Cryptocurrencies

Litecoin fell by 0.34% on Wednesday. What about Ethereum?

 Litecoin tumbled down by 0.34% to $76.44 on Wednesday. After a mixed start of the day, the crypto surged forward to an early morning high $76.96 before dropping to a low $76.21.

 

On Tuesday, Litecoin plummeted down by 8.08%. After declining by 0.20% on Monday, the crypto ended the day at $76.70. However, it fluctuated during the session, soaring to an early morning intraday high $84.93 before pulling back.

 

Furthermore, Litecoin fell short of the first major resistance level at $86.28 and tumbled down to a late intraday low $75.50. After the long selloff, the crypto also slid through the first major support level at $81.14, as well as the second major support level at $78.88.

 

Despite that, it managed to find late support, and moved back through to $76 levels, reducing the loss on the day.

 

Meanwhile, Ethereum also dropped down by 0.58% to $551.56 on Wednesday. After a mixed start of the day, the crypto rallied to an early morning high $555.29 before tumbling down to a low $551.56.

 

On Tuesday, Ethereum plummeted down by 6.21%. After decreasing by 1.74% on Monday, the crypto ended the day at $554.79. But it fluctuated during the session, hitting a mid-morning intraday high $595.47 before pulling back.

 

Furthermore, Ethereum fell short of the first major resistance level at $601.73 and dropped to a late intraday low $548.12. After the selloff, Ethereum also slid through the major support levels of the day.

 

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Despite a late move back through to $550 levels, the crypto couldn’t break back through the third major support level at $555.42.

 

How did Ripple’s XRP fare?

 

Ripple’s XRP plummeted down by 0.22% to $0.55759 on Wednesday. After a mixed start of the day, the crypto skyrocketed to an early morning high $0.56078 before dropping to a low $0.55443. It also hasn’t tested the major support and resistance levels.

 

On Tuesday, Ripple’s XRP plunged by 8.17%. After losing a 2.50% on Monday, the crypto ended the day at $0.5588.

 

However, the crypto fluctuated during the day, jumping to an early morning intraday high $0.61059 before reversing course.

 

It also fell short of the first major resistance level at $0.6252, as well as the 23.6% FIB, and tumbled down to a late intraday low $0.5500.

 

After the reversal, Ripple’s XRP slid through the first major support level at $0.5912, along with the second major support level at $0.5740.

 

However, the crypto managed to find late support, and moved back through to $0.558 levels, reducing the loss on the day.

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