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Bitcoin Cash – ABC – Looking for a Rally
Bitcoin Cash ABC fell by 2.83% on Friday, reversing to 2.17% gain from Thursday, to end the day at $ 126.16 and reduce the weekly gain to 1.78%.
Bearish through the day, Bitcoin ABC Cash slid from a start of a day intraday high $ 129.83 to an early evening intraday low $ 125 before finding support.
23.6% FIB Retracement Level of $ 144.
Bitcoin Cash ABC was up 1.32% to $ 127.82, with a bullish start to the day seeing Bitcoin Cash ABC rise from a morning low $ 126.87 to a high morning $ 128.00 before easing back. Left untested early on.
For the day ahead, a hold on $ 127 levels to bring the first major resistance level at $ 128.99 into play. A weekend rally could see Bitcoin Cash ABC break back through to $ 130 levels later in the day, while we would expect Bitcoin Cash to fall short of the second major resistance level at $ 131.83.
Bitcoin Cash ABC hit reverse, with a pullback through to $ 125 levels to get the first major support level at $ 124.16 into play before any recovery.
Hold on $ 127 levels will be key to Bitcoin Cash on to the current week's gains.
Litecoin Holds onto the $ 30s
Litecoin fell by 2.09% on Friday, reversing two consecutive days in the green, to end the day at $ 30.96.
The broader market, Litecoin fell from a start of a day intraday high $ 31.7 to an early evening intraday low $ 30.55, coming within range of the first major support level at $ 30.49 before steadying.
The bearish day saw Litecoin fall short of the first major resistance level at $ 32.24, while managing to avoid sub- $ 30 levels on the day, to hold on to 3.51% gain for the current week.
Litecoin was up to 0.97% to $ 31.26, with Litecoin rising from a morning low start $ 30.95 to $ 31.39 before easing back, the day's major support and resistance levels left untested early on.
For the day ahead, a hold on $ 31.59 to bring $ 32 levels and the day the second major resistance level at $ 32.22 into play before any pullback. Friday's high $ 31.7 will likely pin Litecoin back from more material gains on the day.
In the morning, you can not miss it. You can not lose your money on your credit card at $ 30.45 to play the day. Litecoin to test the second major support level at $ 29.92 before recovering.
Ripple Back in the Red
Ripple's XRP fell by 2% on Friday, reversing at 0.27% fall on Thursday, to end the day at $ 0.32757.
$ 0.33913, with a feeling of the first major resistance level at $ 0.3395, with a sentiment across the broader market weighing to a pull Ripple's XRP into the red early on.
Sliding through the day, Ripple's XRP fell through the first major support level at $ 0.3281 to an intraday low $ 0.32366 before steadying.
1.84%, Monday's 5.61% rally providing the buffer through the week.
At the time of writing, Ripple's XRP was up 1.03% to $ 0.33096, a rise from a start of a morning low $ 0.32758 to a high morning $ 0.33394 seeing Ripple's XRP test the day's first major resistance level at $ 0.3339 before easing back.
For the day ahead, a hold onto $ 0.33 for the first major resistance level at $ 0.3403 on the day.
$ 0.33 levels see Ri Ri Ri Ri Ri Ri Ri Ri Ri Ri Ri Ri Ri Ri Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday Friday into into into into into into into into into into into into into into into
We would expect Ripple's XRP to steer clear of the second major support level at $ 0.3216 and sub- $ 0.32 levels, barring materially negative news hitting the crypto wires.
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