Cryptocurrencies

Litecoin fell by 0.09% Wednesday. What about Ethereum?

The Crypto market fluctuated during Wednesday’s session. Litecoin declined slightly, while Ethereum managed to gain. Overall, it was a mixed day for the digital coins.

 

Litecoin tumbled down by 0.09% to $128.58 on Wednesday. After a mixed start of the day, the crypto rallied to an early morning high of $129.43 before dropping to a low of $128.43. It also left the major support and resistance levels untested thus far.

 

On Tuesday, Litecoin plummeted down by 0.76%. After reversing a 1.58% surge from Monday, the crypto ended the day at $128.69. However, it fluctuated during the session, rising to an early morning intraday high of $130.67 before reversing course again.

 

Furthermore, Litecoin fell short of the first major resistance level at $135.72 and plunged to a late afternoon intraday low of $120.00. The sell-off also caused the crypto to slid through the first major support level at $124.94.

 

Despite that, Litecoin managed to find support at the second major support level at $120.18. After that, the crypto moved back through to $128 levels, limiting the loss.

Related Post

 

How did Ethereum fare? 

 

Ethereum climbed up by 0.10% to $732.48 on Wednesday. After a mixed start of the day, the crypto surged forward to an early morning high $735.67 before tumbling to a low of $731.79. It also left the major support and resistance levels untested so far.

 

On Tuesday, Ethereum increased by 0.29%. After rallying by 6.66% on Monday, the crypto ended the day at $731.76. It fluctuated during the session though, jumping to an early morning intraday high of $739.66 before pulling back.

 

Furthermore, Ethereum fell short of the first major resistance level at $757.50 and plunged to an early morning intraday low of $688.00. The crypto also dropped through the first major support level at $691.40 before briefly rebounding to $738 levels.

 

After a second pullback, Ethereum plummeted down to $703 levels again before recovering to $731 levels.

Recent Posts

AUD/JPY Climbs Back to 102.20, Halting Losses

Key Points: AUD/JPY broke below a rising wedge, signalling possible bearish momentum, with immediate resistance at 103.00 and support at…

40 mins ago

EUR/JPY Hit 168.25, Boosted by 0.3% Q1 GDP Growth

Key Points EUR/JPY Rises to 168.25: Strengthened by robust Eurozone economy and steady ECB policy. Eurozone GDP Grew by 0.3%…

49 mins ago

Chinese Electric Vehicle Market: Nio Stock Up 20%

Key Points: Nio's shares hit 44.20 HKD, up 20%, with electric vehicle deliveries up 134.6% year-on-year to 15,620. BYD leads…

1 day ago

Ethereum Price Dips Below $3,120 Amid Market Slump

Key Points: Ethereum fell sharply from $3,355 to a low of $2,813, reflecting high volatility and sensitivity to market dynamics.…

1 day ago

Stock Markets: Nikkei Down 0.1%, Hang Seng Up 2.4%

Key Points Nikkei 225 slightly fell by 0.1%, while the Hang Seng index surged by 2.4%. USD/JPY increased slightly, highlighting…

1 day ago

Gold Price Increases to ₹71,278 and $2,328

Key Points: Gold prices rose on MCX India to ₹71,278/10 gm and COMEX US to $2,328/oz. The US Dollar Index…

1 day ago

This website uses cookies.