After the broad-based cryptocurrency rally on Friday, top digital currencies will have to avoid critical pivot zones to affirm added upticks.
Friday’s sessions saw Ethereum rallying by 9.10%. With the positive mood that the crypto space depicted, ETH managed to reverse the 3.64% Thursday losses to end the trading day at around $3,324.51.
As usual, Friday started with mixed sessions. That way, ETH dropped during the early morning, trading at $3,034.52 lows before upside reactions.
The world’s favorite altcoin climbed to a late high of $3,330 after ETH managed to avoid $2,938, its initial support.
The price actions had the altcoin breaking the resistance at $3,198, ending its day at $3,300 price levels.
While writing these updates, ETH lost 0.26% to stand at $3,315.85. Meanwhile, the early market reactions had the asset falling to $3,285.92 before climbing to a $3,328.97 high.
For the coming sessions today, ETH has to avoid the pivot around $3,230 to test the 23.6% Fibonacci at $3,369. With that, the crypto would engage the initial resistance near $3,425. The correct upside catalysts are essential for such price reactions.
Also read:Technical Indicators
- Initial massive support – $3,129
- Pivot level – $3,230
- Initial massive resistance – $3,425
- 23.6% Fibonacci retracement – $3,369
- 38.2% Fibonacci retracement – $2,740
- 62% Fibonacci retracement – $1,725
The mixed Friday session had LTC gaining by 10.81% to reverse Thursday’s 3.05% plunges. That way, the alternative asset traded around $183.42 towards the end of the day.
Meanwhile, Litecoin climbed a $184.70 after keeping away from the initial support at $158.
The crypto managed to break $177, the initial resistance, and the 23.6% Fibonacci of $178, ending its day at the $183 price levels.
While writing this, LTC trades at $183.97 after 0.30% upticks. Meanwhile, fluctuating early sessions had LTC falling to $181.51 before climbing to $185.11 highs.
The alternative asset left its critical resistance and support zones untested.
However, LTC has to dodge the pivot at $177 and 23.6% Fibonacci to test its initial resistance near $191. The broader market responses will detect LTC’s next moves
Technical Indicators
- Initial support – $170
- Pivot level – $177
- Initial resistance – 4191
- 23.6% Fibonacci retracement – $178
- 38.2% Fibonacci retracement – $223
- 62% Fibonacci retracement – $296
We are ready to respond to your thoughts. Comment below.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.