Crypto price analysis March 31: ETH, XRP, Ada, Sol, LTC

Crypto price analysis March 31: ETH, XRP, Ada, Sol, LTC

This week we take a closer look at Ethereum, Ripplecardano, Solana and Litecoin.

Ethereum (ETH)

Ethereum opted for a range this week and recorded a slight loss of 1.4 %. This flat trend could not apply the energy to keep the price of $ 1,800, which is the current key resistance.

The support is $ 1,700, and the bulls have done a good job to defend this level. Therefore, a sweater should find buyers here if the course falls again.

With regard to the future, ETH has lost some swing, with the purchase volume steadily decreasing since mid -March. If this is not reversed soon, the cryptocurrency lacks the strength at this time to rise upwards, and there may even be a correction.

Diagram of Tradingview

ripple (XRP)

If Ethereum still decides where to go next, this is not a problem for XRP that has become extremely bullish. With a price increase of 19 % last week, XRP is the best performer on our list. In addition, the buyers currently show no signs of weakness.

At this rally Ripple, a higher high achieved, which confirms the upward trend. In order to stop this increase, bears could appear at the most important level of resistance of 53 and 58 cents. The current support is just under 50 cents.

With a view to the future, XRP is well positioned to reach new annuals and perhaps even approach the $ 1 market at the end of the year. In view of the price development, this will probably appear if the buyers continue to dominate.

Diagram of Tradingview

cardano (ada)

The upward trend of Cardano continued last week and the price was able to rise by 3.9 %. The reason why Ada could not recover upwards is the key resistance at 38 cents. Every time buyers wanted to tear themselves away, sellers turned the price.

The most important support is 35 cents, and it is unlikely that it will be tested again in view of this price campaign. In the past, pullbacks were short -term and offered a good start.

look ahead , it is unlikely that sellers can withstand the pressure of buyers who are interested in increasing the ADA. If the 38 cent level is converted to support, this cryptocurrency can strive for 42 cents next.

Diagram by Tradingview

Solana (sol)

Solana has been in a downward trend since the end of February. Despite a good attempt by the buyers, this did not change in March to reverse this. For this reason, Sol recorded a price drop of 8.5 %this week.

This cryptocurrency has a good support at just under $ 20, and it seems that bears will test this level again. If the buyers do not defend it, a collapse could bring SOL to $ 17.

With a view to the future, the outlook for Solana decreases, but a lower low (below $ 17) currently appears unlikely. In view of the low volume, sellers do not show the necessary conviction in the past week.

Diagram of Tradingview

litecoins (ltc)

litecoin was quite volatile this year and last experienced a sharp rally in March, which led up to the resistance of $ 95. Since then the price has entered a sweater and fell 5.8 %this week.

It is unlikely that LTC will break through the key resistance at this time. A test of support appears more likely at $ 81. If the buyers return there, this cryptocurrency could find enough momentum to strive for $ 100 again.

With regard to the future, Litecoin had an impressive recovery compared to the end of 2022 this year. If this continues, it could try to achieve and maintain a three -digit rating in 2023.

Diagram of Tradingview

The article Crypto Price Analysis Mar-31: ETH, XRP, Ada, Sol, LTC first appeared on Cryptopotato.

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