Litecoin declined by 1.71% to $100.60 on Thursday. After a bearish start of the day, the crypto dropped down from an early morning high $102.46 to a low $100.31. It also left the major support and resistance levels untested thus far. However, the pullback caused Litecoin to slid through the 23.6% FIB of $101.
On Wednesday, Litecoin tumbled down by 10.44%. After partially reversing a 9.40% surge from Tuesday, the crypto ended the day at $102.35. However, it fluctuated during the session. Litecoin jumped to an early morning intraday high $117.32 before reversing course.
Furthermore, it fell short of the first major resistance level at $119.84 and plunged to a late intraday low $95.28. Litecoin also slid through the first major support level at $103.55, as well as the second major support level at $92.78. After that, the crypto fell through the 23.6% FIB of $101. But it managed to find support later and moved back through the support levels and 23.6% FIB, ending the day at $102 levels.
How did Ripple’s XRP fare?
Ripple’s XRP surged forward by 5.77% to $0.27500 on Thursday. After a mixed start of the day, the crypto plummeted down to an early morning low $0.25000 before soaring to a high $0.28123. It left the major support and resistance levels untested, though.
On the other hand, Ripple’s XRP plunged by 41.71% on Wednesday. After losing 13.20% on Tuesday, the crypto ended the day at $0.26001. However, before lowering, it hit an early morning intraday high $0.44813.
The crypto fell short of the first major resistance level at $0.5133, and then it dropped to a late intraday low $0.2000. After that, it fell through the day’s major support levels, as well as the 62% FIB of $0.3687, forming a near-term bearish trend.
Despite that, Ripple’s XRP managed to find support at $0.20, and it broke back through the third major support level at $0.2056, ending the day a $0.26 levels.
- Trading Instrument