The cryptocurrency market is experiencing a highly volatile week. After a significant correction on Monday and Tuesday, cryptocurrencies began to rise on Wednesday, only to show relatively stable charts on Thursday.

Ethereum Price Movements
Ethereum saw a 2.63% drop on Thursday, reversing a 1.05% increase from Wednesday, closing the day at $1,776.4. After starting the day on a bullish note, ETH briefly rose above $1,800.

However, analysts note that Ethereum has not yet tested any critical support or resistance levels, leading to mixed signals about the price direction. According to analysts, in order for ETH to break through the key $1,832 level, it must first maintain a position above $1,795.

Key Levels for Litecoin
Litecoin fell by 3.13% on Thursday, reversing Wednesday’s 2.17% gain, closing at $199.65.

For Litecoin (LTC) to show bullish momentum today, it needs to stay above $202 and then break the key resistance level at $206. If LTC fails to surpass $208, the likelihood of an upward move diminishes. A strong move above $208 could test the next important level at $215.

However, if LTC fails to defend the $202 level, the price could test the $196 and $195 support levels.

Ripple Price Expectations
XRP dropped by 0.25% on Thursday after gaining 2.04% on Wednesday, closing the day at $0.46898.

Analysts suggest that the first significant support level for XRP is at $0.4602, while $0.4751 is a key level that could influence the price action for the day.

A move above the $0.4751 level may lead to testing the first important resistance at $0.4839.

Additional Insights
For Ethereum, breaking through the $1,850 level could trigger a new upward trend, potentially leading to higher price levels. However, if the $1,795 level cannot be defended, it may result in testing the $1,740 level.