Bitcoin Cash – ABC – Holds
Bitcoin Cash ABC rose 4.04% on Wednesday after a 9.7% rally on Tuesday to close the day at $ 169.9.
At the end of the day, $ 172.99 intraday saw Bitcoin Cash ABC outperforming the first major resistance level at $ 168.84, with Bitcoin Cash ABC succeeding in exiting the FIB 38.2% retracement level of $ 163 that had blocked Bitcoin Cash ABC back from a move up to $ 170 levels.
In the middle of the morning a low fall of $ 159.70 was as bad as yesterday's, Bitcoin Cash ABC passed the first major support level at $ 151.94 before the afternoon rally.
At the time of publication, Bitcoin Cash ABC was up 0.76% to $ 171.19, with Bitcoin Cash ABC falling from a high day start $ 174.70 to a low morning $ 167.94 before recovering to $ 170 levels, the main levels of support and resistance of the day not tested soon.
For the next day, keeping the levels of $ 170 until the morning should bear another run at the first major resistance level at $ 175.36, with continuous support from the broader market needed for Bitcoin Cash ABC to run at $ 180 levels and the second highest resistance of the day level at $ 180.82.
Failure to reach $ 170 could see the withdrawal of Bitcoin Cash ABC by the low morning of $ 167.94 to bring the day's first major support level into play for $ 162.07 before any recovery, with $ 160 level unlikely in game in the day.
Litecoin Back in the Red
Litecoin gained 3.98% on Wednesday, after a gain of 6.38% on Tuesday, to end the day at $ 32.94.
A limited series at the start of the day saw Litecoin return to a late-morning intraday of $ 31.33, driving well away from the first major support level of the day at $ 29.87.
The upward momentum in the rest of the day saw Litecoin break through the first resistance level at $ 32.72 to reach a $ 33.64 high intraday before returning to $ 32, the second resistance level at $ 33. , 77 maintaining Litecoin again on the upside, with a second consecutive day in the 5.64% postponement of the inverted green New Year's Day.
At the time of writing, Litecoin had fallen 0.61% to $ 32.74, with early-morning moves that saw Litecoin go down from $ 33.10 to a low S32.51 before stabilizing, the main levels of support and resistance of the day not tested at the beginning.
For the day ahead, a hold of $ 32.70 would support another move up to $ 33 levels to bring the first resistance level higher at $ 33.94, while Litecoin probably will not reach the second level of resistance to $ 34.95, with $ 33.64 chance to block any breakout from the first major resistance level.
Failing to keep the levels of $ 32.70, Litecoin dropped back to $ 32.51 to bring $ 31 levels and the first support level to $ 31.63 in play before any recovery, under $ 31. unlikely support levels to be tested excluding a large crypo collapse later in the day.
Ripple Hits Reverse
Ripple's XRP rose 2.55% on Wednesday, after a 4.4% gain on Tuesday, to close the day at $ 0.38683.
A downtrend of the day saw Ripple's XPP return to a low-end intraday at $ 0.36967 before finding support during the rest of the day, Ripple's XRP managing to maintain the first level of support. main to $ 0.3642.
The recovery saw Ripple's XRP break through the first resistance level of $ 0.3838 to an intraday high of $ 0.39306, testing the second main resistance level of the day at $ 0.3904 before reporting at 0.38 levels.
At the time of writing, Ripple's XRP was down 1.37% to $ 0.38154, Ripple's XRP falling from a start of the day to $ 0.3876 to a minimum of $ 0.3789 in the morning before the recovery at $ 0.38 levels, the main levels of support and resistance not tested at the beginning.
For the day ahead, a return to levels of $ 0.3840 will support a run at $ 0.39 levels to bring the first resistance level higher to $ 0.3967 before any pullbacks, $ 0.40 levels and the second resistance level at $ 0.3967 improbable in the block game is a material change in sentiment across the broader market.
Failure to return to the $ 0.384 level by early afternoon could see Ripple's XRP pick up more success throughout the day, with a pullback of up to $ 0.3789 bringing the first level of main support into play at $ 0.3733 and $ 0.36 before recovery, the second highest level of support at $ 0.3598 is unlikely to be in play during the day.
Buy and Sell Cryptocurrency instantly
