Home / Litecoin / Analysis of Bitcoin Cash, Litecoin and Ripple Daily – 11/10/18

Analysis of Bitcoin Cash, Litecoin and Ripple Daily – 11/10/18

Bitcoin money sees red more

Bitcoin Liquidity fell 5.7%, following Thursday's slide of 6.7%, to close the day at $ 546.2. For the current week, 4 days of losses have left the Bitcoin Cash down 4.5% from Monday to Friday.

A relatively bullish start to the day saw Bitcoin Cash return to $ 600 levels with an intraday high of $ 603.8 before hitting the reverse, the high of the day fell to the first major resistance level at $ 611.23. The trend reversal meant that Bitcoin Cash slid for the first major support level of the day at $ 560.53 and the second main support level at $ 542.07 at a low intraday day delay $ 526, 6 before stabilizing.

While support for the exchange of cryptography before the rigid fork had provided some impressive daily gains, uncertainty ahead of the 15th The harsh November raid caused the damage during the week.

At the time of writing, Bitcoin Cash rose 0.26% to $ 547.6, with a range start to day as Bitcoin Cash recovered from low morning $ 537.6 to a high $ 551 morning before slowing down, the biggest support of the day and untested resistance levels soon above.

For the day ahead, a return to the highs of the morning from $ 551 to $ 559 will support a run at the first major resistance level of the day at $ 591.13 to bring back $ 600, even though Bitcoin Cash will have to make a move within the late morning and keep over $ 559 to support an afternoon rally.

The lack of relegation during the morning could see the return of Bitcoin Cash during the day, with a fall in the morning of $ 537.6 bringing in the game the first level of main support at $ 513.93, with levels of support $ 500 in play if the sentiment worsens the day.

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Litecoin sees red

Litecoin fell 0.75% on Friday, after slipping 3.29% on Thursday, to close the day at $ 51.66, for 3 consecutive days in red leaving Litecoin down 4.12% for the current week.

An early morning high intraday high of $ 52.53, which was lower than the first main resistance level of $ 53.69, was the only bullish move of the day, Litecoin dropped to an intraday $ 1 intraday. 51.07, claiming support for the first level of primary support at $ 51.14 before stabilizing in a limited second half of the day.

At the time of writing, Litecoin was down 0.15% to $ 51.58, with Litecoin recovering from a low morning of $ 51.45 to reach a maximum of $ 51.83 in the morning before shrinking, the ranges restricted, leaving the maximum support of the day and untested resistance levels.

For the day ahead, a $ 51.83 high morning move will hold another $ 52 level race to bring the first major resistance level of the day to $ 52.44, while we expect Litecoin drop $ 53 levels for a 2ND consecutive day.

Failure to return during the morning could see Litecoin a great success over the course of the day, with a pullback in the morning of $ 51.45 lower bringing the first major support level of the day to $ 50.98 in play before any recovery , the second largest support at $ 50.29 and sub- $ 50 unlikely support levels to be tested excluding particularly negative news affecting the wires.

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Ripple Bucks the Trend

Ripple's XRP gained 1.41% on Friday, partially reversing the 8.14% slide on Thursday to close the day at $ 0.50448, with moves during the week that they brought Ripple's XRP to 7.32% gain for the current week.

A bullish start to the day saw Ripple's XRP surge reach an early morning intraday high of $ 0.52163 before falling back to an intraday early afternoon of $ 0.49579. Finding support during the afternoon, Ripple's XRP managed to recover $ 0.50 levels, while the moves during the day left the main levels of resistance and support untested.

At the time of writing, Ripple's XRP was up 0.56% to $ 0.50729, with Ripple's XRP moving from a day start to $ 0.50326 to a maximum $ 0.50926 in the morning before slowing down, the main levels of support and resistance of the day not tested at the start.

For the next day, a $ 0.5073 suspension in the morning should support a $ 0.51 level run to bring the first major resistance level to $ 0.5188 into play, with the broader market support needed to bring at $ 0.52 the levels after the trend going against Friday.

Failure to hold $ 0.5073 in the morning could see Ripple's return of XRP late in the evening, with a $ 0.50326 fall in the morning leading the first major support level to $ 0.493 before recovery, the second support level at $ 0.4815 unlikely to be at stake aside from the particularly negative news affecting the wires.

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