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Bitcoin Cash – ABC – makes a move
Bitcoin Cash ABC gained 9.7% on Tuesday, recovering from a 9.03% drop at the end of the year, to close the day at $ 162.36.
Bitcoin Cash ABC rose from a low intraday day start of $ 148 to an early morning intraday high of $ 164.90, bucking the broader market, to exceed the first major resistance level at $ 157.83 and 38, 2% FIB retrospection level of $ 163.
Bitcoin Cash ABC managed to recover from an afternoon retreat at $ 153 late in the day, while he was unable to go back with the 38.2% FIB, which turned out to be the bull's line in the sand.
At the time of publication, Bitcoin Cash ABC rose 0.09% to $ 162.51, with early morning moves seeing the rise of Bitcoin Cash ABC from a low day start to $ 160, 84 to a maximum of $ 166.66 in the morning before shrinking, increased support and resistance levels not tested at the start.
For the next day, a holding on $ 160 levels until the morning would have supported another run-through of the morning high $ 166.66 to bring the first resistance level higher to $ 168.84 in play before any pullback, $ 170 levels and the second highest resistance level at $ 175.32 unlikely in play later in the day.
Failure to maintain $ 160 could see Bitcoin Cash ABC drop by $ 158 to signal a sell-off, which would bring the first level of main support to $ 151.94 before any recovery, under $ 150 unlikely levels in play during the day .
Litecoin rebounds
Litecoin gained 6.38% on Tuesday, reversing the 5.64% loss on Monday to close the day at $ 31.68.
Recovering from a first day intraday to $ 29.11, Litecoin managed to break the $ 30 levels by late morning before requesting a $ 30 support at the end of the day to rebound to $ 31.96, Litecoin passed the first higher resistance level at $ 31.13.
While Litecoin avoided the main support levels of the day, Monday's litecoin returned from a breakout at $ 32 levels throughout the day.
At the time of writing, Litecoin was down 0.38% to $ 31.56, with Litecoin falling from a high day start $ 31.85 to a minimum of $ 31.48 a day before it stabilized, the main levels of support and resistance of the day not tested at the beginning.
For the day ahead, an upward return of $ 31.85 will support another run of $ 32 levels to bring the first level of resistance greater than $ 32.72 into play, although Litecoin will need the support of the broader market to move to $ 32 levels, Litecoin having faced much resistance on every turn attempt in recent days.
The failure to raise the morning's $ 31.75 could bring Litecoin's pullback between $ 31.48 to $ 30, bringing the first major daily support level to $ 29.87 before any recovery, with subtitles from $ 29 unlikely to test the day.
Ripple follows the package
Ripple's XRP gained 4.4% on Tuesday, recovering from a 5.51% drop on Monday, to end the day at $ 0.37719.
Relatively bound by Ripple's XRP standards for much of the day, a first-minute intraday of $ 0.35778 avoided the first major day support level at $ 0.3484, with Ripple's XRP recovering and retaining at $ 0.36. levels before an end-of-day rally.
Following the broader market, Ripple's XRP recorded a belated intraday hike of $ 0.37736 before slowing, the high of the day rising from the first main resistance level to $ 0.3819.
At the time of writing, Ripple's XRP was down by 1% to $ 0.37340, with early morning moves where Ripple's XRP dropped from an early morning to $ 0.37869 to a minimum of $ 0.37221 in the morning before settling down, the highest support of the day and the resistance levels left untested.
For the day ahead, an upkeep of $ 0.37 until the morning would have supported a possible recovery in the day, with a move up to $ 0.37869 bringing $ 0.38 levels and the first level of resistance to $ 0.3838 in play before any pullback, Ripple's XRP unlikely touched $ 0.39 levels later in the day.
The inability to maintain levels of $ 0.37 until the morning would see the Ripple call on XRP on support at the first major support level at $ 0.3642 before any recovery, below $ 0.36 support levels unlikely to be tested on the day, except for a large encrypted inversion.
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