[ad_1]
Bitcoin Cash – ABC – Lotta Continua
Bitcoin Cash ABC gained 0.38% on Friday after a 6.19% drop on Thursday to close the day at $ 158.86.
A mixed day saw the Bitcoin Cash ABC rise to a late-morning intraday high of $ 163.19, testing the selling pressure at 38.2% FIB Retracement Level before hitting the reverse, the first major resistance level of the day at $ 170.72 not tested.
The reversal saw the ABC Cash Bitcoin drop to an intraday low of $ 153.00, calling support at the first major support level at $ 152.87 before recovering to $ 158 at the end of the day.
At the time of writing, Bitcoin Cash ABC was down 0.54% to $ 158.00, with a trend going against the start of the day when Bitcoin Cash ABC falls from a morning peak of $ 161.52 in a minimum of $ 158.00, the main levels of support and resistance of the day were not tested soon.
For the day ahead, a holding of $ 158 up in the morning would have supported a return to the morning high of $ 161.52 to bring the FIB retracement level of 38.2% to $ 163 and the first major level of support for $ 163.70 at stake, with the broader market needing a sustained rally during the day to sustain a break through the second highest resistance level at $ 168.54 to bring $ 170 levels into play.
The failure to maintain $ 158 levels during the morning could see Bitcoin Cash ABC drop deeper into the red, with a $ 155 level decline leading the day's first major support level to $ 153.51 in play before any recovery, under $ 150 improbable support levels in play all day.
Litecoin finds support
Litecoin earned 1.33% on Friday, partially reversing a 4.04% loss from Thursday, to end the day at $ 32.02.
A relatively bullish morning saw Litecoin rise to mid-day at $ 32.64 intraday before slipping to an early afternoon low intraday $ 31.01, Litecoin reaching the range of the first highest resistance level at $ 32.8, while avoiding the main levels of support during the day.
Following the broader market, a late recovery saw Litecoin return to $ 32 levels by the end of the day, underestimating the $ 31 levels avoided during the day.
At the time of writing, Litecoin rose 2.5% to $ 32.82, the Friday rally in progress until the early hours of this morning, with Litecoin rising from the start of a day $ 32.01 per reach a maximum of $ 33.13 in the morning before lowering to $ 32 levels, Litecoin exceeding the first resistance level higher at $ 32.77 in the early hours of the day.
For the next day, a hold higher than the first resistance level greater than $ 32.77 will support another break up to $ 33 levels to bring the second highest resistance level to $ 33.52 in play before any retirement , $ 34 levels that will probably stay out of reach for the day.
Failure to hold above the first resistance level could see Litecoin pulling back $ 32.01 for the low morning to bring back $ 31, while we expect Litecoin to avoid the $ 30 levels, with the first major level of support from day at $ 31.14 to prevent heavier losses in the event of sales.
Ripple Steadies
Ripple's XRP gained 0.23% on Friday, partially reversing a 5.07% slide from Thursday, to end the day at $ 0.36855.
Following the broader market, Ripple's XRP rose to a late intraday high at $ 0.37434 before hitting the reverse, with the sales pressure from the broader market leading the XRP. of Ripple at an intraday minimum of $ 0.3584.
Finding support for the first major support level at $ 0.3581, Ripple's XRP returned to $ 0.37 at the end of the day, returning to $ 0.36 at the end of the day.
At the time of writing, Ripple's XRP rose by 1.02% to $ 0.37230, with mornings that saw Ripple's XRP rally from a low day to $ 0.36810 to reach a maximum of $ 0.37823 in the morning before falling, the Ripple XRP clashing with the first resistance level higher at $ 0.3758 at the start of the day.
For the next day, an upkeep of $ 0.37 until the morning would sustain another break in the first resistance level of $ 0.3758 to bring $ 0.38 levels into play before any retreat, the second resistance level greater than $ 0.3830 probably to prevent further material gains in the event of a long day event.
The inability to maintain the levels of $ 0.37 could see Ripple's XRP return to a minimum of $ 0.36810, with levels below $ 0.367 bringing the first significant level of support back to $ 0 , 3590 before any recovery, heavier losses not expected during the day, less than a large sell-off encryption.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Buy & amp; Sell Cryptocurrency instantly"data-reactid =" 96 "> Buy and Sell Cryptocurrency instantly
<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This article it was originally published on FX Empire "data-reactid =" 97 "> This article was originally published on FX Empire
