Bitcoin Cash – ABC – in the Red
Bitcoin Cash ABC dropped 6.54% on Sunday, reversing a 2.49% gain from Saturday, to close the week down 24.7% to $ 124.43.
A high early morning intraday high $ 134.00 came short of the first major resistance level at $ 136.33 before hitting the opposite
Reverse through the late morning and early afternoon, Bitcoin Cash ABC slid the first major support level to $ 129.28 and the second main support level to $ 125.86 to hit an intraday low and a new $ swing 121.48.
Bitcoin Cash ABC managed to find support at the end of the day to avoid levels below $ 120, but was not able to go back to the second level of main support, closing the day at the lowest level since 18th December to $ 103.65.
At the time of publication, Bitcoin Cash ABC was down 0.22% to $ 124.16. The moves during the early hours of the day saw Bitcoin Cash ABC rise to a maximum of $ 125.2 in the morning before returning to a low $ 123.5 morning.
For the day ahead, a return to the high levels of $ 125.2 to $ 126.7 would support a run of $ 130 levels to bring the first resistance level higher to $ 131.79 before any pullback. The broader market support would be necessary for Bitcoin Cash ABC to maintain $ 130 levels in the event of afternoon recovery.
Failure to move to $ 126.7 levels could see Bitcoin Cash ABC dropping deeper into the red. A withdrawal during the morning of $ 123.5 will bring the low $ 121.48 on Sunday and the first major support level to $ 119.27 in play before any recovery. Heavier losses are not expected throughout the day, unless there is another large-scale crypto-sale.
Litecoin on the rise
Litecoin slipped 6.62% on Sunday, reversing the gain of 0.82% from Saturday, to close the week down 23.1% to $ 29.92.
A bullish start to the day saw Litecoin break through the first resistance level of $ 32.60 to hit an intraday high of $ 32.88 before being hit by a large encryption.
The reverse saw Litecoin slip to a low intraday delay of $ 29.51. Litecoin passed the first major support level at $ 31.49 and the second main support level at $ 30.94 to claim support at the third level of main support at $ 29.83 before returning to $ 29.9 levels .
At the time of writing, Litecoin had risen from 1.14% to $ 30.26, a low morning $ 29.8 and a high $ 30.26, leaving the main levels of support and resistance not tested at the time. beginning.
For the day ahead, a move up to $ 30.80 would support a $ 31 level run to bring the first resistance level higher to $ 32.03. The $ 32.88 high on Sunday will likely reduce Litecoin from a breakout to $ 33 during the day.
The inability to switch to $ 30.80 levels by early afternoon could see Litecoin hitting back later in the day. A stumbling block between the low morning of $ 29.80 and the low $ 29.51 on Sunday could see Litecoin drop to $ 29 levels to claim support at the first level of main support at $ 28.66 before of any recovery.
Ripple finds support
Ripple's XRP fell 4.13% on Sunday, after a 0.09% fall on Saturday, to close the week down 14.6% to $ 0.32183.
A bullish start to the day saw Ripple's XRP hit an intraday high at the start of $ 0.3410 to hit the first resistance level higher at $ 0.3404 before hitting the opposite.
Ripple's XRP dropped to a late afternoon intraday of $ 0.31819 before recovering to $ 0.32 levels.
The reversal saw Ripple's XRP slip through the first major support level at $ 0.3316 and the second main support level at $ 0.3275 to request assistance at the third level of support. main support for $ 0.3187.
At the time of writing, Ripple's XRP increased by 1.76% to $ 0.32751. Early in the morning saw Ripple's XRP rise from a low morning to $ 0.32121 to a maximum of $ 0.32922 in the morning before going back, the main levels of support and resistance of the day were not tested at the # 39; beginning.
For the day ahead, an upkeep of $ 0.3270 until the morning would have supported a move in the morning highs from $ 0.32922 to $ 0.33. A first run at the first resistance level higher at $ 0.3358 could see Ripple's XRP attempt to move up to $ 0.34 levels later in the day, the broader market support needed to hit the & rsquo; $ 0.341 high on Sunday.
The inability to maintain the $ 0.327 levels could see Ripple's XRP drop to a low in the morning of $ 0.32121 to bring $ 0.31 levels and the first major support level to $ 0.3130 in play. Excluding another crypto sell-off, levels below $ 0.31 are unlikely to be tested during the day.
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