Last week was another bullish seven days for the second, third, and fifth cryptocurrencies by market cap as they all recorded gains. Here are the top resistance and support to watch out for as the week comes to an end.
Ethereum (ETH)
S1; $580 R1; $600
S2; $570 R2; $610
S3; $560 R3; $620
Every support and resistance level outlined above can and will flip if the conditions are right. The $580 support is the weakest of all the support outlined above and may flip if all the current market conditions remain the same.
Judging by Moving Average (MA), Ether may break the $580 and $570 support today or in a few days to come. The $560 is the only long-term support.
After $590, $600 resistance level is the next force to reckon with as they struggle to break and stay above this resistance level is always epic. Given the current struggle between bears and bulls, all the outlined resistance may not flip any time soon with bears edging forward.
Ripple (XRP)
S1; $0.45 R1; $0.47
S2; $0.44 R2; $0.48
S3; $0.43 R3; $0.49
XRP is slightly bearish as prices are gradually on the decline. As a result of the bearish sentiment, the $0.45 support may flip. The $0.44 is next and may flip if market conditions don’t change. For now, the $0.43 support level is the only long-term support level and will flip soon if the current bearish momentum becomes extreme.
At the time of writing, XRP is moving around $0.46. If traders rally the current market, the coin can pump and flip the $0.47 resistance level. Given the same momentum, the $0.48 resistance will also flip, as well as the $0.47 resistance level.
Litecoin (LTC)
S1; $78 R1; $81
S2; $76 R2; $83
S3; $74 R3; $85
RSI on the daily chart is on the decline, which translates to the fact that LTC will experience more price decline. More price decline will mean that more support levels will flip. One of such is the $78 that may flip today. The $76 and $74 resistance levels will hold-on for much longer. If the current market sentiment becomes more bullish, resistance levels such as the $81 and $83 will flip.
