Bitcoin money sees red more
Bitcoin Cash fell 2.78% on Monday after a 4.1% slide on Sunday to close the day at $ 520.6.
A downtrend of the day saw Bitcoin Cash's liquidity drop to a late intraday of $ 504.7, Bitcoin Cash outperformed the first level of support at $ 516.33 to get support for $ 500 and avoid testing the second main support level at $ 497.17.
Recovery in an early afternoon The $ 544 bitcoin Cash intraday which was lower than the first main resistance level at $ 556.53 was as good as the one obtained, with Bitcoin Cash slowing the rest of the day to $ 520 levels, the moves guided by the news, while the rigid fork quickly approaches.
At the time of publication, Bitcoin Cash was down 1.18%, with the Bitcoin Cash falling to a minimum of $ 508.5 at the start of the morning before recovering, the main levels of support and resistance of the day have not been tested in the beginning.
For the day ahead, a move between the high levels of $ 522 to $ 525 should support a run at the first major resistance level at $ 541.5, although much will depend on the news wires during the day, hash rates of Bitcoin ABC and Bitcoin SV for the direction, the positive news of Bitcoin ABC will probably bring the second highest resistance level of the day to play at $ 562.4.
Failure to climb the morning high could see the Bitcoin Cash get a big hit later in the day, support for Bitcoin SV is likely to lead to a pullback until the early morning to call support at the first level of main support for $ 502.2 , sub- $ 500 levels at stake should create a strong fork jitter.
Litecoin stands at around $ 50
Litecoin fell 0.93% on Monday after a 2.04% fall on Sunday to close the day at $ 50.33.
A high intraday start of $ 51.34 yesterday overcame the first major resistance level at $ 52.03, with a low one-morning $ 50.02 roll as Litecoin held above the first major support level at $ 49, 54. After a recovery in the early afternoon, an intraday delay of $ 50 at the end of the day also avoided the main levels of support during the day.
At the time of writing, Litecoin was down 0.38% to $ 50.14, with Litecoin topping the first major support level at $ 49.77 to a minimum of $ 49.52 in the morning before recovering to $ 50.
For the day ahead, an early-day move of $ 50.33 to $ 50.6 will sustain a run at the first resistance level of $ 51.11, although sentiment in the broader market will have an influence on the day, the second highest resistance level at $ 51.9 unlikely to be tested excluding particularly good news affecting the wires.
Failure to return during the morning could see Litecoin fall further in the day, a pullback through the first major support level at the low of $ 49.52 in the morning leading the second level of support greater than $ 49.22 in play before any recovery, under $ 49 unlikely support levels to be tested on the day.
Ripple Bucks the Trend
Ripple's XRP gained 2.77% on Monday after a 0.15% increase on Sunday to close the day at $ 0.52403.
A relatively limited start at the start of the day saw that Ripple's XRP eased to a late-morning intraday at $ 0.50519 before stabilizing, while the morning was low above first level of main support at $ 0.5012.
An early afternoon rally saw Ripple's XRP break through the first resistance level at $ 0.5155 and the second resistance level at $ 0.5210 to overcome the third resistance level at $ 0.5353 before go back, with the Ripple XRP that fails to exceed 38.2% of RIB Retracement Level of $ 0.5225 by the end of the day.
At the time of writing, Ripple's XRP grew 0.64% to $ 0.52738, Ripple's XRP recovered from a low of 0.51591 in the morning to overcome the retracement level of the 38.2% of the FIB of $ 0.5225 to reach a maximum of $ 0.52795 before slowing down, increased support of the day and untested resistance levels.
For the next day, a hold higher than $ 0.5225 will support a run of $ 0.53 levels to bring the first resistance level higher to $ 0.5378 before any pullbacks, $ 0.54 levels and the second resistance level at $ 0.5515 hardly at stake, except in particular positive news affecting the wires.
Failure to exceed the FIB retracement level of 38.2% of $ 0.5225 could bring down Ripple's XRP between the morning lows from $ 0.51591 to $ 0.50, bringing the first major daily support level at $ 0.5077 before any recovery, under $ 0.50. play the day, excluding materially negative news affecting the threads.
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