Cash Rallies of Bitcoin Again
Bitcoin Cash rose 18.76% on Sunday, after a 3.33% increase on Saturday, to close the day at $ 571.6, with 3 consecutive days of hard fork driven moves that brought Bitcoin Cash to a profit 29.15% for the week.
One particularly bullish day saw the Bitcoin Cash rally from the start of a low intraday day from $ 480.4 to a late afternoon intraday high of $ 593.8, outperforming the highest resistance levels of the day and holding on to the third main resistance level at $ 533.43 by the end of the day, with gains coming out of support for BCH 15th November rigid fork.
At the time of writing, Bitcoin Cash had fallen 4.53% to $ 545.8, with Bitcoin Cash falling from a day's high of $ 572 to a morning low of $ 542, the main levels of support and Resistance of the day have not been tested as investors block some last week's profits.
For the day ahead, a return to $ 550 levels will support a return to positive territory to bring $ 600 levels into play and the first major resistance level to $ 616.8 at stake, although much will depend on hard fork chatter during the day.
Failure to relegate $ 550 by early afternoon could see Bitcoin Cash take a big hit later in the day, with a fall in the morning of $ 542 bringing the first level of major support to $ 503.4 and $ 500 levels in play before any shooting.
Litecoin Gets a Boost
Litecoin has recovered 6.46% on Sunday, reversing the loss of 1.02% on Saturday with interest, to close the day at $ 53.88, the Sunday rally bringing Litecoin into positive territory and a gain 4.54% for the week.
Following the broader market, Litecoin recovered from a low intraday day start $ 50.47 to a late afternoon intraday high $ 55.94, outpacing the highest resistance levels of the day and keeping the third major resistance level at $ 52. , 67 by the end of the day.
At the time of writing, Litecoin was down 1.19% to $ 53.24, with early morning moves that saw Litecoin fall from $ 54.7 to a low $ 52.75 morning before settling down, the first moves that left untested support and resistance tests.
For the day ahead, a return to $ 53.43 will support a $ 54 run, with any rebound on the wider markets bringing $ 55 levels into play before any reversal, the first major resistance level of the day at $ 56, 39 unlikely to test the day.
The non-withdrawal of $ 53.43 could see Litecoin fall further back in the day, with a low morning rebound of $ 52.75 bringing the $ 52 levels into play, while we expect Litecoin to avoid the first major support level at $ 50.92, excluding materially negative news affecting the wires.
The ripple delayed the majors
Ripple's XRP gained 2.79% on Sunday, reversing the 1.12% fall on Saturday, to end the day at $ 0.47008, with a day's recovery that allowed Ripple & # 39. ; s XRP to get a 1.24% gain for the week.
The bearish start of the day saw Ripple's XRP drop to the first major support level at $ 0.4535 to request assistance at the second major support level at $ 0.4497 with a minimum intraday of $ 0.44929 mid-morning.
Following the broader market, Ripple's XRP rallied the main resistance levels of the day to a maximum intraday of $ 0.47854 before returning to the third resistance level at $ 0.4776 at the end of the day, a certain return volatility to the cryptomarket on the weekend.
At the time of writing this article, Ripple's XRP had dropped 0.52% to $ 0.46764, with mornings that saw Ripple's XRP drop from a high of $ 0.47155 at a low of $ 0.46500 before stabilizing, the main support and resistance levels were not tested in the beginning.
For the day ahead, a return to $ 0.47 and a maximum of $ 0.47155 to support $ 0.88 levels and the first major resistance level to $ 0.4827, although we expect the Ripple's XRP has much resistance on any passage up to $ 0.48 levels to block the Ripple XRP at $ 0.47 levels by the end of the day, in the case of an afternoon rally.
The inability to return to $ 0.47 levels could see Ripple's XRP drop deeper into the red, with a fall in the morning of $ 0.46500 leading to $ 0.45 levels and the first level support at $ 0.4534 in play, the heaviest losses on the unlikely day excluding particularly negative news threads.
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