Analysis of Bitcoin Cash, Litecoin and Ripple Daily – 06/06/18

Bitcoin Cash Takes at Breather

Bitcoin Cash gained 2.07% on Sunday, partially reversing the 3.86% slide on Saturday to close the week down 14.62% to $ 709.5.

An uncertain start to the day saw Bitcoin Cash fall late one morning intraday low $ 686 before recovering up to $ 700 levels and a delay in the day intraday high $ 718.4, the moves in the day seeing Bitcoin Cash get away from the first main support level to $ 677.4 and the first main resistance level to $ 727.4, leaving the intact bearish trend intact.

At the time of writing, Bitcoin Cash was 0.09% to $ 710.1, with Bitcoin Cash rising to $ 716.7 before slowing, the morning high was lower than the first resistance level at $ 723.27. .

For the day ahead, a return to the morning level at $ 720 would support a run at the first resistance level of $ 723.27 to bring $ 730 into play, though Bitcoin Cash will have to hold $ 700 in the morning. to support an upward move.

Failure to move to $ 720 and return to levels below $ 700 would likely see Bitcoin Cash fall to test the first major level of support of the day at $ 690.87 before any recovery, putting an end to the day at $ 700 key levels. to support a recovery in losses last week

 {alt}

Revenue in Bitcoin Cash Trading today

Litecoin Steadies

Litecoin increased by 2.22% on Sunday, in part reversing the 5.89% decline on Saturday, to close the week down by 11.13% to $ 74.65.

A start of a daily pullback to a low intraday $ 72.41 was the only bearish move of the day, with Litecoin able to avoid the first major support level at $ 70.9. A day's recovery saw Litecoin return to $ 74 levels with a high intraday of $ 74.71, although Litecoin did not run a run at the first major resistance level at $ 76.58, the downward trend on intraday highs. continue until the end of the week [19659003] At the time of writing, Litecoin had risen from 1.55% to $ 75.81, with the upward momentum of Litecoin's Sunday continuing into the early hours In the morning, Litecoin broke through the first major daily support level at $ 75.44 and the second main support level at $ 76.22 at a high morning $ 76.84 before going back down to $ 75.

For the day To come, a switch back to $ 76.22 would sustain a run at $ 77 levels to bring the third highest resistance level of the day to $ 78.52, although the broader market will need to see strong gains through the majors for Litecoin to break through at $ 78 levels in the day no.

Failure to return to the $ 76 level could see Litecoin renouncing initial gains, down to $ 74 levels bringing the day's first major support level to $ 73.14, with Litecoin unlikely to reach levels of $ 73 with the exception of materially negative news affecting the wires.

 {alt}

Buy and Sell Cryptocurrency instantly

Ripple Falls Behind

Ripple's XRP gained only 1.07% on Sunday, partially reversing the 2.8% decline on Saturday, closing the week by 4.27% to $ 0.43415.

A relatively limited morning saw Ripple's XRP move away from the main support and resistance levels of the day, with a low intraday early afternoon of $ 0.42341, seeing the Ripple's XRP keep at $ 0.42 levels before bouncing at the end of the day intraday high $ 0.43791, dropping $ 0.44 levels and the first major resistance level of the day to $ 0.4420.

At the time of writing, Ripple's XRP was up 0.06% to $ 0.43559, a time slot beginning until the day when Ripple's XRP touched a minimum of $ 0.43222 and a maximum of $ 0.43887, the moves that leave the highest initial and resistance levels not tested soon.

For the day ahead, a return to the morning level of $ 0.43887 would bring $ 0.44 levels and the first main resistance level at $ 0.4402 and the second resistance level at $ 0.4463 in play , although for Ripple XRP to exit the first higher resistance level, the wider market will have to be moving until the morning.

Failure to open at $ 0.44 could see Ripple's XRP suffer a hit, with a pullback of $ 0.4318 leading sub-$ 0.43 levels and the first main support level for $ 0.4257 in play, while we expect Ripple's XRP to continue to avoid levels below $ 0.42.

 {alt}

Buy and Sell Cryptocurrency instantly [19659025] Source link