Bitcoin Cash – ABC – Lotte
Bitcoin Cash ABC dropped 6.19% on Thursday, reversing a 4.04% gain from Wednesday, ending the day at $ 159.8.
And it was bearish for most of the day, with Bitcoin Cash ABC going from a high intraday day start $ 174.70 to late afternoon intraday low $ 156.85 before finding support to return to $ 159 levels by the end of the day.
The inversion saw the ABC Cash Bitcoin slide through 38.2% FIB of $ 163 and the first major support level at $ 162.07, while it was missing the first major resistance level at $ 175. , 36 at the start of the day.
At the time of publication, Bitcoin Cash ABC fell 0.72% to $ 158.65, with the moves that saw the Bitcoin Cash ABC rise from a low morning $ 156.81 to a high morning $ 160.71 before go back, the main levels of support and resistance have not been tested soon above.
For the day ahead it would be necessary to move from $ 160.71 to $ 164 to bring $ 170 levels and the first resistance level to $ 170.72 in play before any pullback, Thursday's high share of $ 174 , 7 probably to nail Bitcoin Cash ABC from a breakout to $ 180 levels in the day.
The inability to go back in the morning up to $ 164 levels could see Bitcoin Cash ABC having a great success later in the day, with a fall for the morning low $ 156.81 carrying $ 153 levels and the first major support level of the day at $ 152.87 in play before any recovery, sub- $ 150 support levels hardly at stake during the day.
Litecoin sees red
Litecoin fell 4.04% on Thursday, reversing Wednesday's gain of 3.98%, to close the day at $ 31.6.
Following the broader market, Litecoin dropped from a high intraday day start $ 33.1 to a late afternoon intraday low $ 31.00 before tracking down some of the losses in the last hours of the day.
The pullback saw Litecoin drop the first main support level at $ 31.63, while it was below the first main resistance level at $ 33.94 at the start of the day, key to maintaining Litecoin's $ 31 during the day.
At the time of writing, Litecoin was down 0.41% to $ 31.47, with Litecoin recovering from a low day start at $ 31.21 to reach a maximum of $ 31.79 in the morning before shrinking in red, the main levels of support and resistance not tested at the beginning.
For the day ahead, a return move of $ 31.79 to $ 31.9 will sustain a run at the first major resistance level of $ 32.8 before any pullback, Litecoin is likely to be blocked by a run up to the second resistance level at $ 34 a day.
Failure to move to $ 31.9 could see Litecoin take a big hit later in the day, with a pullback in the low $ 31.21 morning bringing $ 30 levels and the first major support level to $ 30.70 in play before any recovery, under $ 30 unlikely support levels be at stake except for a large crypto-sale event.
Ripple Hits Reverse
Ripple's XRP fell 5.07% on Thursday, reversing a 2.55% increase from Wednesday, to close the day at $ 0.36734.
A bearish start to the day set the tone, with the Ripple XRP falling from a high intraday start to $ 0.38760 to a minimum of $ 0.37142 in the morning before being hit by a second wave for go down to a late afternoon intraday of $ 0.36359.
The sell-off saw the Ripple XRP slip through the first major support level at $ 0.3733 by late morning, managing to maintain levels of $ 0.36 to avoid the second highest level of support at $ 0.3598 during the day.
At the time of writing, Ripple's XRP was down 0.21% to $ 0.36658, a relatively limited start at the start of the day, seeing a low $ 0.365 morning and $ 0 high morning , 36895 leave the main levels of support and resistance of the day not tested at the beginning.
For the next day, a return to highs from $ 0.36895 to $ 0.373 would level a run at $ 0.38 levels to bring the first resistance level into play at $ 0.3821 before any withdrawal, sentiment across the market The broader that needs to improve materially for Ripple's XRP last Wednesday fell to $ 0.39.
Failure to raise the morning maximum to $ 0.37 could see Ripple's return to XRP deeper during the day, a decline during the morning of $ 0.365 leading to $ 0.35 levels and the first support level at $ 0.3581 in play before any recovery, sub- $ 0.35 levels of support unlikely to be in play the day.
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