After Thursday and Wednesday’s gains, the digital coins would test their critical supports if they fail to hold the day’s pivot zones.
Thursday’s market positivity had Ethereum rising by 1.43%. The altcoin traded at $2,024.75 towards the end of the day after consolidating the 11.74% increased from Wednesday.
After fluctuating morning sessions, ETH declined to $1,948.68, a mid-day low before registering price moves.
Ethereum rallied to $2,045.74 in the afternoon after conquering the first vital support at $1,823.
The leading altcoin declined to the sub-$2,000 zones after failure to overcome the first critical resistance at $2,102.
While writing this, Ethereum stands at $2,026.79 after a 0.10% increase. However, an unpredictable morning had ETH rising to $2,032.00 before dropping to $2,014.94 lows.
Ethereum did not test its crucial resistance and support levels earlier on.
The Day Ahead
To test the crucial resistance at $2,065, ETH will have to avoid the pivot at $2,007.
For now, the asset awaits the broader market support to breaking $2,046.74, Thursday’s highs.
Excluding continuous rallies, the coin will have its upside moves capped by the first critical resistance. Meanwhile, a crypto rally will have the asset testing the $2,150 resistance before experiencing pullbacks. The second vital resistance lies at $2,105.
- First vital support zone – $1,967
- First vital resistance level – $2,065
- Pivot level – $2,007
- 6% Fibonacci retracement level – $3,369
- 2% Fibonacci retracement level – $2,740
- 62% Fibonacci retracement level $1,725
On Thursday, Litecoin increased by 2.44%. After Wednesday’s 9.66% rally, the crypto ended its trading day near $120.74. A bearish Thursday saw LTC falling to $115.63 in the early morning before price movements.
The coin surged to $122.10 in the late afternoon after overcoming the first vital resistance at $109.
While writing this, LTC declined to $120.02 after losing 0.60%. Meanwhile, Litecoin rose to $121.01 on Friday morning before dropping to $119.65 lows. Keep in mind that the altcoin did not test its critical resistance and support levels.
For now, LTC needs to prevent the pivot at $120 to test its critical resistance at $123.
- First vital support level – $117
- First crucial resistance level – 4123
- Pivot level – $120
- 6% Fibonacci retracement – $178
- 2% Fibonacci retracement – $223
- 62% Fibonacci retracement level – $296