Bitcoin Cash – ABC Up, but gives $ 80
Bitcoin Cash ABC gained 3.58% on Sunday, reversing the 2.89% decline on Saturday, closing the week down 25.7% to $ 79.00.
A bullish start to the day saw Bitcoin Cash ABC rally at a mid-morning intraday high of $ 81.31, surpassing the first resistance level at $ 80.03 before returning to levels of $ 80, with resistance to $ 80 demonstrating to be too big late in the day, a break back to $ 80 for short duration.
A low intraday day start $ 76.27 saw Bitcoin ABC Cash avoiding the main levels of support of the day in the day.
At the time of publication, Bitcoin Cash ABC rose 0.47% to $ 79.37, with early morning moves seeing Bitcoin Cash ABC fall from a high morning $ 80.07 to a low $ 77.88 morning, i main levels of support and resistance of the day not tested at the beginning.
For the next day, a return to the levels of $ 80 will support a run of $ 81.31 on Sunday to bring the first major resistance level of the day to $ 81.45, even though Bitcoin Cash ABC will have to maintain levels of $ 79 until the morning to support a move later in the day.
Failure to return to $ 80 levels could see the return of Bitcoin Cash ABC later in the day, a fall in the low morning of $ 77.88 bringing $ 76 levels and the first major support level to $ 76.41 in game before any recovery.
Litecoin participates in the Sunday Rally
Litecoin has recovered 7.91% on Sunday, after a rise of 0.95% on Saturday, to close the week down by 0.2% to $ 25.24, a 3rd day in the green loosen the pain from the bearish beginning to the week.
A particularly bullish start to the day saw the Litecoin rally rise to $ 26.25 early in the morning, Litecoin exceeded the highest resistance levels of the day before hitting an intraday high mid-day $ 26.67.
Coming back in the afternoon, Litecoin returned to $ 25 at the end of the day, unable to maintain the third highest resistance level of the day at $ 25.25 by the end of the day.
At the time of writing, Litecoin had risen from 1.66% to $ 25.66, with Litecoin rising from a low start of the day to $ 25.15 to a maximum of $ 25.79 in the morning before slowing down, the main levels of support and resistance of the day not tested at the beginning.
For the day ahead, a run of up to $ 26 will bring the $ 26.67 high on Sunday and the first major resistance level of the day to $ 26.83 in play before any retreat, resistance at around $ 27. levels that will likely bring Litecoin back from a breakout to $ 28 levels and the second highest resistance level of the day to $ 28.43.
Failure to move to $ 26 could see Litecoin struggling during the day, with a $ 25.10 decline that could mark the start of a partial reversal of last week's gains, a $ 24 decline. levels bringing the first level of support to $ 23.48 in play before any recovery, heavier losses not expected during the day.
Ripple Down Again
Ripple's XRP only gained 0.95% on Sunday, partially reversing the 1.15% loss on Saturday to close the week down 7.62% to $ 0.29307.
Tracing Litecoin at the start of the day, Ripple's XRP hit an early morning intraday high at $ 0.30484, surpassing the first resistance level of $ 0.2966 and the second highest resistance level at $ 0.3028 before going back.
At the end of the day, Ripple's XRP failed to maintain the levels of $ 0.30, with Ripple's XRP being within the resistance levels by the end of the day.
At the time of writing, Ripple's XRP was down 0.11% to $ 0.29274, with Ripple's XRP recovering from a low of $ 0.29073 early in the morning to beat a maximum of $ 0.29451 before going back, the main levels of support and resistance of the day not tested at the start.
For the day ahead, a return move of up to $ 0.2960 should support a move up to $ 0.30 levels to test the first main resistance level of the day at $ 0.3018, with the XRP of Ripple who will probably strive to get out of there to make a run at $ 0.31 levels and the second main resistance level at $ 0.3106.
Failure to move to $ 0.2960 could see Ripple's XRP pick up a better hit later in the day, with a morning decline of $ 0.29073 carrying $ 0.28 levels and the first major support level at $ 0.2873 in play. The heaviest losses could be on cards in the event of a deterioration in sentiment on the broader market, with the second level of support greater than $ 0.2815 at stake in the case of a large crypto sell-off.
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