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Bitcoin Cash – ABC – Slides
Bitcoin Cash ABC fell by 5.30% on Sunday, 1.02% reversal gain from Saturday, to end the week down 1.92% at $ 122.01.
A late morning intraday high $ 129.33 came up short of the day's first major resistance level at $ 130.34 before hitting reverse.
Bitcoin Cash ABC slid to a mid-day intraday low $ 120.02, falling through the first major support level at $ 126.41 and second major support level at $ 124.66 before the third major support level at $ 120.73 before steadying.
Bitcoin Cash ABC was up 0.42% to $ 122.53, with Bitcoin Cash ABC from a morning start to low. .
For the day ahead, to move to the high price $ 122.75 to $ 123.80 to $ 127.55 before the pullback, with Sunday's high $ 129.33 likely to pin Bitcoin Cash ABC back from to break back through to $ 130 levels.
Bitcoin Cash ABC continue to struggle through the day, with a pullback through to $ 121 levels likely to bring Sunday's low $ 120.00 into play before any recovery, sub- $ 120 and the day's first major support level at $ 118.24 unlikely to be in the play barring another crypto sell-off later in the day.
Litecoin Hits Reverse
Litecoin slid by 5% on Sunday, Saturday's reversing 4.1% gain, to end the week up 2.34% at $ 30.61.
Late-night intraday intraday high price $ 33.08, coming up short of the first major resistance level at $ 33.26, before hitting reverse.
Litecoin fell through the first major support level at $ 31.06 to mid-day intraday low $ 30.20 before finding support, sub- $ 30 levels avoided on the day.
At the time of writing, Litecoin was flat at $ 30.61, with Litecoin falling from an early morning high $ 30.88 to a morning low $ 30.51 before steadying, the day's major support and resistance left untested early on.
For the day ahead, to move back through to $ 31.30 levels could see Litecoin take to run at $ 32.39 into play before any pullback. Sunday's high $ 33.08 Will be to pin Litecoin back from any attempted breakout to $ 34 levels should sentiment improve through the day.
$ 30.51 bringing sub-$ 30 levels and the first major support level at $ 29.51 into play before any recovery.
Ripple Tracks the Pack
Ripple's XRP fell by 4.20% on Sunday, Saturday's reversing 2.36% gain, to end the week down 0.10% at $ 0.32131.
An early morning intraday $ 0.33797 was the only bullish move of the day, Ripple's XRP falling short of the first major resistance level at $ 0.3476, ahead of the broad based market sell-off.
The late morning sell-off of Ripple's XRP slash intraday low at $ 0.31545, down through the first major support level at $ 0.3253 before moving back to $ 0.32 levels.
Ripple's XRP was down 0.13% to $ 0.32088, a ripple's XRP was down 0.13% to $ 0.32088. The moves left the day's major support and resistance left untested.
For the day ahead, a move to the high of $ 0.32235 to $ 0.3250 levels should support to return to $ 0.33. We would expect Ripple's XRP breakout to become a short for the second major resistance level at $ 0.3474.
Ripple's XRP struggle to $ 0.3250 levels could see a ripple in the day, with a fall in the morning $ 0.32027 likely to see Ripple's XRP fall to $ 0.31 levels, bringing the day's first major level at $ 0.3119 into play. We would expect Ripple's XRP to clear the second major support level at $ 0.3024 and sub- $ 0.30 levels on the day, barring a broad based crypto sell-off.
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