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.
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