Is Ethereum Staging a Short-Term Rally - Price Analysis.
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Ethereum , Ripple & Litecoin Price Analysis - Examining The Technical Indicators.
2021-12-15 | Daniel Smith
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/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/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.
