Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 20th, 2020

Ethereum

Ethereum rose by 0.21% on Monday. Following on from a 2.74% rally on Sunday, Ethereum ended the day at $379.36.

It was a bearish start to the day. Ethereum fell to an early morning intraday low $372.89 before making a move.

Steering clear of the first major support level at $371.03, Ethereum rallied to a late afternoon intraday high $384.69.

Ethereum broke through the first major resistance level at $382.41 before a pullback to $376 levels and into the red.

Finding late support, however, Ethereum moved back through to $379 levels to end the day in the green.

At the time of writing, Ethereum was down by 0.09% to $379.00.  A mixed start to the day saw Ethereum rise to an early morning high $379.65 before falling to a low $379.00.

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

ETH/USD 20/10/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $378.98 pivot to support a run at the first major resistance level at $385.07.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $384.69.

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

In the event of a breakout, Ethereum could test the second major resistance level at $390.78 before any pullback.

Failure to avoid a fall through the $378.98 pivot would bring the first major support level at $373.27 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the 38.2% FIB of $367 and the second major support level at $367.18.

Looking at the Technical Indicators

First Major Support Level: $373.27

Pivot Level: $378.98

First Major Resistance Level: $385.07

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin rose by 0.92% on Monday. Following on from a 1.39% gain on Sunday, Litecoin ended the day at $48.02.

Tracking the broader market, Litecoin slid to an early morning intraday low $46.60 before making a move.

The pullback saw Litecoin fall through the first major support level at $46.93 before striking a mid-afternoon intraday high $48.48.

Litecoin broke through the first major resistance level at $48.10 before easing back to sub-$48 levels.

Finding late support, however, Litecoin broke back through the first major resistance level before wrapping up the day at $48.02.

At the time of writing, Litecoin was down by 0.21% to $47.92. A bearish start to the day saw Litecoin fall from an early morning high $48.02 to a low $47.85.

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

LTC/USD 20/10/20 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $47.70 pivot to support a run at the first major resistance level at $48.80.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $48.48.

Barring an extended crypto rally, the first major resistance level and resistance at $49 would likely cap any upside.

In the event of another breakout, Litecoin would likely test resistance at $50 before any pullback. The second major resistance level sits at $49.58.

Failure to avoid a fall through the $47.70 pivot level would bring the first major support level at $46.92 into play.

Barring an extended sell-off on the day, however, Litecoin should steer well clear of the second major support level at $45.82.

Looking at the Technical Indicators

First Major Support Level: $46.92

Pivot Level: $47.70

First Major Resistance Level: $48.80

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rallied by 1.42% on Monday. Following on from a 0.63% rise on Sunday, Ripple’s XRP ended the day at $0.24574.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.24035 before making a move.

Steering clear of the first major support level at $0.2406, Ripple’s XRP rallied to a late afternoon intraday high $0.24968.

Ripple’s XRP broke through the day’s major resistance levels before falling back to sub-$0.246 levels.

The pullback saw Ripple’s XRP fall back through the third major resistance level at $0.2480.

At the time of writing, Ripple’s XRP was down by 0.08% to $0.24555. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24604 before falling to a low $0.24555.

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

XRP/USD 20/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2453 pivot to support a run at the first major resistance level at $0.2502.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.24968.

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

In the event of an extended rally, the second major resistance level at $0.2546 would likely come into play. Resistance at $0.26 would likely cap any upside, however.

Failure to avoid a fall through the $0.2453 pivot would bring the first major support level at $0.24080 into play.

Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.24 levels. The second major support level sits at $0.2359.

Looking at the Technical Indicators

First Major Support Level: $0.2408

Pivot Level: $0.2453

First Major Resistance Level: $0.2502

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob

Bitcoin and Ripple’s XRP – Weekly Technical Analysis – October 19th, 2020

Bitcoin

Bitcoin rose by 1.18% in the week ending 18th October. Following a 6.53% gain from the week prior, Bitcoin ended the week at $11,518.0.

It was a choppy start to the week. Bitcoin fell to a Monday intraweek low $11,111.0 before finding support.

Steering clear of the first major support level at $10,782, Bitcoin bounced back to a Monday intraweek high $11,740.0.

Coming up against the first major resistance level at $11,746, Bitcoin fell back to $11,210 levels and into the red on Friday.

A relatively bullish end to the week, coming off the back of 2 consecutive days in the green delivered the upside for the week.

4 days in the green that included a 1.54% gain on Monday delivered the upside for the week. A 1.60% slide on Friday, limited the upside for the week, however.

For the week ahead

Bitcoin would need to avoid a fall through $11,456 pivot to support a run the first major resistance level at $11,802.

Support from the broader market would be needed for Bitcoin to break out from last week’s high $11.740.0.

Barring an extended crypto rally, the first major resistance level and last week’s high $11,740.0 would likely cap any upside.

In the event of a breakout, Bitcoin could test resistance at $12,000 before any pullback. The second major resistance level sits at $12,085.

Failure to avoid a fall through the $11,456 pivot would bring the first major support level at $11,173 into play.

Barring an extended sell-off, Bitcoin should steer clear of sub-$11,000 support levels. The second major support level sits at $10,827

At the time of writing, Bitcoin was down by 0.31% to $11,482.0. A mixed start to the week saw Bitcoin hit an early Monday morning high $11,550.0 before falling to a low $11,459.1.

Bitcoin left the major support and resistance levels untested at the start of the week.

BTC/USD 19/10/20 Daily Chart

Ripple’s XRP

Ripple’s XRP slid by 5.21% in the week ending 18th October. Reversing a 3.07% gain from the previous week, Ripple’s XRP ended the week at $0.24216.

It was a mixed start to the week. Ripple’s XRP rose to a Tuesday intraweek high $0.25998 before hitting reverse.

Falling short of the first major resistance level at $0.2638, Ripple’s XRP slid to a Friday intraweek low $0.23783 and into the deep red.

Ripple’s XRP fell through the first major support level at $0.2438 before finding support through the weekend.

In spite of 2 consecutive days in the green, however, Ripple’s XRP failed to break back through the first major support level.

3-days in the red that included a 2.89% slide on Tuesday and a 2.36% fall on Friday delivered the downside for the week.

For the week ahead

Ripple’s XRP would need to move through the $0.2467 pivot level to support a run at the first major resistance level at $0.2555.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2550 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $0.25998 would likely cap any upside.

In the event of a breakout, Ripple’s XRP could test resistance at $0.26 before any pullback. The second major resistance level sits at $0.2688.

Failure to move through the $0.2467 would bring the first major support level at $0.2333 into play.

Barring an extended crypto market sell-off, however, Ripple’s XRP should steer clear well clear of sub-$0.23 levels. The second major support level sits at $0.2245.

At the time of writing, Ripple’s XRP was down by 0.01% to $0.24214. A mixed start to the week saw Ripple’s XRP rise to an early Monday morning high $0.24281 before falling to a low $0.24203.

Ripple’s XRP left the major support and resistance levels untested at the start of the week.

XRP/USD 19/10/20 Daily Chart

The Crypto Daily – Movers and Shakers – October 19th, 2020

Bitcoin, BTC to USD, rose by 1.25% on Sunday. Following on from a 0.44% gain on Saturday, Bitcoin ended the week up by 1.18% to $11,518.0.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,364.9 before making a move.

Steering clear of the first major support level at $11,294, Bitcoin rallied to a final hour intraday high $11,520.0.

Bitcoin broke through the first major resistance level at $11,437 and the second major resistance at $11,499.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 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.

Crypto.com Coin slid by 9.12% to buck the trend on the day.

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

Chainlink (+2.88%), Ethereum (+2.74%), and Polkadot (+2.00%) led the way.

Binance Coin (+1.52%), Cardano’s ADA (+1.49%), and Litecoin (+1.39%) also found strong support.

Bitcoin Cash ABC (+0.57%), Bitcoin Cash SV (+0.80%), and Ripple’s XRP (+0.63%) trailed the front runners on the day.

It was also a mixed week for the crypto majors in the week ending 18th October.

Crypto.com Coin slumped by 21.56% to lead the way down.

Bitcoin Cash SV (-6.73%), Litecoin (-5.73%), Polkadot (-4.29%), and Ripple’s XRP (-5.21%) also saw red.

Binance Coin (+7.57%), Bitcoin Cash ABC (+3.71%), Cardano’s ADA (+0.87%), Chainlink (+0.75%), and Ethereum (+1.12%) joined Bitcoin in the green, however.

For the week, the crypto total market rose to a Monday high $365.23bn before falling to a Friday low $343.10. At the time of writing, the total market cap stood at $353.28bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Friday high 60.45%. At the time of writing, Bitcoin’s dominance stood at 60.18%.

This Morning

At the time of writing, Bitcoin was down by 0.31% to $11,482.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,550.0 before falling to a low $11,479.0.

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

Elsewhere, it was a mixed start to the day for the crypto majors.

Bitcoin Cash SV and Ripple’s XRP were up by 0.01% and by 0.06% respectively to buck the trend early on.

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

At the time of writing, Crypto.com Coin was down by 1.23% to lead the way down.

BTC/USD 19/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,468 to bring the first major resistance level at $11,570 back into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $11,550.0.

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

In the event of another crypto breakout, Bitcoin could test the second major resistance level sits at $11,623.

Failure to avoid a fall through the $11,468 pivot would bring the first major support level at $11,415 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$11,400 support levels. The second major support level sits at $11,313.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 19th, 2020

Ethereum

Ethereum rallied by 2.74% on Sunday. Following on from a 0.8% gain on Saturday, Ethereum ended the week up by 1.12% to $378.58

It was a bullish end to the week. Ethereum rallied from an early morning intraday low $367.31 to a final hour intraday high $378.69.

The day-long rally saw Ethereum break through the first major resistance level at $371.51 and the second major resistance level at $374.55.

At the time of writing, Ethereum was down by 0.11% to $378.16. A mixed start to the day saw Ethereum rise to an early morning high $379.94 before falling to a low $378.01.

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

ETH/USD 19/10/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $374.86 pivot to support a run at the first major resistance level at $382.41.

Support from the broader market would be needed, however, for Ethereum to break through to $380 levels.

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

In the event of a breakout, Ethereum could test the second major resistance level at $386.24 before any pullback.

Failure to avoid a fall through the $374.86 pivot would bring the first major support level at $371.03 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the 38.2% FIB of $367. The second major support level sits at $363.48.

Looking at the Technical Indicators

First Major Support Level: $371.03

Pivot Level: $374.86

First Major Resistance Level: $382.41

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin rose by 1.39% on Sunday. Partially reversing a 1.49% loss from Saturday, Litecoin ended the week down by 5.73% to $47.58.

It was a relatively bullish start to the day. Litecoin rise from an early morning intraday low $46.81 to an early afternoon intraday high $47.98.

The morning rally saw Litecoin break through the first major resistance level at $47.62 before easing back.

Litecoin fell back to a 2nd half low $47.27 before wrapping up the day at $47.5 levels.

At the time of writing, Litecoin was down by 0.23% to $47.47. A mixed start to the day saw Litecoin rise to an early morning high $47.67 before falling to a low $47.47.

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

LTC/USD 19/10/20 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $47.46 pivot to support a run at the first major resistance level at $48.10.

Support from the broader market would be needed, however, for Litecoin to break back through to $48 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $47.98 would likely cap any upside.

In the event of another breakout, Litecoin would likely test resistance at $49 before any pullback. The second major resistance level sits at $48.63.

Failure to avoid a fall through the $47.46 pivot level would bring the first major support level at $46.93 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $46.29.

Looking at the Technical Indicators

First Major Support Level: $46.93

Pivot Level: $47.46

First Major Resistance Level: $48.1

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 0.63% on Sunday. Following on from a 0.17% gain on Saturday, Ripple’s XRP ended the week down by 5.21% to $0.24216.

A bullish start to the day saw Ripple’s XRP rise from an early morning intraday low $0.24040 to an early afternoon intraday high $0.24342.

Ripple’s XRP broke through the first major resistance level at $0.2428 before falling back to sub-$0.2425 levels.

At the time of writing, Ripple’s XRP was up by 0.27% to $0.24281. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24229 to a high $0.24281.

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

XRP/USD 19/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2420 pivot to support a run at the first major resistance level at $0.2436.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Sunday’s high $0.24342.

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

In the event of an extended rally, the second major resistance level at $0.2450 would likely come into play.

Failure to avoid a fall through the $0.2420 pivot would bring the first major support level at $0.2406 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.2350 levels. The second major support level at $0.2390 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.2406

Pivot Level: $0.2420

First Major Resistance Level: $0.2436

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob

The Crypto Daily – Movers and Shakers – October 18th, 2020

Bitcoin, BTC to USD, rose by 0.44% on Saturday. Partially reversing a 1.62% fall from Friday, Bitcoin ended the day at $11,375.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $11,290.0 before striking a mid-morning high $11,388.0.

Leaving the major support and resistance levels untested, Bitcoin slid to an early afternoon intraday low $11,275.0.

Steering clear of the first major support level at $11,176, Bitcoin hit a mid-afternoon intraday high $11,418.0 before easing back.

Falling short of the first major resistance level at $11,511, Bitcoin fell back to end the day at sub-$11,400 levels.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Bitcoin Cash ABC (-1.52%), Bitcoin Cash SV (-0.19%), Crypto.com Coin (-1.91%), and Litcoin (-1.49%) saw red on the day..

Binance Coin (+0.53%), Cardano’s ADA (+1.61%), Chainlink (+0.31%), Ethereum (+0.80%), Polkadot (+1.16%), and Ripple’s XRP (+0.17%) joined Bitcoin in the green.

In the current week, the crypto total market rose to a Monday high $365.23bn before falling to a Friday low $343.10. At the time of writing, the total market cap stood at $350.42bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Friday high 60.45%. At the time of writing, Bitcoin’s dominance stood at 60.19%.

This Morning

At the time of writing, Bitcoin was up by 0.14% to $11,391.0. A mixed start to the day saw Bitcoin fall to an early morning high $11,364.9 before rising to a high $11,410.0.

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

Elsewhere, it was a mixed start to the day for the crypto majors.

Bitcoin Cash SV was down by 0.35% to buck the trend early on.

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

At the time of writing, Binance Coin was up by 1.40% to lead the way.

BTC/USD 18/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,356 to bring the first major resistance level at $11,437 back into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $11,418.0.

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

In the event of another crypto breakout, Bitcoin could test the second major resistance level at $11,499.

Failure to avoid a fall through the $11,356 pivot would bring the first major support level at $11,294 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$11,200 levels. The second major support level at $11,213 should limit any downside.

The Crypto Daily – Movers and Shakers – October 17th, 2020

Bitcoin, BTC to USD, fell by 1.62% on Friday. Reversing a 0.60% gain from Thursday, Bitcoin ended the day at $11,325.0.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,547.0 before hitting reverse.

Falling short of the first major resistance level at $11,668, Bitcoin fell to an early morning intraday low $11,212.0.

The morning pullback saw Bitcoin fall through the first major support level at $11,313.

Finding support in the late morning, Bitcoin briefly revisited $11,400 levels before falling back through the first major support level.

A late move back through to $11,320 levels reduced the deficit on the day. The late move also saw Bitcoin break back through the first major support level at $11,313.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Binance Coin (-4.18%), Bitcoin Cash ABC (-5.22%), and Bitcoin Cash SV (-5.16%) led the way down.

Cardano’s ADA (-2.25%), Ethereum (-3.26%), Litecoin (-3.87%), Polkadot (-2.81%), and Ripple’s XRP (-2.31%) also struggled.

Chainlink (-1.57%) and Crypto.com Coin (-1.94%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Monday high $365.23bn before falling to a Friday low $343.10. At the time of writing, the total market cap stood at $347.00bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Friday high 60.45%. At the time of writing, Bitcoin’s dominance stood at 60.28%.

This Morning

At the time of writing, Bitcoin was down by 0.25% to $11,297.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,334.0 before falling to a low $11,290.0.

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

Elsewhere, it was a bearish start to the day for the crypto majors.

At the time of writing, Bitcoin Cash SV was down by 1.68% to lead the way down.

BTC/USD 17/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $11,361 to bring the first major resistance level at $11,511 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,500 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $11,547.0 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,600 before any pullback. The second major resistance level sits at $11,696.

Failure to move through the $11,361 pivot would bring the first major support level at $11,176 into play.

Barring an extended crypto sell-off, Bitcoin should steer clear of the second major support level at $11,026.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 17th, 2020

Ethereum

Ethereum slid by 3.26% Friday. Following on from a 0.28% decline on Thursday, Ethereum ended the day at $365.57.

It was another mixed start to the day. Ethereum rose to an early morning intraday high $380.0 before hitting reverse.

Falling short of the first major resistance level at $383.27, Ethereum fell to a late morning intraday low $361.38.

The pullback saw Ethereum fall through the first major support level at $371.34 and the second major support level at $364.73.

More significantly, Ethereum fell through the 38.2% FIB of $367.

Finding support in the 2nd half of the day, Ethereum revisited $371 levels before falling back through the 38.2% FIB. The first major support level at $371.34 pinned Ethereum back.

At the time of writing, Ethereum was down by 0.21% to $364.80. A mixed start to the day saw Ethereum rise to an early morning high $365.89 before falling to a low $364.80.

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

ETH/USD 17/10/20 Hourly Chart

For the day ahead

Ethereum would need to move through the 38.2% FIB and the $368.98 pivot to support a run at the first major resistance level at $376.59.

Support from the broader market would be needed, however, for Ethereum to break back through to $370 levels.

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

In the event of a breakout, Ethereum could visit $380 levels before any pullback. Ethereum would likely come up short of the second major resistance level at $387.60, however.

Failure to move through the 38.2% FIB and the $368.98 pivot would bring the first major support level at $357.97 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$350 levels. The second major support level at $350.36 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $357.97

Pivot Level: $368.98

First Major Resistance Level: $376.59

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin slid by 3.87% on Friday. Following on from a 0.46% fall on Thursday, Litecoin ended the day at $47.63.

A relatively bullish start to the day saw Litecoin rise to an early morning intraday high $49.9 before hitting reverse.

Falling short of the first major resistance level at $50.27, Litecoin slid to an early morning intraday low $45.64.

Litecoin fell through the day’s major support levels before a move back through to $47 levels.

The partial recovery saw Litecoin move back through the third major support level at $46.81.

At the time of writing, Litecoin was down by 0.31% to $47.48. A bearish start to the day saw Litecoin fall from an early morning high $47.67 to a low $47.48.

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

LTC/USD 17/10/20 Hourly Chart

For the day ahead

Litecoin would need to move through the $47.72 pivot to support a run at the first major resistance level at $49.81.

Support from the broader market would be needed, however, for Litecoin to break back through to $49 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $49.9 would likely cap any upside.

In the event of another breakout, Litecoin would likely test resistance at $51 before any pullback. The second major resistance level sits at $51.98.

Failure to move through the $47.72 pivot level would bring the first major support level at $45.55 into play.

Barring another extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $43.46.

Looking at the Technical Indicators

First Major Support Level: $45.55

Pivot Level: $47.72

First Major Resistance Level: $49.81

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP fell by 2.31% on Friday. Following on from a 1.23% decline on Thursday, Ripple’s XRP ended the day at $0.24017.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.24797 before hitting reverse.

Falling short of the first major resistance level at $0.2499, Ripple’s XRP slid to a late morning intraday low $0.23783.

Ripple’s XRP fell through the first major support level at $0.2425 and the second major support level at $0.2391.

Finding support in the late morning, Ripple’s XRP briefly revisited $0.2426 levels before falling back.

The first major support level at $0.2425 pinned Ripple’s XRP back on the day.

At the time of writing, Ripple’s XRP was flat at $0.24024, with no movement at the start of the day.

XRP/USD 17/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.2420 pivot to support a run at the first major resistance level at $0.2462.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2450 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $0.24797 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.2521 would likely come into play.

Failure to move through the $0.2420 pivot would bring the first major support level at $0.2360 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.23 levels. The second major support level at $0.2319 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.2360

Pivot Level: $0.2420

First Major Resistance Level: $0.2462

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob

The Crypto Daily – Movers and Shakers – October 16th, 2020

Bitcoin, BTC to USD, rose by 0.60% on Thursday. Following a 0.02% decline on Wednesday, Bitcoin ended the day at $11,509.0.

It was a bearish start to the day. Bitcoin fell to a late morning intraday low $11,277 before making a move.

The morning pullback saw Bitcoin fall through the first major support level at $11,311.

Finding support going into the afternoon, however, Bitcoin struck a late intraday high $11,632.

Bitcoin broke through the first major resistance level at $11,566 before falling back to sub-$11,500 levels.

Finding late support, however, Bitcoin broke back through to $11,500 levels to end the day in the green. Resistance at $11,500 continued to peg Bitcoin back, however.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 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.

Binance Coin (+1.69%), Bitcoin Cash ABC (+1.04%), and Bitcoin Cash SV (-0.14%) joined Bitcoin in the green.

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

Polkadot led the way down, falling by 3.00%.

Chainlink (-1.20%), and Ripple’s XRP (-1.23%) also struggled.

Cardano’s ADA (-0.36%), Crypto.com Coin (-0.29%), Ethereum (-0.28%), and Litecoin (-0.46%) saw relatively modest losses on the day.

In the current week, the crypto total market slid to a Monday low $344.29bn before rising to a Monday high $365.23bn. At the time of writing, the total market cap stood at $353.67bn.

Bitcoin’s dominance fell to a Monday low 59.47% before rising to a Thursday high 60.21%. At the time of writing, Bitcoin’s dominance stood at 60.19%.

This Morning

At the time of writing, Bitcoin was down by 0.06% to $11,502.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,489.0 before rising to a high $11,512.0.

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

Elsewhere, it was a mixed start to the day for the crypto majors.

Cardano’s ADA (-0.64%), Chainlink (-0.61%), Ethereum (-0.10%), Litecoin (-0.26%), Polkadot (-0.15%), and Ripple’s XRP (-0.09%) joined Bitcoin in the red.

At the time of writing, Binance Coin was up by 0.56% to lead the way. Bitcoin Cash SV (+0.19%) and Crypto.com Coin (+0.14%) also found early support.

BTC/USD 16/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,473 to bring the first major resistance level at $11,668 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,600 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $11,632.0 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,900 before any pullback. The second major resistance level sits at $11,828.

Failure to avoid a fall through the $11,473 pivot would bring the first major support level at $11,313 into play.

Barring an extended crypto sell-off, Bitcoin should to steer clear of the second major support level at $11,118.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 16th, 2020

Ethereum

Ethereum declined by 0.28% on Thursday. Following on from a 0.63% fall on Wednesday, Ethereum ended the day at $377.94.

It was another mixed start to the day. Ethereum rose to a mid-morning high $381.14 before hitting reverse.

Falling short of the major resistance levels, Ethereum fell to a late morning intraday low $370.06.

The pullback saw Ethereum fall through the first major support level before striking a late intraday high $381.99.

Falling short of the first major resistance level at $386.64, Ethereum fell back to sub-$379 levels and into the red.

At the time of writing, Ethereum was down by 0.34% to $376.65. A Bearish start to the day saw Ethereum fall from an early morning high $377.94 to a low $376.65.

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

ETH/USD 16/10/20 Hourly Chart

For the day ahead

Ethereum would need to move back through the $376.66 pivot to support a run at the first major resistance level at $383.27.

Support from the broader market would be needed, however, for Ethereum to break back through to $380 levels.

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

In the event of a breakout, Ethereum could test the second major resistance level at $388.59. Resistance at $390 would likely pin Ethereum back, however.

Failure to move back through the $376.66 pivot would bring the first major support level at $371.34 into play.

Barring another extended sell-off, however, Ethereum should continue to avoid the 38.2% FIB of $367. The second major support level sits at $364.73.

Looking at the Technical Indicators

First Major Support Level: $371.34

Pivot Level: $376.66

First Major Resistance Level: $383.27

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin fell by 0.46% on Thursday. Following on from a 0.24% loss on Wednesday, Litecoin ended the day at $49.58.

A relatively bullish start to the day saw Litecoin rise to a mid-morning intraday high $50.26 before hitting reverse.

Falling short of the first major resistance level at $50.82, Litecoin slid to a late morning intraday low $48.88.

Litecoin fell through the first major support level at $49.07 before revisiting $49.9 levels.

A bearish end to the day, however, saw Litecoin fall back to sub-$49.80 levels and into the red. Resistance at $50 had pinned Litecoin back late in the day.

At the time of writing, Litecoin was down by 0.42% to $49.37. A bearish start to the day saw Litecoin fall from an early morning high $49.55 to a low $49.37.

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

LTC/USD 16/10/20 Hourly Chart

For the day ahead

Litecoin would need to move through the $49.57 pivot to support a run at the first major resistance level at $50.27.

Support from the broader market would be needed, however, for Litecoin to break back through to $50 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $50.26 would likely cap any upside.

In the event of another breakout, Litecoin would likely test the second major resistance level at $50.95. Resistance at $51 would likely cap any upside, however.

Failure to move through the $49.57 pivot level would bring the first major support level at $48.89 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $48.19.

Looking at the Technical Indicators

First Major Support Level: $48.89

Pivot Level: $49.57

First Major Resistance Level: $50.27

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP fell by 1.23% on Thursday. Following on from a 2.83% slide on Wednesday, Ripple’s XRP ended the day at $0.24604.

It was a choppy start to the day. Ripple’s XRP recovered from an early dip to strike a mid-morning intraday high $0.25032 before hitting reverse.

Falling well short of the first major resistance level at $0.2566, Ripple’s XRP slid to an early afternoon intraday low $0.24294.

Ripple’s XRP fell through the first major support level at $0.2442 before revisiting $0.2480 levels.

A bearish end to the day, however, left Ripple’s XRP down at $0.2460 levels and in the red.

At the time of writing, Ripple’s XRP was down by 0.28% to $0.24536. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24586 to a low $0.24512.

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

XRP/USD 16/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.2464 pivot to support a run at the first major resistance level at $0.2499.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2490 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $0.25032 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.2538 would likely come into play.

Failure to move through the $0.2464 pivot would bring the first major support level at $0.2425 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.24 levels. The second major support level sits at $0.2391.

Looking at the Technical Indicators

First Major Support Level: $0.2425

Pivot Level: $0.2464

First Major Resistance Level: $0.2499

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 15th, 2020

Ethereum

Ethereum fell by 0.63% on Wednesday. Following on from a 1.40% decline on Tuesday, Ethereum ended the day at $378.97.

It was another mixed start to the day. Ethereum rose to an early morning high $385.5 before falling to a late morning low $378.01.

Steering clear of the major support and resistance levels, Ethereum rose to an early afternoon intraday high $387.63.

Falling short of the first major resistance level at $388.07, Ethereum fell to a late afternoon intraday low $373.29.

Ethereum fell through the first major support level at $374.48 before a partial recovery to end the day at $378 levels.

At the time of writing, Ethereum was down by 0.02% to $378.90. A mixed start to the day saw Ethereum rise to an early morning high $379.09 before falling to a low $378.38.

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

ETH/USD 15/10/20 Hourly Chart

For the day ahead

Ethereum would need to move through the $379.96 pivot to support a run at the first major resistance level at $386.64

Support from the broader market would be needed, however, for Ethereum to break back through to $385 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $387.63 would likely cap any upside.

In the event of a breakout, Ethereum could test the second major resistance level at $394.3. Resistance at $400 would likely pin Ethereum back, however.

Failure to move through the $379.96 pivot would bring the first major support level at $372.30 into play.

Barring another extended sell-off, however, Ethereum should avoid the 38.2% FIB and the second major support level at $365.62.

Looking at the Technical Indicators

First Major Support Level: $372.30

Pivot Level: $379.96

First Major Resistance Level: $386.64

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin fell by 0.24% on Wednesday. Following on from a 1.30% decline on Tuesday, Litecoin ended the day at $49.84.

A relatively bullish start to the day saw Litecoin rise to an early afternoon intraday high $51.04 before hitting reverse.

Litecoin broke through the first major resistance level at $50.82 before falling to a late afternoon intraday low $49.29.

Steering clear of the first major support level at $48.96 Litecoin recovered to end the day at $49.8 levels. Resistance at $50 pinned Litecoin back late in the day.

At the time of writing, Litecoin was down by 0.28% to $49.70. A bearish start to the day saw Litecoin fall from an early morning high $49.81 to a low $49.64.

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

LTC/USD 15/10/20 Hourly Chart

For the day ahead

Litecoin would need to move through the $50.06 pivot to support a run at the first major resistance level at $50.82.

Support from the broader market would be needed, however, for Litecoin to break out from $50.50 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $51.04 would likely cap any upside.

In the event of another breakout, Litecoin would likely test the second major resistance level at $51.81. Resistance at $52 would likely cap any upside, however.

Failure to move through the $50.06 pivot level would bring the first major support level at $49.07 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $48.31.

Looking at the Technical Indicators

First Major Support Level: $49.07

Pivot Level: $50.06

First Major Resistance Level: $50.82

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP slid by 2.83% on Wednesday. Reversing a 0.25% gain from Tuesday, Ripple’s XRP ended the day at $0.24937.

A mixed start to the day saw Ripple’s XRP rise to a late morning intraday high $0.25867 before hitting reverse.

Coming up against the first major resistance level at $0.2603, Ripple’s XRP slid to a late afternoon intraday low $0.24632.

Ripple’s XRP fell through the first major support level at $0.2529 and the second major support level at $0.2491.

A late move back through to $0.249 levels saw Ripple’s XRP move back through the second major support level.

At the time of writing, Ripple’s XRP was down by 0.20% to $0.24887. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24911 to a low $0.24883.

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

XRP/USD 15/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.2515 pivot to support a run at the first major resistance level at $0.2566.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.2550 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.25867 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.2638 would likely come into play.

Failure to move through the $0.2515 pivot would bring the first major support level at $0.2442 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.24 levels. The second major support level sits at $0.2391.

Looking at the Technical Indicators

First Major Support Level: $0.2442

Pivot Level: $0.2515

First Major Resistance Level: $0.2566

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob

The Crypto Daily – Movers and Shakers – October 14th, 2020

Bitcoin, BTC to USD, fell by 1.02% on Tuesday. Partially reversing a 1.55% gain from Monday, Bitcoin ended the day at $11,442.0.

It was a mixed start to the day. Bitcoin rose to a late morning intraday high $11,574.9 before hitting reverse.

Falling well short of the first major resistance level at $11,830, Bitcoin fell to an early afternoon intraday low $11,333.0.

Steering clear of the first major support level at $11,201 Bitcoin briefly revisited $11,470 levels before easing back.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 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.

Binance Coin (+0.26%), Bitcoin Cash ABC (+5.77%), Bitcoin Cash SV (+0.71%), and Ripple’s XRP (+0.25%) found support.

It was a bearish day for the rest of the majors. Chainlink and Crypto.com Coin slid by 3.84% and by 4.77% respectively to lead the way down.

Cardano’s ADA (-0.24%), Ethereum (-1.40%), Litecoin (-1.30%), and Polkadot (-0.35%) saw relatively modest losses on the day.

At the start of the week, the crypto total market slid to a Monday low $344.29bn before rising to a Monday high $365.23bn. At the time of writing, the total market cap stood at $355.63bn.

Bitcoin’s dominance rose to a Monday high 60.10% before falling to a Monday low 59.47%. At the time of writing, Bitcoin’s dominance stood at 59.66%.

This Morning

At the time of writing, Bitcoin was up by 0.22% to $11,467.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,427.0 before rising to a high $11,467.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Chainlink was up by 1.72% to lead the way.

BTC/USD 14/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $11,450 to bring the first major resistance level at $11,567 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,500 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $11,574.9 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The second major resistance level sits at $11,692.

Failure to avoid a fall back through the $11,450 pivot would bring the first major support level at $11,325 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,200 levels. The second major support level at $11,208 should limit any downside.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 14th, 2020

Ethereum

Ethereum fell by 1.40% on Tuesday. Partially reversing a 3.30% rally from Monday, Ethereum ended the day at $381.37.

It was a mixed start to the day. Ethereum rose to an early morning intraday high $387.88 before hitting reverse.

Falling short of the first major resistance level at $399.36, Ethereum fell to an early afternoon intraday low $374.29.

Steering clear of the first major support level at $369.95, Ethereum revisited $383 levels before easing back.

At the time of writing, Ethereum was down by 0.04% to $381.23. A mixed start to the day saw Ethereum rise to an early morning high $382.21 before falling to a low $380.56.

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

ETH/USD 14/10/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall back through the $381.18 pivot to support a run at the first major resistance level at $388.07.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $387.88.

Barring another extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Ethereum could test the second major resistance level at $394.77. Resistance at $400 would likely pin Ethereum back, however.

Failure to avoid a fall back through the $381.18 pivot would bring the first major support level at $374.48 into play.

Barring another extended sell-off, however, Ethereum should avoid the second major support level at $367.59 and the 38.2% FIB of $367.

Looking at the Technical Indicators

First Major Support Level: $374.48

Pivot Level: $381.18

First Major Resistance Level: $388.07

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin fell by 1.30% on Tuesday. Reversing a 0.28% gain from Monday, Litecoin ended the day at $49.94.

Tracking the broader market, Litecoin rose to an early morning intraday high $50.72 before hitting reverse.

Falling short of the first major resistance level at $51.68, Litecoin fell to an early afternoon intraday low $48.86.

Litecoin fell through the first major support level at $49.42 before a recovery to $50 levels.

A bearish end to the day, however, left Litecoin at sub-$50 at the day end.

At the time of writing, Litecoin was down by 0.04% to $49.92. A mixed start to the day saw Litecoin rise to an early morning high $49.97 before falling to a low $49.86.

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

LTC/USD 14/10/20 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $49.84 pivot to support a run at the first major resistance level at $50.82.

Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $50.72.

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

In the event of another breakout, Litecoin would likely test the second major resistance level at $51.70. Resistance at $52 would likely cap any upside, however.

Failure to avoid a fall through the $49.84 pivot level would bring the first major support level at $48.96 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $47.98.

Looking at the Technical Indicators

First Major Support Level: $48.96

Pivot Level: $49.84

First Major Resistance Level: $50.82

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 0.25% on Tuesday. Following on from a 0.30% gain on Monday, Ripple’s XRP ended the day at $0.25678.

A mixed start to the day saw Ripple’s XRP rise to a late morning intraday high $0.25998 before hitting reverse.

Coming up against the first major resistance level at $0.2601, Ripple’s XRP slid to an early afternoon intraday low $0.25261.

Steering clear of the first major support level at $0.2507, Ripple’s XRP recovered to $0.256 levels to end the day in the green.

At the time of writing, Ripple’s XRP was down by 0.35% to $0.25588. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.25662 to a low $0.25588.

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

XRP/USD 14/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.2565 pivot to support a run at the first major resistance level at $0.2603.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.25998.

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

In the event of an extended rally, the second major resistance level at $0.2638 would likely come into play.

Failure to move through the $0.2565 pivot would bring the first major support level at $0.2529 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.2450 levels. The second major support level at $0.2491 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.2529

Pivot Level: $0.2565

First Major Resistance Level: $0.2603

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 13th, 2020

Ethereum

Ethereum rallied by 3.30% on Monday. Following on from a 0.98% gain on Sunday, Ethereum ended the day at $386.74.

It was a mixed start to the day. Ethereum fell to a late morning intraday low $365.77 before making a move.

Falling through the first major support level at $369.77 and the 38.2% FIB of $367, Ethereum found support at the second major support level at $365.16.

Rebounding through the afternoon, Ethereum rallied to a late intraday high $395.18.

Ethereum broke through the day’s major resistance levels before a late pullback to sub-$390 levels. The late pullback saw Ethereum fall back through the third major resistance level at $390.57.

At the time of writing, Ethereum was down by 0.16% to $386.11. A mixed start to the day saw Ethereum rise to an early morning high $387.88 before falling to a low $385.85.

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

ETH/USD 13/10/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $382.56 pivot to support a run at the first major resistance level at $399.36.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $395.18.

Barring another extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Ethereum could test the second major resistance level at $411.97.

Failure to avoid a fall through the $382.56 pivot would bring the first major support level at $369.95 into play.

Barring another extended sell-off, however, Ethereum should avoid the second major support level at $353.15. The 38.2% FIB of $367 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $369.95

Pivot Level: $382.56

First Major Resistance Level: $399.36

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin rose by 0.28% on Monday. Following a 3.32% rally on Sunday, Litecoin ended the day at $50.61.

Tracking the broader market, Litecoin fell to a late morning intraday low $49.29 before making a move.

Steering clear of the first major support level at $49.04, Litecoin rallied to a late intraday high $51.55.

Coming up against the first major resistance level at $51.58, Litecoin fell back to end the day at sub-$51 levels.

At the time of writing, Litecoin was down by 0.91% to $50.15. A mixed start to the day saw Litecoin rise to an early morning high $50.72 before sliding to a low $50.09.

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

LTC/USD 13/10/20 Hourly Chart

For the day ahead

Litecoin would need to move back through the $50.48 pivot to support a run at the first major resistance level at $51.68.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $51.55.

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

In the event of another breakout, Litecoin would likely test the second major resistance level at $52.74.

Failure to move back through the $50.48 pivot level would bring the first major support level at $49.42 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $48.22.

Looking at the Technical Indicators

First Major Support Level: $49.42

Pivot Level: $50.48

First Major Resistance Level: $51.68

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 0.30% on Monday. Partially reversing a 0.54% gain from Sunday, Ripple’s XRP ended the day at $0.25622.

A bearish start to the day saw Ripple’s XRP slide to a late morning intraday low $0.24900 before making a move.

Ripple’s XRP fell through the first major support level at $0.2532 and the second major support level at $0.2510.

The visit to sub-$0.25 levels was brief, however. Ripple’s XRP rallied to a late intraday high $0.25843 before easing back.

Ripple’s XRP came up against the first major resistance level at $0.2581 before easing back to sub-$0.0255 levels.

Finding late support, however, Ripple’s XRP moved back through to $0.256 levels to deliver the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.29% to $0.25548. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.25615 to a low $0.25528.

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

XRP/USD 13/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2546 pivot to support a run at the first major resistance level at $0.2601.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.25843.

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

In the event of an extended rally, the second major resistance level at $0.2640 would likely come into play.

Failure to avoid a fall through the $0.2546 pivot would bring the first major support level at $0.2507 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.24 levels. The second major support level at $0.2451 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.2507

Pivot Level: $0.2546

First Major Resistance Level: $0.2601

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob

The Crypto Daily – The Movers and Shakers – October 12th, 2020

Bitcoin, BTC to USD, rose by 0.68% on Sunday. Following on from a 2.14% rally on Saturday, Bitcoin ended the week up by 6.53% to $11,385.0.

It was a bullish start to the day. Bitcoin rose to a mid-afternoon intraday high $11,451.0 before easing back.

Falling short of the first major resistance level at $11,518, Bitcoin fell to a late intraday low $11,279.5.

Steering well clear of the first major support level at $11,084, Bitcoin briefly moved back through to $11,400 levels before easing back. The late recovery delivered the upside on the day.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 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.

Crypto.com Coin (-0.51%) and Polkadot (-0.80%) bucked the trend on the day.

It was a bullish day for the rest of the majors, with Chainlink and Litecoin rallying by 3.33% and by 3.32% to lead the way.

Binance Coin (+0.46%), Bitcoin Cash ABC (+0.48%), Bitcoin Cash SV (+0.26%), Cardano’s ADA (+1.61%), Ethereum (0.98%), and Ripple’s XRP (+0.54%) also joined Bitcoin in the green.

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

Binance Coin (-1.52%) and Polkadot (-4.49%) saw red for the week.

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

Cardano’s ADA (+10.15%) and Chainlink (+15.7%) led the way, with Bitcoin Cash ABC (+7.47%) and Litecoin (+8.07%) also seeing solid gains.

Bitcoin Cash SV (+6.21%), Crypto.com Coin (+5.09%), Ethereum (+6.23%), and Ripple’s XRP (+3.07%), trailed the front runners.

In the week, the crypto total market slid to a Wednesday low $322.55bn before rising to a Saturday high $357.46bn. At the time of writing, the total market cap stood at $351.25bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 59.95%.

This Morning

At the time of writing, Bitcoin was down by 0.01% to $11,384.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,388.0 before falling to a low $11,360.0

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+1.25%) and Bitcoin Cash SV (+0.30%) bucked the trend early on.

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

At the time of writing, Chainlink was down by 1.43% to lead the way down.

BTC/USD 12/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,372 to bring the first major resistance level at $11,464 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,400 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $11,451 would likely cap any upside.

In the event of another crypto breakout, Bitcoin could test resistance at $11,500 and the second major resistance level at $11,543.

Failure to avoid a fall through the $11,372 pivot would bring the first major support level at $11,293 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,200 levels. The second major support level sits at $11,200.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 12th, 2020

Ethereum

Ethereum rose by 0.98% on Sunday. Following on from a 1.48% gain on Saturday, Ethereum ended the week up by 6.23% to $374.38.

A bearish start to the day saw Ethereum fall to an early morning intraday low $369.02 before making a move.

Steering clear of the 37.2% FIB of $367 and the first major support level at $363.58, Ethereum rallied to a late morning intraday high $377.49.

Falling short of the first major resistance level at $379.37, Ethereum slipped back to end the day at $374 levels.

At the time of writing, Ethereum was down by 0.10% to $374.02. A Bearish start to the day saw Ethereum fall from an early morning high $348.38 to a low $373.80.

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

ETH/USD 12/10/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $373.63 pivot to support a run at the first major resistance level at $378.24.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $377.49.

Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Ethereum could test resistance at $380 before any pullback. The second major resistance level sits at $382.24.

Failure to avoid a fall through the $373.63 pivot would bring the first major support level at $369.77 and the 38.2% FIB into play.

Barring another extended sell-off, however, Ethereum should continue to avoid sub-$360 levels. The second major support level at $365.16 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $369.77

Pivot Level: $373.63

First Major Resistance Level: $378.24

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin rallied by 3.32% on Sunday. Following on from a 2.26% gain on Saturday, Litecoin ended the week up by 8.07% to $50.48.

Tracking the broader market, Litecoin slipped to an early morning intraday low $48.71 before making a move.

Steering clear of the first major support level at $47.65, Litecoin rallied to a late afternoon intraday high $51.25.

Litecoin broke through the first major resistance level at $50.32 before falling back to sub-$50 levels.

Finding late support, however, Litecoin broke back through to $50 levels to deliver the upside on the day.

At the time of writing, Litecoin was down by 0.38% to $50.29. A bearish start to the day saw Litecoin fall from an early morning high $50.47 to a low $50.24.

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

LTC/USD 12/10/20 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $50.15 pivot to support a run at the first major resistance level at $51.58.

Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $51.25.

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

In the event of another breakout, Litecoin would likely test the second major resistance level at $52.69.

Failure to avoid a fall through the $50.15 pivot level would bring the first major support level at $49.04 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $47.61.

Looking at the Technical Indicators

First Major Support Level: $49.04

Pivot Level: $50.15

First Major Resistance Level: $51.58

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 0.54% on Sunday. Following on from a 0.36% gain on Saturday, Ripple’s XRP ended the week up by 3.07% to $0.25549.

It was also a bearish start to the day. Ripple’s XRP fell to an early morning intraday low $0.25354 before making a move.

Steering clear of the first major support level at $0.2513, Ripple’s XRP rose to a late morning intraday high $0.25837.

Ripple’s XRP came up against the first major resistance level at $0.2586 before easing back to sub-$0.0254 levels.

Finding late support, however, Ripple’s XRP moved back through to $0.255 levels to deliver the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.06% to $0.25533. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.25571 before falling to a low $0.25533.

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

XRP/USD 12/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to move back through the $0.2558 pivot to support a run at the first major resistance level at $0.2581.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2580 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.25837 would likely cap any upside.

In the event of an extended rally, the second major resistance level at $0.2606 would likely come into play.

Failure to move back through the $0.2558 pivot would bring the first major support level at $0.2532 into play.

Barring an extended crypto sell-off, Ripple’s XRP should continue to steer clear of sub-$0.25 levels. The second major support level at $0.2510 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.2532

Pivot Level: $0.2558

First Major Resistance Level: $0.2581

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob

The Crypto Daily – Movers and Shakers – October 11th, 2020

Bitcoin, BTC to USD, rallied by 2.14% on Saturday. Following on from a 1.17% gain on Friday, Bitcoin ended the day at $11,308.0

It was a bullish start to the day. Bitcoin rallied from an intraday low $11,071.0 to an early morning intraday high $11,505.0.

Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $11,186 and the second major resistance level at $11,300.

Hitting resistance at $11,500, Bitcoin fell back to sub-$11,300 levels before finding support in the afternoon.

A move back through to $11,400 levels was brief, however, with Bitcoin falling back to end the day at $11,300 levels.

The second major resistance level at $11,300 delivered support late in the day.

The near-term bullish trend remained intact, supported by the latest move back through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA rallied by 3.65% to lead the way. Crypto.com Coin (+2.10%) and Litecoin (+2.26%) weren’t far behind.

Bitcoin Cash ABC (+0.53%), Bitcoin Cash SV (+1.47%), Chainlink (+1.01%), Ethereum (1.48%), and Ripple’s XRP (+0.36%) also joined Bitcoin in the green.

Binance Coin (-0.04%) and Polkadot (-2.33%) bucked the trend on the day, however.

In the current week, the crypto total market slid to a Wednesday low $322.55bn before rising to a Saturday high $357.46bn. At the time of writing, the total market cap stood at $350.08bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 60.04%.

This Morning

At the time of writing, Bitcoin was up by 0.49% to $11,363.0. It was a mixed start to the day. Bitcoin fell to an early morning low $11,297.0 before striking a high $11,402.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.83%), Bitcoin Cash ABC (-0.39%), Crypto.com Coin (-0.39%), Chainlink (-1.14%), and Polkadot (-0.88%) 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 1.16% to lead the way.

BTC/USD 11/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,295 to bring the first major resistance level at $11,518 into play.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,500 levels.

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

In the event of another crypto breakout, Bitcoin could test resistance at $11,700 and the second major resistance level at $11,729.

Failure to avoid a fall through the $11,295 pivot would bring the first major support level at $11,084 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$11,000 levels. The second major support level sits at $10,861.

The Crypto Daily – Movers and Shakers – October 10th, 2020

Bitcoin, BTC to USD, rose by 1.17% on Friday. Following on from a 2.39% rally on Thursday, Bitcoin ended the day at $11,071.0

It was another bearish start to the day. Bitcoin fell to a mid-morning intraday low $10,853.1 before making a move.

Steering clear of the first major support level at $10,666, Bitcoin rallied to a late morning intraday high $11,134.0.

Bitcoin broke through the first major resistance level at $11,096 to visit $11,100 levels before easing back. It was Bitcoin’s first close out at $11,000 levels since 20th September.

The near-term bullish trend remained intact, in spite of the recent pullback to sub-$11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Cardano’s ADA (+5.05%) and Chainlink (+8.89%) led the way.

Binance Coin (+2.31%), Ethereum (4.04%), and Polkadot (+2.39%) weren’t far behind.

Bitcoin Cash ABC (+1.47%), Bitcoin Cash SV (+1.79%), Crypto.com Coin (+0.86%), Litecoin (+1.23%), and Ripple’s XRP (+0.68%) trailed the pack, however.

In the current week, the crypto total market slid to a Wednesday low $322.55bn before rising to a Friday high $346.22bn. At the time of writing, the total market cap stood at $344.02bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 59.62%.

This Morning

At the time of writing, Bitcoin was up by 0.22% to $11,095.8. A bullish start to the day saw Bitcoin rise from an early morning low $11,071.0 to a high $11,111.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin was down by 0.26% to buck the trend early in the day.

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

At the time of writing, Cardano’s ADA was up by 2.29% to lead the way.

BTC/USD 10/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $11,019 to bring the first major resistance level at $11,186 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $11,134.0.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,300.

Failure to avoid a fall through the $11,019 pivot would bring the first major support level at $10,905 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,800 levels. The second major support level sits at $10,739.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 10th, 2020

Ethereum

Ethereum rallied by 4.04% on Friday. Following on from a 2.79% gain on Thursday, Ethereum ended the day at $365.36.

A bearish start to the day saw Ethereum fall to a mid-morning intraday low $347.15 before making a move.

Steering clear of the first major support level at $339.25 Ethereum rallied to a late afternoon high $366.50.

Ethereum broke through the first major resistance level at $358.3 and the second major resistance level at $365.34.

A late pullback saw Ethereum briefly fall back through the second major resistance level before hitting a late intraday high $368.55.

The late rally saw Ethereum break through the 38.2% FIB of $367 before easing back to wrap up the day at $365 levels.

At the time of writing, Ethereum was down by 0.01% to $365.31. A mixed start to the day saw Ethereum fall to an early morning low $365.02 before rising to a high $365.87.

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

ETH/USD 10/10/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $360.35 pivot to support a run at the first major resistance level at $373.56.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $368.55.

Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Ethereum could test resistance at $380 before any pullback. The second major resistance level sits at $381.75.

Failure to avoid a fall through the $360.35 pivot would bring the first major support level at $352.16 into play.

Barring another extended sell-off, however, Ethereum should continue to avoid sub-$350 levels. The second major support level sits at $338.95.

Looking at the Technical Indicators

First Major Support Level: $352.16

Pivot Level: $360.35

First Major Resistance Level: $373.56

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin rose by 1.23% on Friday. Following on from a 1.50% gain on Thursday, Litecoin ended the day at $47.82.

Tracking the broader market, Litecoin fell to a mid-morning intraday low $46.61 before making a move.

Steering clear of the first major support level at $46.01, Litecoin rallied to a late afternoon intraday high $48.22.

Litecoin broke through the first major resistance level at $48.00 before falling back to $47.5 levels.

Finding late support, however, Litecoin retested the first major resistance level before wrapping up the day at $47.8 levels.

At the time of writing, Litecoin was up by 0.04% to $47.84. A range-bound start to the day saw Litecoin fall to an early morning low $47.81 before rising to a high $47.88.

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

LTC/USD 10/10/20 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $47.55 pivot to support a run at the first major resistance level at $48.49.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $48.22.

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

In the event of another breakout, Litecoin would likely test resistance at $49 and the second major resistance level at $49.16.

Failure to avoid a fall through the $47.55 pivot level would bring the first major support level at $46.88 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$46 levels. The second major support level sits at $45.94.

Looking at the Technical Indicators

First Major Support Level: $46.88

Pivot Level: $47.55

First Major Resistance Level: $48.49

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 0.68% on Friday. Following on from a 1.01% gain on Thursday, Ripple’s XRP ended the day at $0.25314.

It was also a bearish start to the day. Ripple’s XRP fell to a mid-morning intraday low $0.24848 before making a move.

Steering clear of the first major support level at $0.2448, Ripple’s XRP rose to a late morning intraday high $0.25653.

Ripple’s XRP broke through the first major resistance level at $0.2556 before a pullback to sub-$0.25 levels.

Finding late support, however, Ripple’s XRP moved back through to $0.253 levels to end the day in the green.

At the time of writing, Ripple’s XRP was up by 0.09% to $0.25336. A range-bound start to the day saw Ripple’s XRP fall to an early morning low $0.25313 before rising to a high $0.25336.

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

XRP/USD 10/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2527 pivot to support a run at the first major resistance level at $0.2570.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.25653.

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

In the event of an extended rally, the second major resistance level at $0.2608 would likely come into play.

Failure to avoid a fall through the $0.2527 pivot would bring the first major support level at $0.2489 into play.

Barring an extended crypto sell-off, Ripple’s XRP should continue to steer clear of sub-$0.24 levels. The second major support level sits at $0.2447.

Looking at the Technical Indicators

First Major Support Level: $0.2489

Pivot Level: $0.2427

First Major Resistance Level: $0.2570

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob

The Crypto Daily – Movers and Shakers – October 9th, 2020

Bitcoin, BTC to USD, rallied by 2.39% on Thursday. Following on from a 0.70% gain on Wednesday, Bitcoin ended the day at $10,943.0.

It was a bearish start to the day. Bitcoin fell to an early morning intraday low $10,541.0 before making a move.

The reversal saw Bitcoin fall through the first major support level at $10,603.

Supported by a broad-based crypto rebound, however, Bitcoin rallied to a late afternoon intraday high $10,971.0.

Bitcoin broke through the day’s major resistance levels to wrap up the day at $10,900 levels.

The near-term bullish trend remained intact, in spite of the pullback to sub-$11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

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

Chainlink (+6.18%) and Polkadot (+4.16%) led the way.

Bitcoin Cash ABC (+2.84%), Cardano’s ADA (+2.75%), and Ethereum (+2.79%) weren’t far behind.

Binance Coin (+0.07%), Bitcoin Cash SV (+0.70%), Crypto.com Coin (+1.97%), Litecoin (+1.50%), and Ripple’s XRP (+1.01%) trailed the pack, however.

In the current week, the crypto total market slid to a Wednesday low $322.55bn before rising to a Thursday high $339.24bn. At the time of writing, the total market cap stood at $334.78bn.

Bitcoin’s dominance fell to a Monday low 59.15% before rising to a Tuesday high 61.29%. At the time of writing, Bitcoin’s dominance stood at 60.12%.

This Morning

At the time of writing, Bitcoin was down by 0.50% to $10,888.6. A mixed start to the day saw Bitcoin rise to an early morning high $10,959.0 before falling to a low $10,885.0.

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

Elsewhere, it was also a bearish start to the day for the broader market.

At the time of writing, Chainlink was down by1.31% to lead the way down.

BTC/USD 09/10/20 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $10,818 to bring the first major resistance level at $11,096 into play.

Support from the broader market would be needed, however, for Bitcoin to break through to $11,000 levels.

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

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $11,248 and resistance at $11,300.

Failure to avoid a fall through the $10,818 pivot would bring the first major support level at $10,666 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,800 levels. The second major support level sits at $10,388.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 9th, 2020

Ethereum

Ethereum rose by 2.79% on Thursday. Following on from a 0.26% gain on Wednesday, Ethereum ended the day at $351.25.

A bearish start to the day saw Ethereum slide to a late morning intraday low $334.29 before making a move.

Ethereum fell through the first major support level at $335.42 before rallying to a late intraday high $353.34.

The rally saw Ethereum break through the first major resistance level at $345.38 and the second major resistance level at $349.09.

A late pullback saw Ethereum briefly dip to sub-$350 before wrapping up the day at $351 levels. The second major resistance level delivered support late in the day.

At the time of writing, Ethereum was down by 0.08% to $350.97. A mixed start to the day saw Ethereum fall to an early morning low $350.41 before rising to a high $351.47.

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

ETH/USD 09/10/20 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $346.29 pivot to support a run at the first major resistance level at $358.30.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $353.34.

Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, the second major resistance level at $365.34 would likely come into play.

Failure to avoid a fall through the $346.29 pivot would bring the first major support level at $339.25 into play.

Barring another extended sell-off, however, Ethereum should continue to avoid sub-$330 levels. The second major support level sits at $327.24.

Looking at the Technical Indicators

First Major Support Level: $339.25

Pivot Level: $346.29

First Major Resistance Level: $358.30

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Litecoin

Litecoin rose by 1.50% on Thursday. Following on from a 1.22% gain on Wednesday, Litecoin ended the day at $47.26.

Tracking the broader market, Litecoin slid to a late morning intraday low $45.50 before making a move.

Steering clear of the first major support level at $45.43, Litecoin rallied to a late afternoon intraday high $47.49.

Litecoin broke through the first major resistance level at $47.32 before falling back to sub-$47 levels.

Finding late support, however, Litecoin moved back to $47 levels to deliver the upside for the day. The first major resistance level pinned Litecoin back late in the day.

At the time of writing, Litecoin was down by 0.19% to $47.17. A mixed start to the day saw Litecoin rise to an early morning high $47.27 before falling to a low $47.13.

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

LTC/USD 09/10/20 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $46.75 pivot to support a run at the first major resistance level at $48.00.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $47.49.

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

In the event of another breakout, Litecoin could test the second major resistance level at $48.74.

Failure to avoid a fall through the $46.75 pivot level would bring the first major support level at $46.01 into play.

Barring another extended sell-off on the day, however, Litecoin should steer clear of sub-$45 levels. The second major support level sits at $44.76.

Looking at the Technical Indicators

First Major Support Level: $46.01

Pivot Level: $46.75

First Major Resistance Level: $48.00

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 1.01% on Thursday. Following a 1.31% gain on Wednesday, Ripple’s XRP ended the day at $0.25145.

It was also a bearish start to the day. Ripple’s XRP fell to a late morning intraday low $0.24225 before making a move.

Finding support at the first major support level at $0.2428, Ripple’s XRP rose to a late intraday high $0.25300.

Coming up against the first major resistance level at $0.2530, Ripple’s XRP eased back to end the day at sub-$0.2514 levels.

At the time of writing, Ripple’s XRP was up by 0.11% to $0.25173. A relatively bullish start to the day saw Ripple’s XRP rise from an early morning low $0.25142 to a high $0.25192.

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

XRP/USD 09/10/20 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.2489 pivot to support a run at the first major resistance level at $0.2556.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $0.25300.

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

In the event of an extended rally, the second major resistance level at $0.2597 would likely come into play. Resistance at $0.26 would likely pin Ripple’s XRP back, however.

Failure to avoid a fall through the $0.2489 pivot would bring the first major support level at $0.2448 into play.

Barring another extended crypto sell-off, Ripple’s XRP should continue to steer clear of sub-$0.24 levels. The second major support level sits at $0.2382.

Looking at the Technical Indicators

First Major Support Level: $0.2448

Pivot Level: $0.2489

First Major Resistance Level: $0.2556

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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

Thanks, Bob