This week, five of the world's major cryptocurrencies - Ethereum, Ripple, Cardano, Solana, and Litecoin - showed varying degrees of price movements. Ethereum leaned slightly toward the bearish side, losing 1.4%. On the flip side, XRP was the week's best performer with a price increase of 19%. Similarly, Cardano rose by 3.9%. In contrast, Solana reported a 8.5% decrease in price whereas Litecoin fell by 5.8%.

Ethereum suffered from a lack of buying power, as the buying volume has been steadily decreasing since mid-March. As it stands, ETH has not been able to break past $1,800, the current key resistance. In the event of a price fall, support can be found at $1,700. XRP’s extremely bullish performance this past week is due to its current high buying volume and its ability to make higher highs. Presently, bears may halt its ascent at the key resistance levels of 53 and 58 cents while the support is at 50 cents.

Presently, Cardano remains in an uptrend and is standing at a key resistance of 38 cents. The weekly pullbacks are quickly bought up, indicating a good entry point here. Bears may also be seen at this level and if the resistance does break, Cardano's next target will be 42 cents. As for Solana, it has been in a downtrend since the end of February, seeing a 8.5% decrease in price this week. Support is at $20 and if buyers fail to defend this, it will most likely reach a low at $17.

Litecoin saw an impressive recovery in 2021 before entering a pullback this past week, with a decrease of 5.8%. Here, the key resistance is at $95 and the support is at $81. Should buyers return here, it could reach and maintain a three-digit price of $100.

Overall, this week was filled with varying price movements for the major cryptocurrencies. Ethereum leaned to the bearish side, XRP was bullish, Cardano's uptrend continues, Solana continues to remain bearish, and Litecoin's price could reach a three-digit valuation with enough buying power. Whether these prices will continue remains to be seen.



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