethereum back on the day.

At the time of writing, Ethereum was up by 1.58% to $1,250.74. A mixed start to the day saw Ethereum fall to an early morning low $1,224.18 before rising to a high $1,251.68.

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

ETHUSD 150121 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $1,189 to support a run at the first major resistance level at $1,290.

Support from the broader market would be needed, however, for Ethereum to break out from $1,260 levels.

Barring an extended crypto rally, the first major resistance level and resistance $1,300 would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $1,350 before any pullback. The second major resistance level sits at $1,348.

Failure to avoid a fall through the $1,189 pivot would bring the first major support level at $1,130 into play.

Barring an extended sell-off, however, Ethereum should steer clear of 23.6% FIB of $1,051 and the second major support level at $1,029.

Looking at the Technical Indicators

First Major Support Level: $1,130

Pivot Level: $1,189

First Major Resistance Level: $1,290

23.6% FIB Retracement Level: $1,051

38.2% FIB Retracement Level: $866

62% FIB Retracement Level: $566

Litecoin

Litecoin rose by 3.27% on Thursday. Following on from a 10.61% jump on Wednesday, Litecoin ended the day at $152.38.

A mixed start to the day saw Litecoin fall to an early morning intraday low $143.40 before making a move.

Steering clear of the first major support level at $132.7, Litecoin rallied to a late afternoon intraday high $156.87.

Litecoin broke through the 23.6% FIB of $148 and the first major resistance level at $155.3 before easing back.

A late pullback saw Litecoin fall back through the first major resistance level and the 23.6% FIB to $145 levels.

Finding late support, however, Litecoin moved back through the 23.6% FIB to end the day at $152 levels.

At the time of writing, Litecoin was up by 1.28% to $154.33. A mixed start to the day saw Litecoin fall to an early morning low $151.63 before rising to a high $154.50.

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

LTCUSD 150121 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $150.9 pivot level to support a run at the first major resistance level at $158.4.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $156.87.

Barring an extended crypto rally, the first major resistance level and resistance at $160 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $170. The second major resistance level at $164.4.

Failure to avoid a fall through the $150.9 pivot level would bring the 23.6% FIB and the first major support level at $144.9 into play.

Barring an extended sell-off, Litecoin should avoid sub-$140 levels. The second major support level sits at $137.4.

Looking at the Technical Indicators

First Major Support Level: $144.9

Pivot Level: $150.9

First Major Resistance Level: $158.4

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP fell by 3.29% on Thursday. Partially reversing a 4.54% rally from Wednesday, Ripple’s XRP ended the day at $0.29573.

It was a mixed start to the day. Ripple’s XRP rose to an early morning intraday high $0.30906 before hitting reverse.

Falling short of the first major resistance level at $0.3157, Ripple’s XRP slid to an early morning intraday low $0.28325.

Ripple’s XRP fell through the first major support level at $0.2899 before striking an afternoon high $0.30480.

Continuing to fall short of $0.31 levels, however, Ripple’s XRP slipped back to end the day at $0.295 levels.

At the time of writing, Ripple’s XRP was up by 0.43% to $0.2970. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.29557 before rising to a high $0.29809.

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

XRPUSD 150121 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the $0.2960 pivot level to bring the first major resistance level at $0.3088 and the 23.6% FIB of $0.3172 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.30 levels.

Barring another extended crypto rally, the first major resistance and Thursday’s high $0.30906 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $0.33 before any pullback. The second major resistance sits at $0.3218.

Failure to avoid a fall back through the $0.2960 pivot would bring the first major support level at $0.2830 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.28 levels. The second major support level sits at $0.2702.

Looking at the Technical Indicators

First Major Support Level: $0.2830

Pivot Level: $0.2960

First Major Resistance Level: $0.3088

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 14th, 2021

Ethereum

Ethereum rallied by 7.65% on Wednesday. Reversing a 3.56% loss from Tuesday, Ethereum ended the day at $1,130.80.

A bearish start to the day saw Ethereum fall to an early morning low $980.00 before making a move.

Finding support at the first major support level at $988, Ethereum rallied to a late intraday high $1,137.75.

Ethereum broke through the 23.6% FIB of $1,051 to wrap up the day at $1,120 levels. The first major resistance level at $1,131 pinned Ethereum back late in the day.

At the time of writing, Ethereum was up by 1.30% to $1,145.48. A bullish start to the day saw Ethereum rise from an early morning low $1,130.44 to a high $1,145.76.

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

ETHUSD 140121 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $1,083 to support a run at the first major resistance level at $1,186.

Support from the broader market would be needed, however, for Ethereum to break out from $1,150 levels.

Barring an extended crypto rally, the first major resistance level and resistance $1,200 would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $1,350 before any pullback. The second major resistance level sits at $1,241.

Failure to avoid a fall through the $1,083 pivot would bring the 23.6% FIB of $1,051 and the first major support level at $1,028 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $925.

Looking at the Technical Indicators

First Major Support Level: $1,028

Pivot Level: $1,083

First Major Resistance Level: $1,186

23.6% FIB Retracement Level: $1,051

38.2% FIB Retracement Level: $866

62% FIB Retracement Level: $566

Litecoin

Litecoin jumped by 10.61% on Wednesday. Reversing a 4.28% decline from Tuesday. Litecoin ended the day at $147.51.

A mixed start to the day saw Litecoin slide to an early morning intraday low $125.70 before making a move.

Coming within range of the first major support level and 38.2% FIB of $125, Litecoin rallied to a final hour intraday high $148.50.

Litecoin broke through the first major resistance level at $144 to come up against the 23.6% FIB of $148 before easing back.

At the time of writing, Litecoin was up by 1.55% to $149.80. A bullish start to the day saw Litecoin rise from an early morning low $147.46 to a high $149.99.

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

LTCUSD 140121 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $140.5 pivot level to support a run at the first major resistance level at $155.3.

Support from the broader market would be needed, however, for Litecoin to break out from $150 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $170. The second major resistance level at $163.1.

Failure to avoid a fall through the $140.5 pivot level would bring the first major support level at $132.7 into play.

Barring an extended sell-off, Litecoin should avoid the second major support level at $117.9. The 38.2% FIB of $125 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $132.7

Pivot Level: $140.5

First Major Resistance Level: $155.3

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rallied by 4.54% on Wednesday. Following on from a 1.66% gain on Tuesday, Ripple’s XRP ended the day at $0.30578.

It was a bearish start to the day. Ripple’s XRP fell to an early morning intraday low $0.2840 before making a move.

Steering clear of the first major support level at $0.2767, Ripple’s XRP rallied to a late intraday high $0.30984.

Ripple’s XRP came up against the first major resistance level at $0.3092 before easing back.

At the time of writing, Ripple’s XRP was up by 0.83% to $0.30833. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.30578 to a high $0.30906.

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

XRPUSD 140121 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2999 pivot level to bring the first major resistance level at $0.3157 and the 23.6% FIB of $0.3172 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.31 levels.

Barring another extended crypto rally, the first major resistance and the 23.6% FIB would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $0.33 before any pullback. The second major resistance sits at $0.3257.

Failure to avoid a fall through the $0.2999 pivot would bring the first major support level at $0.2899 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.28 levels. The second major support level sits at $0.2740.

Looking at the Technical Indicators

First Major Support Level: $0.2899

Pivot Level: $0.2999

First Major Resistance Level: $0.3157

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – January 13th, 2021

Bitcoin, BTC to USD, fell by 3.63% on Tuesday. Following on from a 7.31% slide on Monday, Bitcoin ended the day at $34,123.0. It was the 4th consecutive day in the red.

It was a mixed start to the day. Bitcoin slipped to an early morning low $33,762.0 before making a move.

Steering clear of the 23.6% FIB of $33,008 and the first major support level at $31,270, Bitcoin struck a mid-morning intraday high $36,656.0.

Falling short of the first major resistance level at $38,912, Bitcoin slid to an early afternoon intraday low $32,427.

While steering clear of the first major support level, Bitcoin fell through the 23.6% FIB of $33,008.

Late in the day, Bitcoin briefly revisited $35,500 levels before sliding back into the deep red.

Despite of the late reversal, Bitcoin avoided a fall back through the 23.6% FIB of $33,008.

The near-term bullish trend remained intact, in spite of the latest sell-off. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Bitcoin Cash SV  rallied by 10.22% to lead the day.

Binance Coin (+0.12%), Cardano’s ADA (+4.89%), Crypto.com Coin (+5.88%), Polkadot (+4.45%), Ripple’s XRP (+1.66%) also found support.

It was a bearish day for the rest of the majors, however

Chainlink (-4.13%), Ethereum (-3.56%), and Litecoin (-4.28%) joined Bitcoin in the red.

Early in the week, the crypto total market cap rose to a Monday high $1,040.51 before falling to a Monday low $804.33bn. At the time of writing, the total market cap stood at $888.48bn.

Bitcoin’s dominance rose from a Monday low 68.39% to a Monday high 69.97%. At the time of writing, Bitcoin’s dominance stood at 69.00%.

This Morning

At the time of writing, Bitcoin was down by 3.12% to $33,058.0. A bearish start to the day saw Bitcoin fall from an early morning high $34,105.0 to a low $32,931.0.

While leaving the major support and resistance levels untested early on, Bitcoin fell through the 23.6% FIB of $33,008.

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, rising by 0.69%, with Bitcoin Cash SV and Crypto.com Coin flat.

It was a bearish start for the rest of the majors, however.

At the time of writing, Ethereum was down by 3.65% to lead the way down.

BTCUSD 130121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $34,402 to bring the first major resistance level at $36,631 into play.

Support from the broader market would be needed for Bitcoin to break out from $35,500 levels.

Barring an extended crypto rally, first major resistance level and Tuesday’s high $36,656.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $40,000 before any pullback. The second major resistance level sits at $38,631.

Failure to move through the $34,402 pivot would bring the 23.6% FIB of $33,008 and the first major support level at $32,148 into play.

Barring another extended crypto sell-off, Bitcoin should steer clear of sub-$30,000 levels. The second major support level at $30,173 should limit the downside.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 13th, 2021

Ethereum

Ethereum fell by 3.56% on Tuesday. Following on from Monday’s 13.25% tumble, Ethereum ended the day at $1,049.79.

It was a choppy day. Ethereum fell to an early morning low $1,040.00 before finding support.

While steering clear of the first major support level at $909.11, Ethereum fell through the 23.6% FIB of $1,051.

Finding early morning support, Ethereum struck a mid-morning intraday high $1,150.00 before hitting reverse.

While falling short of the first major resistance level at $1,264, Ethereum broke back through the 23.6% FIB.

The reversal, however, saw Ethereum slide to an early afternoon intraday low $1,006.83.

Ethereum fell back through the 23.6% FIB of $1,051 before revisiting $1,100 levels.

A bearish end to the day, however, saw Ethereum slide back through the 23.6% FIB to end the day at sub-$1,050 levels.

At the time of writing, Ethereum was down by 1.62% to $1,032.83. A bearish start to the day saw Ethereum fall from an early morning high $1,050.46 to a low $1,027.00.

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

ETHUSD 130121 Hourly Chart

For the day ahead

Ethereum would need to move through the 23.6% FIB and the pivot level at $1,069 to support a run at the first major resistance level at $1,131.

Support from the broader market would be needed, however, for Ethereum to break back through to $1,100 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $1,150.00 would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $1,250 before any pullback. The second major resistance level sits at $1,212.

Failure to move through the 23.6% FIB and the $1,069 pivot would bring the first major support level at $988 into play.

Barring another extended sell-off, however, Ethereum should steer well clear of sub-$900 levels. The second major support level at $926 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $988

Pivot Level: $1,069

First Major Resistance Level: $1,131

23.6% FIB Retracement Level: $1,051

38.2% FIB Retracement Level: $866

62% FIB Retracement Level: $566

Litecoin

Litecoin fell by 4.28% on Tuesday. Following on from an 18.09% slump on Monday. Litecoin ended the day at $133.39.

A mixed start to the day saw Litecoin rise to a mid-morning intraday high $146.88 before hitting reverse.

While falling short of the first major resistance level at $170.00, Litecoin came within range of the 23.6% FIB of 148.

The reversal saw Litecoin slide to an early afternoon intraday low $128.00.

Steering clear of the 38.2% FIB of $125 and the first major support level at $110, Litecoin revisited $141 levels.

A bearish end to the day, however, saw Litecoin slide back to end the day at $133 levels.

At the time of writing, Litecoin was down by 1.68% to $131.15. A bearish start to the day saw Litecoin fall from an early morning high $133.36 to a low $130.79.

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

LTCUSD 130121 Hourly Chart

For the day ahead

Litecoin would need to move through the $136 pivot level to support a run at the first major resistance level at $144.

Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.

Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $148 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at the second major resistance level at $155.

Failure to move through the $136 pivot level would bring the 38.2% FIB of $125 and the first major support level at $125 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$120 levels and the second major support level at $117. The 38.2% FIB of $125 and first major support level should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $125

Pivot Level: $136

First Major Resistance Level: $144

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rose by 1.66% on Tuesday. Partially reversing an 8.63% slide on Monday, Ripple’s XRP ended the day at $0.29251.

It was a bearish start to the day. Ripple’s XRP fell to an early morning low $0.27945 before making a move.

Steering clear of the first major support level at $0.2555, Ripple’s XRP struck an early morning intraday high $0.3100.

Falling short of the first major resistance level at $0.3180, Ripple’s XRP slid to an early afternoon intraday low $0.2775.

Steering clear of the major support levels once more, Ripple’s XRP revisited $0.30 levels before easing back.

At the time of writing, Ripple’s XRP was down by 1.15% to $0.28916. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.2925 to a low $0.2877.

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

XRPUSD 130121 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.2933 pivot level to bring the first major resistance level at $0.3092 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.30 levels.

Barring another extended crypto rally, the first major resistance and Tuesday’s high $0.3100 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at the 23.6% FIB of $0.3172 and resistance at $0.32. The second major resistance sits at $0.3258.

Failure to move through the $0.2933 pivot would bring the first major support level at $0.2767 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.25 levels. The second major support level at $0.2608 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2767

Pivot Level: $0.2933

First Major Resistance Level: $0.3092

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 12th, 2021

Ethereum

Ethereum tumbled by 13.25% on Monday. Following on from a 2.04% on Sunday, Ethereum ended the day at $1,088.79.

It was a particularly bearish day. Ethereum slid from an early morning intraday high $1,260.24 to a late afternoon intraday low $905.00.

The sell-off saw Ethereum fall through the first major support level at $1,155.13 and the second major support level at $1,055.12.

More significantly, Ethereum also slid through the 23.6% FIB of $1,051.

Finding support late in the day. Ethereum moved back through the 23.6% FIB and the second major support level.

At the time of writing, Ethereum was down by 3.84% to $1,046.99. A particularly bearish start to the day saw Ethereum fall from an early morning high $1,093.00 to a low $1,040.00.

While leaving the major support and resistance levels untested, Ethereum fell through the 23.6% FIB of $1,051 early on.

ETHUSD 120121 Hourly Chart

For the day ahead

Ethereum would need to move through the 23.6% FIB and the pivot level at $1,085 to support a run at the first major resistance level at $1,264.

Support from the broader market would be needed, however, for Ethereum to break back through to $1,200 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $1,260.24 would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $1,350 before any pullback. The second major resistance level sits at $1,440.

Failure to move through the 23.6% FIB and the $1,085 pivot would bring the first major support level at $909.11 into play.

Barring another extended sell-off, however, Ethereum should steer well clear of the second major support level at $729. The 38.2% FIB of $866 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,264

Pivot Level: $1,085

First Major Resistance Level: $909

23.6% FIB Retracement Level: $1,051

38.2% FIB Retracement Level: $866

62% FIB Retracement Level: $566

Litecoin

Litecoin tumbled by 18.09% on Monday. Following on from a 4.32% decline on Sunday. Litecoin ended the day at $139.43.

Tracking the broader market, Litecoin slid from an early morning intraday high $170.72 to a late afternoon intraday low $111.04.

The extended sell-off saw Litecoin fall through the day’s major support levels.

More significantly, Litecoin also fell through the 23.6% FIB of $148 and the 38.2% FIB of $125.

Finding late support, Litecoin moved back through the third major support level at $120.95 and the 38.2% FIB.

At the time of writing, Litecoin was down by 4.30% to $133.43. A mixed start to the day saw Litecoin rise to an early morning high $140.50 before sliding to a low $132.50.

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

LTCUSD 120121 Hourly Chart

For the day ahead

Litecoin would need to move through the $140 pivot level and the 23.6% FIB of $148 to support a run at the first major resistance level at $170.

Support from the broader market would be needed, however, for Litecoin to break back through to $160 levels.

Barring an extended crypto rally, the 23.6% FIB of $148 and resistance at $150 would likely leave Litecoin short of the first major resistance level.

In the event of an extended breakout, the first major resistance level would likely cap any upside. The second major resistance level sits at $200.

Failure to move through the $140 pivot level would bring the 38.2% FIB of $125 and the first major support level at $110 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$100 levels and the 62% FIB of $87. The second major support level sits at $81.

Looking at the Technical Indicators

First Major Support Level: $110

Pivot Level: $140

First Major Resistance Level: $170

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP slid by 8.63% on Monday. Following on from a 3.16% fall on Sunday Ripple’s XRP ended the day at $0.28781.

It was a bearish start to the day. Ripple’s XRP fell from an early morning intraday high $0.31592 to an early morning intraday low $0.25333.

The sell-off saw Ripple’s XRP fall through the first major support level at $0.2782 before revising $0.299 levels.

A 2nd reversal saw Ripple’s XRP slide back through the first major support level to a late afternoon low $0.25781.

Finding support late in the day, however, Ripple’s XRP moved back through the first major support level to wrap up the day at $0.28 levels.

At the time of writing, Ripple’s XRP was down by 2.11% to $0.28175. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.28925 before falling to a low $0.27945.

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

XRPUSD 120121 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.2857 pivot level to bring the 23.6% FIB of $0.3172 and the first major resistance level at $0.3180 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.30 levels.

Barring another extended crypto rally, the 23.6% FIB and the first major resistance would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $0.33 before any pullback. The second major resistance sits at $0.3483.

Failure to move through the $0.2857 pivot would bring the first major support level at $0.2555 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2231.

Looking at the Technical Indicators

First Major Support Level: $0.2555

Pivot Level: $0.2857

First Major Resistance Level: $0.3180

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – January 11th, 2021

Bitcoin, BTC to USD, slid by 4.90% on Sunday. Following on from a 0.82% decline on Saturday, Bitcoin ended the week up by 15.79% to $38,200.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $41,399 before hitting reverse.

Falling short of the first major resistance level at $41,478, Bitcoin slid to a late intraday low $35,260.0.

The sell-off saw Bitcoin fall through the first major support level at $38,779 and the second major support level at $37,390.

Steering clear of sub-$35,000 support levels, however, Bitcoin revisited $38,900 levels before easing back.

The first major support level pinned Bitcoin back late in the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday.

Polkadot bucked the trend on the day, rising by a modest 0.23%.

It was a bearish day for the rest of the majors, however.

Bitcoin Cash SV  slid by 11.27% to lead the way down, with Cardano’s ADA (-9.16%) and Chainlink (-7.90%) also seeing heavy losses.

Binance Coin (-3.54%), Crypto.com Coin (-1.34%), Ethereum (-2.04%), Litecoin (-4.32%), and Ripple’s XRP (-3.16%) also struggled, however.

For the week, it was also mixed for the majors.

Polkadot bucked the trend for the week, falling by 20.7%.

It was a bullish week for the rest of the majors, however.

Bitcoin Cash SV (+48.6%), Cardano’s ADA (+45.9%), Crypto.com Coin (+35.4%), and Ripple’s XRP (+39.65%) led the way.

Chainlink (+18.11%) and Ethereum (+28.02%) also saw solid gains, while Litecoin rose by just 5.43%.

In the week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Sunday high $1,109.78bn. At the time of writing, the total market cap stood at $1,018.17bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 68.93%.

This Morning

At the time of writing, Bitcoin was down by 1.69% to $37,556.0. A mixed start to the day saw Bitcoin rise to an early morning high $38,277.0 before falling to a low $37,435.0.

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

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 7.03% to lead the way down.

BTCUSD 110121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $38,286 to bring the first major resistance level at $41,313 into play.

Support from the broader market would be needed for Bitcoin to break back through to $40,000 levels.

Barring an extended crypto rally, first major resistance level and Sunday’s high $41,399 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $44,000 before any pullback. The second major resistance level sits at $44,425.

Failure to move through the $38,286 pivot would bring the first major support level at $35,174 into play.

Barring another extended crypto sell-off, Bitcoin should steer well clear of the 23.6% FIB of $33,008. The second major support level sits at $32,147.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 11th, 2021

Ethereum

Ethereum fell by 2.04% on Sunday. Partially reversing a 5.27% rally from Saturday, Ethereum ended the week up by 28.02% to $1,255.13.

It was a bullish start to the day. Ethereum rose to a late morning intraday high and a new swing high $1,350.88 before hitting reverse.

Ethereum broke through the first major resistance level at $1,336.68 before sliding to late intraday low $1,153.0.

The sell-off saw Ethereum fall through the first major support level at $1,199.54.

Finding late support, Ethereum revisited $1,288 levels before easing back to end the day at $1,255 levels.

At the time of writing, Ethereum was down by 1.77% to $1,232.91. A mixed start to the day saw Ethereum rise to an early morning high $1,260.24 before falling to a low $1,217.88.

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

ETHUSD 110121 Hourly Chart

For the day ahead

Ethereum would need to move back through the pivot level at $1,253.00 to support a run at the first major resistance level at $1,353.01.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $1,350.88.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended crypto rally, Ethereum could test the second major resistance level at $1,450.88.

Failure to move back through the $1,253.00 pivot would bring the first major support level at $1,155.13 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $1,055.12 and the 23.6% FIB of $1,051.

Looking at the Technical Indicators

First Major Support Level: $1,155.13

Pivot Level: $1,253.00

First Major Resistance Level: $1,353.01

23.6% FIB Retracement Level: $1,051

38.2% FIB Retracement Level: $866

62% FIB Retracement Level: $566

Litecoin

Litecoin slid by 4.32% on Sunday. Reversing a 3.14 % gain on Friday, Litecoin ended the week up by 5.43% to $170.21.

A bullish start to the day saw Litecoin rise to an early morning intraday high and a new swing high $186.34 before hitting reverse.

Litecoin broke through the first major resistance level at $183.67 before sliding to a late intraday low $160.62.

Litecoin fell through the first major support level at $167.83 before revisiting $172 levels.

A bearish end to the day, however, saw Litecoin ease back to end the day at $170 levels.

At the time of writing, Litecoin was down by 1.90% to $166.97. A bearish start to the day saw Litecoin fall from an early morning high $170.72 to a low $166.66.

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

LTCUSD 110121 Hourly Chart

For the day ahead

Litecoin would need to move through the $172.39 pivot level to support a run at the first major resistance level at $184.16.

Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.

In the event of another extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $198.11.

Failure to move through the $172.39 pivot level would bring the first major support level at $158.44 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$150 levels and the 23.6% FIB of $148. The second major support level sits at $146.67.

Looking at the Technical Indicators

First Major Support Level: $158.44

Pivot Level: $172.39

First Major Resistance Level: $184.16

23.6% FIB Retracement Level: $

38.2% FIB Retracement Level: $

62% FIB Retracement Level: $

Ripple’s XRP

Ripple’s XRP fell by 3.16% on Sunday. Reversing a 3.14% gain from Saturday, Ripple’s XRP ended the week up by 39.65% to $0.31525.

It was a bullish start to the day. Ripple’s XRP rose to a mid-morning intraday high $0.3690 before hitting reverse.

The early rally saw Ripple’s XRP break through the first major resistance level at $0.3589.

Coming up short of $0.37 levels, however, Ripple’s XRP slid to a late intraday low $0.28657.

Ripple’s XRP fell through the first major support level at $0.3072 and the second major support level at $0.2889.

More significantly, Ripple’s XRP also fell through the 23.6% FIB of $0.3172.

Finding late support, Ripple’s XRP broke back through the support levels to wrap up the day at $0.31 levels.

The 23.6% FIB pinned Ripple’s XRP back late in the day.

At the time of writing, Ripple’s XRP was down by 3.04% to $0.30567. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.31592 before falling to a low $0.30326.

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

XRPUSD 110121 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the 23.6% FIB of $0.3172 and the $0.3236 pivot level to bring the first major resistance level at $0.3606 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.36 levels.

Barring another extended crypto rally, the first major resistance and Sunday’s high $0.3690 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $0.40 before any pullback. The second major resistance sits at $0.4060.

Failure to move through the 23.6% FIB and the $0.0.3236 pivot would bring the first major support level at $0.2782 into play.

Barring another extended crypto sell-off, Ripple’s XRP should avoid sub-$0.27 levels. The second major support level sits at $0.2412.

Looking at the Technical Indicators

First Major Support Level: $0.2782

Pivot Level: $0.3236

First Major Resistance Level: $0.3606

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – January 10th, 2021

Bitcoin, BTC to USD, fell by 0.82% on Saturday. Partially reversing a 2.85% gain from Friday, Bitcoin ended the day at $40,168.0.

It was a mixed start to the day. Bitcoin rose to an early morning high $40,915.0 before hitting reverse.

Falling short of the major resistance levels, Bitcoin fell to a mid-morning intraday low $38,700.0.

Steering clear of the first major resistance level at $37,386, Bitcoin rallied to a mid-afternoon intraday high $41,399.0.

Falling short of the first major resistance level at $42,800, Bitcoin fell back to sub-$40,000 levels.

Finding late support, however, Bitcoin moved back through to $40,000 levels to reduce the deficit on the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday.

Bitcoin Cash SV surged by 61.14% to lead the pack, with Chainlink rallying by 15.41%.

Cardano’s ADA (+8.99%), Ethereum (+5.27%), and Polkadot (+5.97%) also made solid gains.

Binance Coin (+3.71%), Crypto.com Coin (+3.40%), Litecoin (+3.14%), and Ripple’s XRP (+1.36%) trailed the front runners.

In the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Friday high $1,115.32bn. At the time of writing, the total market cap stood at $1,086.23bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 69.47%.

This Morning

At the time of writing, Bitcoin was up by 0.85% to $40,510.0. A bullish start to the day saw Bitcoin rise from an early morning low $40,170.0 to a high $40,540.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-6.14%) and Polkadot (-0.34%) saw red early on to buck the trend.

It was a bullish start to the day for the rest of the majors, however.

At the time of writing, Chainlink was up by 1.89% to lead the way.

BTCUSD 100121 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $40,089 to bring the first major resistance level at $41,478 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $41,399.0.

Barring an extended crypto rally, first major resistance level and resistance at $41,500 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $43,500 before any pullback. The second major resistance level sits at $42,788.

Failure to avoid a fall through the $40,089 pivot would bring the first major support level at $38,779 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$38,000 levels. The second major support level sits at $37,390.

The Crypto Daily – Movers and Shakers – January 9th, 2021

Bitcoin, BTC to USD, rose by 2.85% on Friday. Following on from a 7.09% rally on Thursday, Bitcoin ended the day at $40,509.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $36,555.0 before making a move.

The pullback saw Bitcoin fall through the first major support level at $36,889.

Steering clear of sub-$36,000 levels, Bitcoin rallied to a mid-afternoon intraday high and a new swing hi $41,969.0.

Bitcoin broke through the first major resistance level at $41,148 before falling back to sub-$39,000 levels.

Finding late support, however, Bitcoin move back through to $40,500 levels to deliver the upside for the day.

The near-term bullish trend remained intact, supported by the latest breakthrough to $41,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $18,504 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Chainlink and Polkadot slid by 4.64% and by 6.19% to lead the way down.

Binance Coin (-2.81%), Ethereum (-0.83%), and Ripple’s XRP (-0.84%) also saw red on the day.

It was a bullish day for the rest of the majors, however.

Bitcoin Cash SV rose by 3.39% to lead the pack.

Cardano’s ADA (+1.71%), Crypto.com Coin (+2.71%), and Litecoin (+1.60%) also joined Bitcoin in the green.

In the current week, the crypto total market cap slid to a Monday low $735.72bn before rising to a Friday high $1,115.32bn. At the time of writing, the total market cap stood at $1,052.85bn.

Bitcoin’s dominance fell to a Monday low 67.66% before rising to a Friday high 71.37%. At the time of writing, Bitcoin’s dominance stood at 70.99%.

This Morning

At the time of writing, Bitcoin was down by 0.84% to $40,169.0. A mixed start to the day saw Bitcoin rise to an early morning high $40,915.0 before falling to a low $40,136.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA and Polkadot bucked the trend, with gains of 0.30% and 0.36% respectively.

It was a bearish start for the rest of the majors, however.

At the time of writing, Ripple’s XRP was down by 3.26% to $0.31062.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $39,678 to bring the first major resistance level at $42,800 into play.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $41,969.0.

Barring an extended crypto rally, first major resistance level and resistance at $43,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $45,500 before any pullback. The second major resistance level sits at $45,092.

Failure to avoid a fall through the $39,678 pivot would bring the first major support level at $37,386 into play.

Barring another extended crypto sell-off, Bitcoin should continue to steer clear of sub-$36,000 levels. The second major support level sits at $34,264.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 9th, 2021

Ethereum

Ethereum fell by 0.83% on Friday. Partially reversing a 1.21% gain from Thursday, Ethereum ended the day at $1,217.35.

It was a bearish start to the day. Ethereum fell through the first major support level at $1,147.58 to an early morning intraday low $1,063.18.

Finding support at the second major support level at $1,067.82, Ethereum rallied to a mid-day intraday high $1,275.00.

Falling short of the first major resistance level at $1,299.52, Ethereum fell back through the first major support level to $1,135 levels.

Finding late support, however, Ethereum moved back through to $1,217 levels to limit the loss on the day.

At the time of writing, Ethereum was up by 1.15% to $1,231.39. A bullish start to the day saw Ethereum rise from an early morning low $1,217.31 to a high $1,234.56.

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

ETHUSD 090121 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $1,185.18 to support a run at the first major resistance level at $1,307.17.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s swing hi $1,291.94.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended crypto rally, Ethereum could test resistance at $1,450 before any pullback. The second major resistance level sits at $1,397.00.

Failure to avoid a fall through the $1,185.18 pivot would bring the first major support level at $1,095.35 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $973.36. The 23.6% FIB of $1,006 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,095.35

Pivot Level: $1,185.18

First Major Resistance Level: $1,307.17

23.6% FIB Retracement Level: $1,006

38.2% FIB Retracement Level: $829

62% FIB Retracement Level: $543

Litecoin

Litecoin rose by 1.60% on Friday. Following on from a 0.18% gain on Thursday, Litecoin ended the day at $172.46.

A bearish start to the day saw Litecoin fall to an early morning intraday low $150.20 before making a move.

Litecoin fell through the first major support level at $160.75 and the second major support level at $151.75.

Steering clear of sub-$150 levels, Litecoin rallied to a late afternoon intraday high and a new swing hi $181.55.

Litecoin broke through the first major resistance level at $180.00 before sliding to $163 levels and into the red.

Finding late support, however, Litecoin revisited $174 levels before ending the day at $172 levels.

At the time of writing, Litecoin was up by 1.23% to $174.58. A bullish start to the day saw Litecoin rise from an early morning low $172.39 to a high $175.00.

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

LTCUSD 090121 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $168.07 pivot level to support a run at the first major resistance level at $185.94.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s swing hi $181.55.

Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.

In the event of another extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $199.42.

Failure to avoid a fall through the $168.07 pivot level would bring the first major support level at $154.59 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$150 levels. The second major support level sits at $136.72.

Looking at the Technical Indicators

First Major Support Level: $154.59

Pivot Level: $168.07

First Major Resistance Level: $185.94

23.6% FIB Retracement Level: $145

38.2% FIB Retracement Level: $122

62% FIB Retracement Level: $85

Ripple’s XRP

Ripple’s XRP fell by 0.84% on Friday. Partially reversing Thursday’s 29.93% rally, Ripple’s XRP ended the day at $0.3211.

It was a choppy start to the day. Ripple’s XRP rose to an early morning intraday high $0.34626 before hitting reverse.

Falling short of the first major resistance level at $0.3818, Ripple’s XRP slid to an early morning intraday low $0.28076.

The reversal saw Ripple’s XRP fall through the 23.6% FIB before finding support.

Steering clear of the first major support level at $0.2562, Ripple’s XRP revisited $0.34 levels before a 2nd slide to sub-$0.30 levels.

Finding late support, however, Ripple’s XRP broke back through the 23.6% FIB to wrap up the day at $0.32 levels.

At the time of writing, Ripple’s XRP was up by 0.90% to $0.3240. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.32088 before rising to a high $0.32741.

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

XRPUSD 090121 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the 23.6% FIB of $0.3172 and the $0.3160 pivot level to bring the first major resistance level at $0.3513 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.34626.

Barring another extended crypto rally, the first major resistance would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $0.40 before any pullback. The second major resistance sits at $0.3815.

Failure to avoid a fall through the 23.6% FIB of $0.3172 and the $0.3160 pivot would bring the first major support level at $0.2858 into play.

Barring an extended crypto sell-off, Ripple’s XRP should continue to avoid sub-$0.25 levels. The second major support level at $0.2505 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2858

Pivot Level: $0.3160

First Major Resistance Level: $0.3513

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

Please let us know what you think in the comments below.

Thanks, Bob