Cryptocurrencies

Litecoin soared by 0.37% Wednesday. What about XRP?

Litecoin climbed up by 0.37% to $142.57 on Wednesday. After a bullish start of the day, the crypto jumped from an early morning low $142.12 to a high $142.95. It also left the major support and resistance levels untested thus far.

On Tuesday, Litecoin skyrocketed by 7.65%. After gaining 1.87% on Monday, the crypto ended the day at $142.05. However, it fluctuated during the session, dropping to an early morning intraday low $131.84 before moving.

The crypto also steered clear of the first major support level at $126.50 and then rallied to a late intraday high $145.95. Furthermore, Litecoin managed to break through the first major resistance level at $137.10, along with the second major resistance level at $142.16.

Despite a late pullback, the crypto avoided the second major resistance level, ending the day at $142 levels.

Meanwhile, Ethereum soared by 0.50% to $1,521.30 on Wednesday. After a mixed start of the day, the crypto plunged to an early morning low $1,513.08 before hitting a high $1,523.39. It also left the major support and resistance levels untested so far.

On Tuesday, Ethereum surged forward by 10.12%. After rallying by 4.62% on Monday, the crypto ended the day at $1,513.67. It fluctuated during the session, tumbling to an early morning intraday low $1,360.27 before moving again.

Related Post

Ethereum steered clear of the first major support level at $1,305 and jumped to a late intraday high, as well as a new swing high $1,549.00.

Furthermore, the crypto broke through the first major resistance level at $1,411, along with the second major resistance level at $1,448. However, it came up short of the third major resistance level at $1,555, and eased back again, ending the day at sub-$1,520 levels.

How did Ripple’s XRP fare?

Ripple’s XRP increased by 1.94% to $0.37965 on Wednesday. After a bullish start of the day, the crypto rallied from an early morning low $0.37340 to a high $0.37965. It left the major support and resistance levels untested, as well.

On Tuesday, Ripple’s XRP soared by 0.34%. After losing 25.14% on Monday, the crypto ended the day at $0.37244. However, it started the day on the bearish territory, plummeting to an early morning intraday low $0.34007 before moving again.

XRP also steered clear of the 23.6% FIB of $0.3172, as well as the first major support level at $0.2336. After that, the crypto surged to a late morning intraday high $0.41186.

Ripple’s XRP fell short of the first major resistance level at $0.6343, but it managed to break through the 38.2% FIB of $0.4070. Despite that, a bearish second half of the day caused the crypto to drop back through the 38.2% FIB. It ended the day at $0.372 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…

20 hours 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%…

20 hours 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…

2 days 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.…

2 days 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…

2 days 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…

2 days ago

This website uses cookies.