It’s a bearish start to the day for the majors. Failure to move through the day’s pivot levels would bring support levels into play.
Ethereum fell by 2.74% on Sunday. Following on from a 3.35% slide on Saturday, Ethereum ended the week down by 1.33% to $448.58. It was a mixed start to the day. Ethereum rose to an early morning intraday high $463.24 before hitting reverse.
Falling short of the first major resistance level at $475.38, Ethereum fell to a late intraday low $439.77.Ethereum would need to move through the pivot level at $450.53 to support a run at the first major resistance level at $461.29.
Support from the broader market would be needed, however, for Ethereum to break back through to $460 levels.
Litecoin fell by 2.38% on Sunday. Following on from a 3.27% slide on Saturday, Litecoin ended the week up by 2.26% to $62.37.
It was also a mixed start to the day. Litecoin rose to an early morning intraday high $64.50 before hitting reverse.
Falling short of the first major resistance level at $66.21, Litecoin fell to a late intraday low $61.08. Litecoin would need to move through the $62.65 pivot to support a run at the first major resistance level at $64.22.
Support from the broader market would be needed, however, for Litecoin to break back through to $64 levels.
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