Home / Litecoin / Analysis of Bitcoin Cash, Litecoin and Ripple Daily – 11/07/18

Analysis of Bitcoin Cash, Litecoin and Ripple Daily – 11/07/18

Cash Cash Bitcoin comes back

Bitcoin cash recovered 12.3% on Tuesday, erasing a decline of 1.4% on Monday, to close the day at $ 633.4, the first level of $ 600 from 4th September.

After a relatively small morning, Bitcoin Cash found a strong support in the afternoon, surpassing the first resistance level at $ 584.8 and the second resistance level at $ 605.6 to hit a delayed intraday high $ 637, a start of low intraday day $ 555 clear steering of the main support levels.

Support for BCH before 15th The junction of November led the last rally that was launched last Friday from the opening of Bitcoin Cash $ 427.4.

At the time of writing, Bitcoin Cash fell 2.36% to $ 618.5, with Bitcoin Cash slipping from the top of a day high $ 636.5 to a minimum of $ 608.4 in the morning before stabilize, it moves through the early morning leaving the maximum support of the day and untested resistance levels.

For the day ahead, a return to the morning level will support a run at the first major resistance level of the day at $ 661.93, with the second highest resistance level of the day at $ 690.47 in play, if Bitcoin Cash were to recover from the losses of the morning in the early afternoon.

Failure to recover morning losses during the morning could see Bitcoin Cash retreat up to $ 608.4 to bring low levels of $ 600 into play, while we expect Bitcoin Cash to avoid the first major level of support of the day at $ 542.6, except for substantial negative news affecting the wires.

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Litecoin traces the market

Litecoin earned 4.45% on Tuesday, reversing the loss of 0.8% on Monday with interest, to close the day at $ 55.84.

Bearish in the day, supported by a strong momentum from the broader market, Litecoin went from a low intraday start to $ 53.43 at the end of the day intraday high $ 55.98, exceeding the first main resistance level at $ 54.57 and the second level of resistance greater than $ 55.7 before turning back, the main levels of support of the day were not tested.

At the time of writing, Litecoin was down 0.34% to $ 55.65, with Litecoin seeing a low intraday at $ 55.33 and intraday high $ 56 within the first hour, leaving maximum support of the day and untested resistance levels.

For the day ahead, a $ 55 level up until the morning should hold a move of up to $ 56 to bring the day's high up and the first major resistance level to $ 56.74 before any withdrawal, $ 57 levels probably out of reach in the day.

Failure to reach $ 55 during the morning could see Litecoin collect more success throughout the day, with the first major support level of the day at $ 54.19 in play if Litecoin were to lose $ 55, while it would be expected that Litecoin avoid further material losses on the day.

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Ripple Rallies Again

Ripple's XRP recovered 10.65% on Tuesday, after a rebound of 6.6% on Monday, to close the day at $ 0.5548.

A bullish start to the day saw Ripple's XRP wave from a low intraday day start of $ 0.50116 to a late-morning intraday high of $ 0.57. Ripple's XRP exceeded the first resistance level of $ 0.5167 and the second main resistance level of $ 0.5321 to exceed the third main resistance level at $ 0.5737 before a withdrawal in the early afternoon at $ 0.52 levels.

Support at the end of the day brought Ripple's XRP to $ 0.55 levels, with the main support levels not tested during the day.

At the time of writing, Ripple's XRP was down 2.79% to $ 0.5393, with the first morning operations that saw Ripple's XRP slide from a $ 0 day high , 55544 to a minimum of 0.53499 morning before stabilizing, the largest support of the day and the resistance levels remained untested at the beginning.

For the next day, a shift of $ 0.5420 will support a run at the start of the $ 0.55544 high day to bring $ 0.56 levels into play, while we expect Ripple's XRP to not reach the first main resistance level of the day at $ 0.5828, minus one other day-to-day guided demonstration.

The non-relegation of $ 0.542 by early afternoon could see Ripple's XRP pick up another success later in the day, a fall in the morning low of $ 0.53499 bringing in $ 0.52 levels, while we expect that Ripple's XRP does not exceed the main support level of the day at $ 0.514 per day.

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