Ethereum
Ethereum had a mixed day on Thursday. By the end of the day, it was down by 3.9%.
Ethereum started the day bullish, a continuation of the momentum that had built up in late Wednesday trading.
Just before daybreak, bulls pushed Ethereum through the 38.2% Fibonacci resistance at $4304.49.
However, this momentum was short-lived. With bears taking control in the broader market, Ethereum slipped back through the 38.2% Fibonacci.
The selloff accelerated, and by early afternoon, Ethereum had pushed through the 23.6% Fibonacci support at $4371.81.
By early evening, the selloff was so heavy that Ethereum hit the multi-month support at $3957.06.
It made a minor bounce off this support towards the end of the day, but bearish momentum proved to be too strong.
Bears retook control, and by the end of the day, Ethereum was trending back to the multi-month support at $3957.06.
Ethereum started Friday trading bearish but bounced off the multi-month support by hour two of the day.
It bounced off it and has been gaining upside momentum all through the morning. At the time of going to press, Ethereum was trading at $4079.19, a key 24-hour resistance level.
A glance at the day ahead
In the day, the key levels to watch are the intra-day resistance at $4079.19, and the multi-month support at $3957.06.
If bulls take control and push Ethereum through the intra-day resistance at $4079.19, the next key level to watch would be the 23.6% Fibonacci resistance at $4171.83.
If this resistance is broken, then prices above $4200 could be seen today, or in the course of the weekend.
On the other hand, if bears take control, and breach the multi-month support at $3957.06, it would be an indicator that bears are firmly in control.
In such a scenario, prices below $3800 could be seen in the day, or in the course of the weekend.
However, if volumes drop, Ethereum could trade between the intra-day resistance at $4079.19 and the multi-month support at $3957.06.
A glance at the technicals
Key resistance: Intraday resistance at $4079.19
Key support: Multi-month support at $3957.06
Litecoin
Litecoin started Thursday trading bearish. By the end of the day, it was down by 6%.
Litecoin started Thursday trading bullish after bears appeared to be losing momentum in late Wednesday trading.
However, in just two hours, bears were back in control. Bears retained control until daybreak when Litecoin breached the 23.6% Fibonacci support at $222.08.
However, the selloff eased off at the 23.6% Fib support, and bulls retook control. Bulls managed to push Litecoin back through the 23.6% Fib, but this momentum was short-lived.
With the broader market bearish, Litecoin crashed back through the 23.6% Fibonacci, and by early evening, had tested the multi-month support at $199.44.
Litecoin bounced off this support and was in the green, albeit with low volumes, for the rest of the evening.
Litecoin started Friday trading bearish, following a weak bullish pullback in late Thursday trading.
At the time of going to press, Litecoin was trending towards multi-month support at $199.44.
A glance at the day ahead
In the day, the key levels to watch are the 23.6% Fibonacci resistance at $222.08, and the multi-month support at $199.44.
If bulls take control and push Litecoin through the 23.6% Fibonacci resistance at $222.08, the next key level to watch would be the 38.2% Fibonacci resistance at $235.97.
If this resistance is broken, then prices above $240 could be seen today, or in the course of the weekend.
On the other hand, if bears take control, and breach the multi-month support at $199.44, it would be an indicator that bears are firmly in control.
In such a scenario, prices below $195 could be seen in the day, or in the course of the weekend.
However, if volumes drop, Litecoin could trade between the 23.6% Fibonacci resistance at $222.08, and the multi-month support at $199.44.
A glance at the technicals
Key resistance: 23.6% Fibonacci at $222.08
Key support: Multi-month support at $199.44
Ripple XRP
Ripple XRP was bearish for the better of Thursday. By the end of the day, it was down by 6.1%.
XRP started Thursday bullish, after the 23.6% Fibonacci support at $1.09418 held in late Wednesday trading.
Bulls were in control for the better of the morning, and just before daybreak, XRP pushed through the 38.2% Fibonacci resistance at $1.14290.
However, bulls could not sustain momentum above this resistance level. With bearish momentum on the rise in the broader market, XRP crashed through the 23.6% Fibonacci support at $1.09418 by daybreak.
The selloff continued until early evening when XRP hit the multi-month support at $1.01608.
It bounced off this support and was making minor gains until the end of the day.
XRP started Friday trading bearish after bulls lost momentum in the last hour of Thursday trading.
At daybreak, XRP retested the multi-month support and bounced off it. At the time of going to press, XRP was still in the green, but volumes were low.
A glance at the day ahead
In the day, the key levels to watch are the 23.6% Fibonacci resistance at $1.09418, and the multi-month support at $1.01608.
If bulls take control and push XRP through the 23.6% Fibonacci resistance at $1.09418, the next key level to watch would be the 38.2% Fibonacci resistance at $1.14290.
If this resistance is broken, then prices above $1.16 could be seen today, or in the course of the weekend.
On the other hand, if bears take control, and breach the multi-month support at $1.01608, it would be an indicator that bears are firmly in control.
In such a scenario, prices below $1 could be seen in the day, or in the course of the weekend.
However, if volumes drop, XRP could trade between the 23.6% Fib resistance at $1.09418 and the multi-month support at $1.01608.
A glance at the technicals
Key resistance: 23.6% Fibonacci at $1.09418
Key support: Multi-month support at $1.01608