Cryptocurrencies demonstrated varied performance this week, with the market capitalization staying relatively stable at $2.4 trillion. Over the past seven days, Bitcoin decreased by 2.78%, Litecoin dropped by 5.17%, while Ripple increased by 2.07% and Ethereum grew by 2.26%.
Bitcoin
During the decline, Bitcoin fell to the support level of 64,728 and is currently consolidating there. If it maintains this level, the price could rebound toward the nearest resistance at 68,976.
However, if Bitcoin breaks out the 64,728 support and consolidates below it, it may continue to drop to the psychological level of $60,000 per coin.
Ripple
Following a temporary decline, Ripple has settled into consolidation just below the resistance level of 0.5089. From this position, XRP/USD could potentially fall to the support level of 0.4336.
If Ripple breaks out the 0.5089 level from below and consolidates above it, the next growth target will be the resistance at 0.5865.
Ethereum
Ethereum is currently trading at 3586.13. If it consolidates below this level, the price may decline toward the next support at 3293.59.
Alternatively, a recovery above 3586.13 could lead to a rise toward the nearest resistance at 3724.33, marked with a dotted line.
Litecoin
Litecoin has broken out the 76.95 level and is now trading below it. This could pave the way for a decline to the nearest support at 68.80.
That being said, if Litecoin manages to climb back above 76.95, the recovery may extend to targets of 81.76 and potentially higher, reaching 88.12.
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