Analysis of Bitcoin Cash, Litecoin and Ripple Daily – 12/11/18


Bitcoin Cash Slides again

Bitcoin Cash slipped 4.1% on Sunday, reversing Saturday's 2.27% gain, to end the day at $ 535.5, the day's loss leaving Bitcoin Cash down 6.38% for the week .

Bearish for the whole day, Bitcoin Cash reversed from the beginning of a day intraday high $ 558.4 which exceeded the first main resistance level at $ 572.93, with Bitcoin Cash having passed the first level of support principal at $ 539.23 and the second main support level at $ 519.87 at an early afternoon low intraday $ 518.2 before finding support to get back to $ 530 by the end of the day.

At the time of writing, Bitcoin Cash was down 2.26% to $ 523.4, with early-morning fluctuations that saw Bitcoin Cash fall from the start of a day high $ 537.8 to a minimum of $ 521.3 in the morning, the main levels of support and resistance of the day not tested soon above.

For the day ahead, a return move for the morning's 537.8 $ and early afternoon wait will support a run to the first major resistance level of $ 556.53 before any retreat, with the second highest resistance level of the day at $ 577.5 unlikely in play, except particularly positive news affecting the wires.

The missed ascent of the morning up and waiting could see the Bitcoin Cash take the biggest shot in the day, with the first major level of support of the day at $ 516.33 much at stake during the day if the sentiment does not improve, while we would expect under-$ 500 support levels to remain untested.


Litecoin hits $ 40

Litecoin fell 2.04% on Sunday, reversing the gain of 0.41% on Saturday, to close the day at $ 50.8, the loss of the day leaving Litecoin down 5.72% for the week.

A bearish morning saw Litecoin slip from an early morning intraday high $ 51.99 to an early afternoon intraday low $ 49.5, the reversal that sees Litecoin slip through the main support levels of the day before the support come into play, a late meeting that takes Litecoin through the third main support level at $ 50.29 at the end of the day $ 50.8.

At the time of writing, Litecoin rose 0.22% to $ 50.91, a relatively rough start on the day Litecoin collapsed from the start of a day high $ 51.34 to a minimum of $ 50, 59 morning before recovery, the main levels of support and resistance of the day were not tested early.

For the day ahead, an uptrend of $ 51.34 will support another $ 52 level race to bring the first major resistance level to $ 52.03 before any withdrawal, $ 53 levels. and the second level of resistance at $ 53.25 unlikely to play the day.

Failure to return to the $ 51 level and peak in the morning could see Litecoin come back later in the day, with a fall of $ 50.76 bringing below $ 50 levels and the first major support of the day at $ 49.54 in game before any recovery, more unlikely material losses by excluding negative news affecting the wires.


Ripple sees Choppy Waters

Ripple's XRP gained only 0.15% on Sunday, following a Saturday 0.99% increase, to close the week of 8.5% to $ 0.51004.

Following the broader market, a first bearish part of the day saw Ripple's XRP ripping through the first major support level at $ 0.5025 to request support for the second highest level of daily support at $ 0.4955 with a intraday in the early afternoon low at $ 0.49775.

A late afternoon recovery saw Ripple's XRP break the main support levels at $ 0.51 at the end of the day, the main resistance levels of the day not tested, with the Ripple XRP that exceeded the FIB retracement level of 38.2% of $ 0.5225.

At the time of writing, Ripple's XRP was down 0.01% to $ 0.51, going through the early morning seeing Ripple's XRP drop from a $ 0 high day start, 51493 to a minimum of $ 0.50764 in the morning before recovering to $ 0.51 levels, the first moves that saw Ripple's XRP compare to the first main resistance level at $ 0.5155, while avoiding the first major level of support for $ 0.5012.

For the next day, a $ 0.51 hold will support a run at the first major resistance level at $ 0.5155 to bring 0.52 levels and the second resistance level to $ 0.5210 at stake, even if the 39; Ripple's XRP will have to make an initial run at $ 0.5155 to bring in $ 0.52 levels.

The inability to maintain levels of $ 0.51 in the morning could see Ripple's XRP pick up a hit later in the day, with a decline of $ 0.5066 bringing the first level of major support to $ 0.5012 and $ 0.50 support levels in play before any recovery, the second of the day support level greater than $ 0.4923 much at stake in the event of a sell-off.


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