Ethereum
Ethereum fell by 0.79% on Wednesday. Partially reversing a 4.73% rally from Tuesday, Ethereum ended the day at $478.96.
It was a bullish start to the day. Ethereum rallied to an early morning intraday high $495.68 before hitting reverse.
Ethereum broke through the first major resistance level at $491.77 before sliding to a mid-morning intraday low $456.5.
Ethereum would need to move back through the pivot level at $477.05 to support a run at the first major resistance level at $497.59.
Support from the broader market would be needed, however, for Ethereum to break back through to $490 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $495.68 would likely cap any upside.
Litecoin
Litecoin slid by 3.78% on Wednesday. Reversing a 3.51% rally from Tuesday, Litecoin ended the day at $73.48.
It was a bearish start to the day. Litecoin slid from an early morning intraday high $77.17 to a mid-morning intraday low $68.34.
Litecoin would need to avoid a fall back through the $73.00 pivot to support a run at the first major resistance level at $77.66.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $77.18.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
Ripple's XRP
Ripple’s XRP slid by 3.01% on Wednesday. Partially reversing a 5.08% gain from Tuesday, Ripple’s XRP ended the day at $0.29366.
It was a mixed start to the day. Ripple’s XRP rose to an early morning intraday high $0.30820 before hitting reverse.
Falling short of the first major resistance level at $0.3096, Ripple’s XRP slid to a mid-morning intraday low $0.28049.
Ripple’s XRP will need to move back through the $0.2941 pivot level to support a run at the first major resistance level at $0.3077.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.30 levels.
Barring an extended crypto rally, the first major resistance level Wednesday’s high $0.30820 would likely cap any upside.
Read more from the original article:
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now