Ethereum , Ripple & Litecoin Price Analysis - Examining The Technical Indicators.

Ethereum , Ripple & Litecoin Price Analysis - Examining The Technical Indicators.

2021-12-15 | Daniel Smith

Ethereum , Ripple & Litecoin Price Analysis - Examining The Technical Indicators.

This is a technological breakdown of Ethereum (ETH), Litecoin (LTC), and Ripple's XRP. We'll be having a look at the prior day's price movement as well as today's supports, opposition, and hinge levels, as well as the Fibonacci levels when they're in effect. Ethereum Price Analysis ETH

ETH/USD CHART: SOURCE - TRADINGVIEW.COM

Today on Wednesday, Ethereum (ETH) increased by 1.40%. Ethereum concluded the day at $3,834, somewhat correcting an 8.45 percent drop from Monday. After a choppy start, Ethereum fell to a mid-morning intraday low of $3,738 prior to actually giving it a try. Ethereum plummeted through the 23.6 percent FIB of $3,738 while avoiding the first major support level at $3,681. Finding late-morning support, Ethereum re-broke through the 23.6 percent FIB to hit a late intraday high of $3,894. Nevertheless, after dropping below of the initial significant resistance level at $4,067, Ethereum dropped back to $3,820 before closing the day at $3,860. Ethereum was up 0.04 percent to $3,862 at the time of this post. Ethereum fell to an early morning low of $3,852 before rebounding to a high of $3,874 in a mixed start to the day. Early on, Ethereum failed to test the main support and resistance levels. In the coming days, Ethereum will have to dodge the $3,850 pivot in order to reach the very first significant resistance level at $3,934. Nevertheless, support from the broader market would be required for Ethereum to burst out from Tuesday's high of $3,884. Unless there is a prolonged rally, the first significant resistance level should restrict the gains. In the case of a broad-based crypto rise, Ethereum may test resistance above $4,100 levels before reversing. The second significant resistance level is $4,008. A break below the $3,810 pivot would expose the 23.6 percent FIB of $3,738 and the first significant support level at $3,737. However, unless there is further prolonged sell-off, Ethereum should avoid falling below $3,500. The second key support level, $3,613, should keep the fall to a minimum. Examining the Technical Indicators $3,737 is the initial significant support level. $3,810 is the pivot level. $3,934 is the first significant resistance level. 23.6 percentage points $3,738 38.2 percent FIB Retracement Level FIB Retracement Level: $3,039 (62%) $1,909 is the FIB retracement level. Litecoin Price Analysis LTC

LTC/USD CHART: SOURCE - TRADINGVIEW.COM

Litecoin (LTC) decreased by 0.59% at the reporting time on Wednesday. Litecoin finished the day at $150.50, somewhat correcting a 9.07 percent drop from Monday. Following the lead of the larger market, Litecoin plummeted to an intraday low of $145.00 in the early morning hours before proceeding. Litecoin soared to a mid-day intraday high of $152.00 after avoiding the first significant support barrier around $138. Litecoin sank down to $145 levels until hitting $151 levels late in the day, falling short of the first significant resistance level at $156. Litecoin was down 0.41 percent at $148.44 at the time of posting. Litecoin had a shaky start to the day, falling to an early morning low of $150.08 before rebounding to a high of $150.80. Early on, Litecoin did not challenge the key support and resistance levels. In the coming days, Litecoin will have to avoid the $149 pivot in order to reach the first significant resistance level at $154. Nevertheless, backing from the broader market would be required for Litecoin to burst out from Tuesday's high of $152.00. Unless there is a prolonged crypto rally, the first significant resistance level would most certainly cap the gains. In the case of a prolonged rise, Litecoin might test opposition near $160 before reversing. The second significant resistance level is $158. If the price falls through the $149 pivot, the first key support level at $145 will be tested. Unless there is another protracted sell-off, Litecoin should avoid falling below $140. The second key support level, around $140, should keep the fall to a minimum. Examining the Technical Indicators $145 for the First Major Support Level $149 for the Pivot Level $154 is the first major resistance level. 23.6 percentage points $178 38.2 percent FIB Retracement Level Level of FIB Retracement: $223 62 percent $296 FIB Retracement Level Ripple Price Analysis XRP

XRP/USD CHART: SOURCE - TRADINGVIEW.COM

Today on Wednesday, Ripple's XRP increased by 0.51 percent. Ripple's XRP concluded the day at $0.8059, somewhat correcting a 6.92 percent drop from Monday. After a rocky beginning to the day, Ripple's XRP fell to an intraday low of $0.793 in the middle of the morning until making moves. Ripple's XRP soared to a late intraday high of $0.817 after avoiding the first significant support barrier at $0.7477. However, after dropping just below of the first significant resistance level at $0.8304, Ripple's XRP retreated back to conclude the day at levels below $0.8050. Ripple's XRP was up 0.85 percent at $0.8021 at the time of posting. Ripple's XRP fell to a morning hours low of $0.7943 before rebounding to a high of $0.817 after a rocky start to the day. Earlier on, Ripple's XRP failed to test the primary support and resistance levels. In the coming days, Ripple's XRP will have to escape the $0.8019 pivot in order to reach the first significant resistance level at $0.8304. Nevertheless, the backing would be required for Ripple's XRP to burst out from Tuesday's high of $0.8207. Unless there is a prolonged crypto rally, the first significant resistance level would most certainly cap the gains. Well before retracement, Ripple's XRP might test opposition at the 23.6 percent FIB of $0.8533 in the case of a broad-based crypto rise. The second significant resistance level is at $0.8492. If the price falls through the $0.8019 pivot, the very first major support level at $0.7831 will be tested. Nevertheless, unless there is another lengthy sell-off, Ripple's XRP should avoid the second significant support level of around $0.7545. Examining the Technical Indicators First Significant Support Level: $0.7831 $0.8019 is the pivot point. The first significant resistance level is $0.8304. 23.6 percentage points Level of FIB Retracement: $0.8533 38% $1.0659 is the FIB retracement level.

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