Cryptocurrencies

Litecoin tumbled down on Friday. What about Ripple’s XRP?

Litecoin plummeted down by 0.62% to $88.55 on Friday. After a bearish start of the day, the crypto dropped from an early morning high $89.10 to a low $88.46. It also hasn’t tested the major support and resistance levels thus far.

 

On Thursday, Litecoin soared by 0.16%. After rallying by 4.47% on Wednesday, the crypto ended the day at $89.10. However, it started the day on the bearish territory, plunging to a mid-morning intraday low $85.54 before moving.

 

Afterwards, it steered clear of the first major support level at $84.31 and skyrocketed to a late afternoon intraday high $91.35.

 

However, Litecoin fell short of the first major resistance level at $92.15, and it dropped back to $87 levels before managing to find late support. Litecoin moved back through to $89 levels later and ended the day in the green.

 

Meanwhile, Ripple’s XRP tumbled down by 0.31% to $0.62903 on Friday. After a mixed start of the day, the crypto surged forward to an early morning high $0.62991 before plunging to a low $0.62820. It hasn’t tested the major support and resistance levels as well.

 

On the other hand, the crypto jumped by 0.19% on Thursday. After gaining 3.18% on Wednesday, it ended the day at $0.63098.

 

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However, XRP started the day on a bearish territory, plummeting to a mid-morning intraday low $0.61447 before moving. It also steered clear of the first major support level at $0.6060. But Ripple’s XRP slid through the 23.6% FIB of $0.6274.

 

Despite that, Ripple’s XRP managed to find late support and rallied to a late afternoon intraday high $0.64249. Even though it managed to break back through the 23.6% FIB, the crypto came up short of the first major resistance level at $0.6434. Later Ripple’s XRP dropped back through the 23.6% FIB of $0.6274 before ending the day at $0.63 levels.

 

How did Ethereum fare?

 

Ethereum dropped down by 0.20% to $615.41 on Friday. The crypto slid from an early morning high $616.46 to a low $613.59.

 

However, it soared by 3.29% on Thursday. After rising by 1.96% on Wednesday, the crypto ended the day at $616.65. Ethereum fluctuated during the session though, tumbling to a mid-morning intraday low $586.11 before making a move.

 

It also steered clear of the first major support level at $579.97. But Ethereum skyrocketed to a late afternoon intraday high $624.57. It also managed to break through the first major resistance level at $609.85, as well as the second major resistance level at $622.34.

 

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