Cash Bitcoin – ABC finds support
Bitcoin Cash ABC fell 1.49% on Friday, after a 16.37% drop on Thursday, to close the day at $ 104.53, a 5th consecutive day in red for the current week leaving Bitcoin ABC Cash down 38.42%.
A bearish start to the day saw the ABC Cash Bitcoin slip through the first major support level at $ 97.6 at a lower first intraday and a new initial swing of $ 94.6 before bouncing back.
The mid-morning rebound saw Bitcoin Cash ABC hit an intraday high of $ 115.36 before returning to a relatively limited time frame, supporting $ 100 to give Bitcoin Cash ABC a $ 100 hold at the end of the day.
At the time of publication, Bitcoin Cash ABC was down 1.47% to $ 106.07, a bullish start to the day when Bitcoin Cash ABC moved from a low-day start to $ 103.27 a maximum of $ 108.89 in the morning before going back. The main levels of support and resistance of the day have not been tested at the beginning.
For the day ahead, a hold greater than $ 105 throughout the morning will hold another run at $ 110 levels, with sentiment in the wider market dictating whether Bitcoin Cash ABC can make a run at the first major resistance level for $ 115.06.
Failure to hold more than $ 105 could see Bitcoin Cash ABC increase morning earnings, with a fall of the morning of $ 103.27 bringing below $ 100 levels and the first major level of support of the day to $ 94.3 in play before of any recovery.
Support for Exchange for the Bitcoin Cash ABC network provided relief at the start of the weekend.
Litecoin flows again
Litecoin fell 5.39% on Friday, after the 8.63% drop on Thursday, to close the day at $ 24.77, a 4th day in red for the current week leaving Litecoin down 25.7% from Monday to Friday.
After a relatively small morning, a crash in the early afternoon at an infra-day low and a new swing at $ 22.24 saw Litecoin drop the first level of main support at $ 24.59 and the second main support level at $ 22, 92 before finding support. Litecoin managed to rebound to $ 25 levels before going back to the end of the day.
At the time of writing, Litecoin had risen by 4% to $ 25.76, with the late recovery of the current day until the early hours, Litecoin rising from a low day start to $ 24.73 at a high morning $ 26.53 before going back.
For the next day, a hold on $ 25 levels until the morning will hold another run at $ 26 levels to bring the first resistance level higher to $ 26.66 before any reversal, even if it's not just Litecoin will have to maintain key levels through the morning to support an afternoon breakout.
Failure to keep the $ 25 levels could see Litecoin back in the morning from $ 24.73 to $ 23, with the first major support level of the day at $ 22.56 in play later in the day, if Litecoin were to see the red.
Ripple sees below $ 0.30
Ripple's XRP dropped 1.6% on Friday after a 8.34% drop on Thursday to close the day at $ 0.30582, a 4th day in red for the current week leaving Ripple's XRP down 17.77% from Monday to Friday.
Relatively bearish for most of the day, Ripple's XRP sold its first major support level of $ 0.2954 to a late-afternoon intraday of $ 0.29225 before rebounding. A recovery at the end of the day saw Ripple's XRP hit an intraday high of $ 0.3196, dropping well below the first resistance level to $ 0.3370 before returning to the $ 0.30 level. by the end of the day.
At the time of writing, Ripple's XRP had grown by 3.64% to $ 0.31696, with Ripple's XRP exceeding the first resistance level higher at $ 0.3195 up to a maximum of $ 0.32845, before going back.
For the next day, a return to the first higher resistance level from $ 0.3195 to $ 0.32 would have supported a run at $ 0.33 levels and the second resistance level at $ 0.3332, with Ripple's XRP had to keep the $ 0.31 until early afternoon to sustain a move later in the day.
Failure to climb the first resistance level higher at $ 0.3195 could see the reverse of Ripple's XRP later in the day, with an inability to maintain the levels of $ 0.31, probably to see the return of XRP. of Ripple through a low morning $ 0.3057 to bring the first major support level to $ 0.2922 in play before any recovery.
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