Bitcoin Cash – ABC – Struggles Continue
Bitcoin Cash ABC slipped by 0.68% on Saturday, reversing at 0.38% gain from Friday, to end the day at $ 158.7.
Bitcoin Cash ABC short to low early intraday $ 155.82 before bouncing back in the early afternoon, Bitcoin Cash
The early afternoon rally saw Bitcoin Cash ABC break through the 38.2% FIB Retracement Level of $ 163 and first major resistance level at $ 163.86 to strike an intraday $ 165 before sliding back to sub- $ 160 levels by the day's end.
Bitcoin Cash ABC was down 1.01% to $ 157.1, with Saturday's early reversal spilling into the early hours, Bitcoin Cash left untested early on.
38.2% FIB of $ 163 to bring the first major resistance level at $ 163.86 into the day for $ 163.66 the bulls. By Saturday's $ 165 high.
Bitcoin Cash ABC with pressure on the day, with a pullback through the morning $ 157 bringing in $ 155 levels and the first major support level at $ 154.68 into play before any recovery.
Litecoin Leads the Way
Litecoin rallied by 7.68% on Saturday, followed by from 1.33% on Friday, to end the day at $ 34.48, its highest price since late November.
Low-cost intolerance, low-cost, high-risk, low-cost, high-risk, low-cost, high-risk, low-risk, high-risk, low-risk, high-risk levels day's third major resistance level $ 35.15.
A bullish week for Litecoin, which is up 9.25% through Saturday and has been attributed to a number of factors including the launch of Ethereum and Litecoin perpetual swaps by Crypto exchange OKEx earlier in the week and increased adoption.
Litecoin was up 0.64% to $ 34.7, with moves through the early hours seeing Litecoin strike at the morning high $ 35.17, the major support and resistance levels left untested early on.
For the day ahead, a hold above $ 34.20 with the first major support level at $ 36.39 into play, with Friday's $ 36.11 likely to pin Litecoin back from a breakout and run at the second major resistance level at $ 38.30.
$ 34.2 bring in the day, with a pullback through the morning $ 34.66 $ 32.29 $ 32.29% -off.
Ripple Looks for Support
Ripple's XRP fell by 2.02% on Saturday, reversing at 0.23% rise on Friday, to end the day at $ 0.3611.
$ 0.37823 saw Ripple's XRP as up against the day's first major resistance level at $ 0.3758 before easing back to $ 0.36 levels.
Ripple's XRP low in the day, Ripple's XRP low at $ 0.35014, Ripple's XRP falling through the first major support level at $ 0.3599 before moving back through to $ 0.36 levels.
Ripple's XRP was up 0.68% to $ 0.36355, with Ripple's XRP falling from a morning high $ 0.36586 to a low $ 0.36036 before recovering, the major support and resistance levels left untested early on.
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Ripple's XRP pullback through the morning low to $ 0.35 levels, the first major support level at $ 0.3481 into play before any recovery, the second major support level at $ 0.3351 unlikely to be tested barring to broad based crypto sell-off later in the day.
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