Bitcoin Cash Steadies
Bitcoin Cash dropped just 0.04% on Tuesday, after a 2.78% drop on Monday, to close the day at $ 520.4, with Bitcoin Cash down 6 of the last 7 days.
A particularly busy day saw the Bitcoin Cash fall to a first intraday day of $ 508.5, holding the first level of main support at $ 502.2 before a mid-morning rally, bringing Bitcoin Cash through the first major level of resistance of the day to $ 541.5 at a high intraday $ 557.5.
Unable to resist, the delayed withdrawal of Bitcoin Cash fell to $ 520 by the end of the day, with the volatility that has diverted market confidence to the fork of tomorrow.
At the time of writing, Bitcoin Cash rose 1.93% to $ 530.5, with Bitcoin Cash rising from a minimum of $ 518.8 to a maximum of $ 531.3 in the morning, the moves mornings that did not confirm the highest levels of support and resistance of the day.
For the next day, a $ 530 level up until the morning would hold a $ 540 level run to bring the first major resistance level of the day to $ 549.1, although Bitcoin Cash continues its recovery mode, Bitcoin Cash must be favorable, any breakdown of Bitcoin Cash could weigh a lot.
Failing to keep the $ 530 levels during the morning could see Bitcoin Cash slip between $ 518.8 and $ 510, with the first major support level of the day at $ 500.1 in play on the following day.
Litecoin Back in $ 40
Litecoin slipped by 2.94% on Tuesday, after a fall of 0.93% on Monday, to close the day at $ 48.84, Litecoin's first sub-rule at the end of $ 50 by the end of October.
Bearish during the day, Litecoin collapsed from an intraday early day of $ 50.43 to a low low intraday day $ 48.31, the reversal sees Litecoin going down through the first major support level at $ 49.77 and the second main support level at $ 49.22 before finding support, although not enough to break back through support levels by the end of the day.
At the time of writing, Litecoin rose 0.8% to $ 49.23, passing through the early morning seeing Litecoin rise from a low start of the day to $ 48.78 to a maximum of $ 49.25, the level greater support and resistance of the day has not been tested in the beginning.
For the next day, a hold of up to $ 49 during the morning will support a run of $ 50 and the first main resistance level of the day at $ 50.08, while we can expect a lot of resistance up to $ 50 to put Litecoin back from a run at $ 51 levels on the day.
Failure to keep $ 49 during the morning could see Litecoin renouncing the first gains, with a low morning slip of $ 48.78 with a chance to bring below $ 48 levels and the first major day support level at $ 47, 96 in play before any recovery.
Ripple sees red
Ripple's XRP fell 1.26% on Tuesday, partially reversing the 2.77% gain on Monday to close the day at $ 0.51738.
A bullish start to the day saw Ripple's XRP shift to a late-morning intraday high of $ 0.53429, dropping just off the first major resistance level at $ 0.5378 before hitting the opposite.
The 2ND the mid-day reversal saw Ripple's XRP drop to an intra-day low of $ 0.51147 before settling down, with Ripple's XRP in hand over the first major level of support of the day for $ 0.5077.
At the time of writing, Ripple's XRP was down 0.16% to $ 0.51654, with a bearish start to the day when Ripple's XRP dropped to a low of $ 0.51252 before finding support to go up to $ 0.52 a day, the main support and resistance levels of the day left untested soon.
For the day ahead, a $ 0.52 and early afternoon pass will hold a run at $ 0.53 levels and the first main resistance level of the day at $ 0.5306, while we expect the XRP of Ripple does not reach $ 0.54 levels on the day, with Ripple's XRP needing to maintain $ 0.53 levels by the end of the day to support a bullish move in the 2ND half the week.
Failure to relegate up to $ 0.52 could see Ripple's XRP return between the morning lows from $ 0.51252 to $ 0.50, with the first major support level of the day at $ 0.5078 much in play in case of inversion, below $ 0.50. tested except particularly negative news affecting the wires.
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