Litecoin declined by 1.27% to $70.21 on Friday. The crypto rallied to an early morning high $71.50 before tumbling to a low $69.95. It also dropped through the 38.2% FIB of $71.
On Thursday, Litecoin plummeted down by 12.96%. After plunging by 8.51% on Wednesday, the crypto ended the day at $71.11.
However, it fluctuated during the session, rising to an early morning intraday high $83.26 before reversing course. It also fell short of the first major resistance level at $89.01. As a result, Litecoin dropped to a late intraday low $64.30.
Furthermore, the crypto slid through the first major support level at $76.22, as well as the second major support level at $70.69. The sell-off caused Litecoin to drop through the 38.2% FIB of $71.00. However, later it managed to rebound to $71 levels, reducing the losses from the day.
Meanwhile, Ripple’s XRP dropped down by 1.96% to $0.52645 on Friday. After a bearish start of the day, the crypto plunged from an early morning high $0.5370 to a low $0.5220. It also steered clear of the major support and resistance levels and tumbled through the 38.2% FIB of $0.5285.
On Thursday, Ripple’s XRP also decreased by 14.78%. After losing 9.08% on Wednesday, the digital coin ended the day at $0.5370. However, XRP fluctuated during the session, jumping to an early morning intraday high $0.6518 before pulling back.
It fell short of the first major resistance level at $0.7093. After that, Ripple’s XRP plummeted down to a late intraday low $0.45501.
Furthermore, the crypto slid through the first major support level at $0.5665, along with the second major support level at $0.5025. It also dropped through the 23.6% FIB of $0.6274, as well as the 38.2% FIB of $0.5285.
Despite that, Ripple’s XRP managed to find late support, and it moved back through the 38.2% FIB to end the day at $0.53 levels.
Ethereum decreased by 0.78% to $516.30 on Friday. The crypto soared to an early morning high $522.55 before tumbling to a low $515.68.
On Thursday, Ethereum dropped by 8.58%, ending the day at $520.34. The crypto surged forward to an early morning intraday high $577.00 before pulling back.
Afterwards, it fell short of the first major resistance level at $598.85 and plummeted down to a late morning intraday low $480.08.
Furthermore, Ethereum fell through the first major support level at $546.36, as well as the second major support level at $523.94. And the crypto slid through the 23.6% FIB of $495.00. However, it managed to find support at sub-$500 levels and moved back through the 23.6% FIB, ending the day at $520 levels.
Key Points: XRP Price is at $0.5140, with recent highs of $0.5225 and lows of $0.4980. The 100-hourly SMA at…
Key Points Dow Jones briefly surpassed 40,000, reaching 40,051.05, but closed at 39,869.38, down 0.1%. S&P 500 closed at 5,297.10…
Key Points: Chinese Economy Landscape: April retail sales increased by 2.3%, below forecasts and March's 3.1%, reflecting cautious consumer behaviour.…
Key Points: Stable Oil Prices: Brent futures increased 0.1% to $83.33; WTI steady at $78.80 per barrel. Weekly Gains: Brent…
Key Points: GBP/JPY recovered to 197.00 after recent declines due to Japan's GDP contraction. Japan's Q1 GDP contracted by 0.5%,…
Key Point: USD/JPY recovered from 153.60 to 155.00, reaching a 200-hour EMA resistance at 155.44. Bullish trend supported by 50-day…
This website uses cookies.