June 15, 2021

Crypto Price Analysis & Overview March 12th: Bitcoin, Ethereum, Ripple, Cardano, and Litecoin

6 min read

This week was rather interesting in the cryptocurrency market as a great deal of the significant coins managed to recover. Regrettably, this wasn’t the case for all of them, so let’s take a look at a few of the most intriguing entertainers throughout the past 7 days.image1

Bitcoin is up by a powerful 15.8% over the previous week as the cryptocurrency edges near the ATH price

again. It started the week by rebounding from assistance at$47,200(.382 Fib )and started to push higher over the weekend. The coin broke back above$50,000 on Sunday and continued greater into the early-March resistance at $52,480(bearish.618 Fib)on Monday. As the week advanced, BTC rallied till reaching$ 58,000 yesterday. It has actually considering that rolled over from here to trade back at the$56,112 level. Looking ahead, the first level of resistance lies at $57,686 (1.272 Fib Extension). This is followed by $58,355 (ATH), $60,000 (1.618 Fib Extension – – purple), and $62,170(1.414 Fib extension – – blue). Included resistance is expected at $64,000, $66,000, and $68,610.

btcusd-mar12
< img class= "size-full wp-image-108391"src=" https://cryptopotato.com/wp-content/uploads/2021/03/btcusd-mar12.png "alt=" btcusd-mar12 "width=" 2908" height ="1882"srcset="https://cryptopotato.com/wp-content/uploads/2021/03/btcusd-mar12.png 2908w, https://cryptopotato.com/wp-content/uploads/2021/03/btcusd-mar12-300x194.png 300w, https://cryptopotato.com/wp-content/uploads/2021/03/btcusd-mar12-1024x663.png 1024w, https://cryptopotato.com/wp-content/uploads/2021/03/btcusd-mar12-768x497.png 768w, https://cryptopotato.com/wp-content/uploads/2021/03/btcusd-mar12-1536x994.png 1536w, https://cryptopotato.com/wp-content/uploads/2021/03/btcusd-mar12-2048x1325.png 2048w, https://cryptopotato.com/wp-content/uploads/2021/03/btcusd-mar12-50x32.png 50w" sizes="(max-width: 2908px) 100vw, 2908px"/ > BTC/USD Daily Chart. Source: TradingView Ethereum likewise saw a strong surge today after increasing by 14 %to reach $1750 today. The coin rebounded from assistance at the lower boundary of an

ascending cost channel over the weekend as it began to push greater. It discovered resistance at$1667(bearish.5 Fib)on – Saturday and continued above this resistance on Sunday. Etheruem then went on to surge even greater up until conference resistance at$1875 (1.414 Fib Extension – yellow)on Tuesday.

It might not break this level and wound up rolling over from here as it moved sideways around $1800. Today, ETH stopped by a total of 3.7%as it fell into the lower boundary of the

rising price channel, where it currently trades at$1750. Looking ahead, if the sellers break the rate channel, the very first level of support lies at $1700. This is followed by $1667(previous resistance),$1580, and $1500. On the other side, the very first resistance now lies at$1800. This is followed by $1875,$1960 (1.272 Fib Extension), and $2036 (ATH cost).

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< img class ="size-full wp-image-108393 "src ="https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar12-new.png"alt= "ethusd-mar12-new"width="2908" height=" 1882"srcset ="https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar12-new.png 2908w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar12-new-300x194.png 300w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar12-new-1024x663.png 1024w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar12-new-768x497.png 768w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar12-new-1536x994.png 1536w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar12-new-2048x1325.png 2048w, https://cryptopotato.com/wp-content/uploads/2021/03/ethusd-mar12-new-50x32.png 50w"sizes ="(max-width: 2908px)100vw, 2908px"/ > ETH/USD Daily Chart. Source: TradingView Etheruem is beginning to reveal weak point against Bitcoin once again. The coin bounced from 0.031 BTC over the weekend and went on to press as high as 0.035 BTC during the course of the week. Regrettably, it might not go beyond 0.035 BTC and ended up rolling over from here Tuesday. Ever since, Etheruem dropped beneath the 200-day EMA and continued lower to hit the 0.031 BTC assistance today, offered by a. 786 Fib Retracement). Looking ahead, if the sellers push underneath 0.031 BTC, the very first level of support lies at 0.0305 BTC(.886 Fib Retracement). This is followed by 0.03 BTC, 0.0295 BTC (Downside 1.272 Fib Extension), and 0.0295 BTC (Feb 2020 Highs). On the other side, the first level of resistance lies at & 0.032 BTC(200-days EMA ). This is followed by 0.0337 BTC (Nov 2020 highs & 100-days EMA),

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0.035 BTC, and 0.0361 BTC(March 2019 Highs). ETH/BTC Daily Chart. Source: TradingView Ripple XRP

suffered a 7.9%decline today as the cryptocurrency fell beneath assistance at$0.45(.5 Fib)to reach$0.437 today. XRP was doing well to hold above $0.45 for most of March as it tried to push higher above a coming down pattern line. On Wednesday, the coin attempted to break above$0.5 but stopped working to close above the coming down trend line, triggering it to roll over. Today, the coin fell below the assistance at $0.45 after trading above it for the past nine days. Looking ahead, if the sellers push lower, the very first level of support lies at $0.41( 100-days EMA ). This is followed by $0.4(.618 Fib ), $0.37(200-days EMA), and$ 0.35 (Feb 2020 High). On the other side, the very first level of resistance lies at$0.45. This is followed by the falling trend line,$0.5 and$0.556(2019 Highs). XRP/USD Daily Chart. Source: TradingView Against Bitcoin

, XRP fell back into the trading variety that it was

in throughout January 2021 this week. The coin had actually begun the week by attempting to break above 1000 SAT. It could not attain this and started to head lower from there. On Wednesday, XRP fell beneath assistance at 867 SAT( the upper border of the January trading variety). It continued additional beneath 800 SAT yesterday to reach 780 SAT today. Looking ahead, the first level of assistance now lies at 742 SAT.

This is followed by support at 700 SAT, 670 SAT (lower border of January’s trading variety ), and 600 SAT. On the other side, the very first level of resistance lies at 867 SAT.

This is followed by 900 SAT, 1000 SAT, and 1200 SAT(December 2017 lows ). XRP/BTC Daily Chart. Source: TradingView Cardano saw a small 4.5%reduction over the course of the week as it fell to $1.05 today. The cryptocurrency had begun to decline at the start of March when it dropped from above $1.30 to reach support at $1.10.

It held at this assistance through the majority of the week but ended up collapsing underneath it today. In doing so, ADA likewise fell below a rising trend line that has remained in play considering that mid-February.

Looking ahead, if the sellers continue to push lower, the first level of assistance lies at $1.00. This is followed by $0.975 (.382 Fib), $0.9, and $0.8665 (.5 Fib).

On the other side, the very first level of resistance lies at $1.10. This is followed by $1.20, $1.30, and $1.40.

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ADA/USD Daily Chart. Source: TradingView Versus Bitcoin, ADA has also been falling rather considerably in March and so far has dropped

by an overall of 35%from the starting rate of around 2900 SAT. It was trading above assistance at 2300 SAT (.5 Fib) at the start of the week but wound up slipping underneath it on Sunday. Throughout the week, ADA broke beneath an increasing trend line that remained in play considering that the start of February and continued underneath the assistance at 2086 SAT(.618 Fib)on Wednesday. The other day, it dropped below 2000 SAT and reached the current 1882 SAT level.

Looking ahead, the first level of support lies at 1800 SAT (.618 Fib). This is followed by 1600 SAT (July 2020 Highs) and 1425 SAT (.786 Fib). Extra assistance lies at 1320 SAT (August 2020 highs).

On the other side, the first level of resistance lies at 1950 SAT. This is followed by 2000 SAT, 2200 SAT, and 2456 SAT (July 2018 High-Day close).

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ADA/BTC Daily Chart. Source: TradingView Litecoin saw a positive 14 % rate hike today as it managed to break back above

the$ 200 level once again. The cryptocurrency had fulfilled resistance at $240 throughout February and rolled over from there to fulfill support at $164 (.618 Fib)by the end of the month. Today, LTC bounced higher from$ 180 and began to rise until breaking $200 on Tuesday. It stalled at around$ 205 for the following few days until surging above$ 210 today. It has given that dropped lower once again as it trades at $205.

Looking ahead, the first level of resistance lies at $210. This is followed by $220, $240 (February resistance), $260, and $280 (1.272 Fib Extension).

On the other side, the first level of assistance lies at $200. This is followed by $192 (.382 Fib), $178 (.5 Fib), and $164 (.618 Fib).

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LTC/USD Daily Chart. Source: TradingView Litecoin has actually been suffering rather greatly over the past few weeks versus Bitcoin. It had dropped from the February highs at 0.00485 BTC to reach as low as 0.00346 BTC yesterday. Today, the bulls handled to rebound from the assistance at 0.00346 BTC as they pushed higher to reach the resistance at 0.00379 BTC(Bearish.236 Fib). This level has offered strong resistance throughout the entire period of March 2021 and need to be penetrated for the market to recover.

Looking ahead, the first level of resistance lies at 0.0037 BTC. This is followed by 0.00379 BTC (bearish.236 Fib), 0.0039 BTC, and 0.004 BTC (bearish.382 Fib).

On the other side, the very first level of assistance lies at 0.0036 BTC. This is followed by 0.00352 BTC, 0.00346 BTC, and 0.0034 BTC.

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LTC/BTC Daily Chart. Source: TradingView