Bitcoin Cash – ABC – On the Move
The Bitcoin Cash ABC fell 0.57% on Wednesday, after a 0.08% decrease on Tuesday, to close the day at $ 157.99, the fall to 3rd day in a row.
A bullish start to the day saw Bitcoin Cash ABC rise to an early morning intraday high at $ 160.0 before hitting backwards, the high of the day rose from the first major resistance level to $ 162.91.
Slipping in the morning and early afternoon, Bitcoin Cash ABC reached a late afternoon intraday of $ 156.04, inviting support to the first major support level at $ 155.98 before stabilizing.
It was a relatively limited day by the standards of Bitcoin Cash ABC, with a late attempt to exceed $ 160 with an afternoon peak of $ 159.38.
At the time of writing, Bitcoin Cash ABC rose 1.66% to $ 160.60, with a bullish start to the day when Bitcoin Cash ABC hit the resistance record at $ 159.28 and the second level resistance to $ 161.97. compare with the 38.2% FIB of $ 163 before going back.
For the next day, a hold on $ 160 levels until the morning will support another break in the second resistance level of $ 161.97 to re-cast the 38.2% FIB of $ 163, while it would be necessary support from the broader market to bring $ 165 levels and the third highest resistance level to $ 165.93 in play.
Failure to maintain $ 160 levels could see the withdrawal of Bitcoin Cash ABC from a low of $ 159.53 to $ 158 and the first major support level of the day to $ 156.02 in play before any recovery, more losses. heavy goods not provided for in the day.
Litecoin Eyeing $ 40
Litecoin fell 1.41% on Wednesday, partially reversing the 3.9% gain on Tuesday, to close the day at $ 38.58.
One day in particular saw Litecoin move into a $ 1.70 spread throughout the day. An early morning high intraday high of $ 40.03 approached the first major resistance level at $ 41.09, with an early afternoon intraday round at $ 38.31 well away from the first major support level of $ 37.31. , 34.
Downward pressure from the broader market eventually brought Litecoin back to the red at the end of the day, while Litecoin only saw red for the 3rd day of this year.
At the time of writing, Litecoin rose 0.65% to $ 38.83, a relatively limited start to the day as Litecoin rises from a low morning to $ 38.54 to a high $ 39 morning, 25 before returning to $ 38 levels, the most support of the day and the resistance levels remained untested at the start.
For the day ahead, a return to the $ 39 level will sustain a break in the first major resistance level at $ 39.64 to bring back $ 40 in levels for a 3rd consecutive day, with the support of the broader market needed for Litecoin to run a run at the second level of resistance greater than $ 40.69 during the day.
The failure to return to the $ 39 level could see Litecoin return in the morning of $ 38.54 to bring $ 37 levels and the first level of support to $ 37.92 in play, heavier losses not foreseen excluding a large sell-off later in the day.
Ripple Spikes
Ripple's XRP gained 0.46% on Wednesday after a 0.24% rise on Tuesday to close the day at $ 0.37601.
In contrast to the broader market, Ripple's XRP reached a late morning intraday high of $ 0.3799, before succumbing to market forces to slip into an intraday early afternoon at $ 0.36361.
Calling assistance at the first level of primary support at $ 0.3657, Ripple's XRP managed to return to $ 0.37 late levels to end the day in positive territory.
At the time of writing, Ripple's XRP grew by 1.9% to $ 0.38316, a bullish start to the day when Ripple's XRP exceeded the first resistance level at $ 0.3827 and the second resistance level at $ 0.3895 to reach a maximum of $ 0.4050 before slowing down.
The news of a new partnership between Ripple and Flash FX led to a peak of the day at $ 0.4 level.
For the next day, an upkeep of $ 0.38 up in the morning should support a second-round resistance recovery of $ 0.3895 to bring $ 0.39 back into play, while Ripple's XRP will be probably running out of the day $ 0.405. .
The inability to maintain the levels of $ 0.38 could see Ripple's XRP ripping through the levels of $ 0.373 to bring the first main support level to $ 0.3664 into play before any recovery, with the sentiment across the broader market that needs to physically deteriorate for a sell-off later in the day.
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