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Bitcoin Cash – Daily Analysis ABC, Litecoin and Ripple – 11/24/18

Bitcoin cash – ABC sees red again

Bitcoin Cash ABC fell 1.66% on Friday, after a 10.87% drop on Thursday, to close the day at $ 201.71, with four days in red on five leaving the ABC cash bitcoin down on the 29.51% for the current week.

A bearish start to the day saw Bitcoin Cash ABC slip through the first level of main support at $ 195.62 at a mid-morning low intraday of $ 192, before stabilizing on a relatively limited afternoon, the first major resistance level at $ 223.75 was not tested with an early afternoon high intraday $ 208.11.

At the time of writing, BCH ABC was up 2.5% to $ 206.75, a bullish start to the day when BCH ABC rose from a low morning from $ 201.15 to a high morning $ 211.33 before go back, BCH ABC managing to break through the first big resistance of the day level at $ 209.21, despite being at the start of the main levels of support of the day.

For the next day, switching from the first major resistance level of $ 209.21 to $ 210 will support another run at the second highest resistance level of $ 216.72, although the broader market will have to be on the move. to support BCH ACB during the day.

Not going back to the levels of $ 210 could see ABC BCH renouncing the gains from early morning, a pullback between the lows of the morning from $ 201.15 to $ 200 that will probably lead to play $ 190, although we would expect that BCH ABC avoid the day's first major support level at $ 193.1, with the exception of particularly negative news affecting the wires.

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Litecoin in movement

Litecoin gained 1.15% on Friday, partially reversing the 8.72% slide on Thursday, to close the day at $ 31.69, the day's gain reducing the loss of the current week to 24 , 31%.

Recovering from a first intraday day of $ 30.33, Litecoin moved into a late morning intraday high of $ 32.77, before returning to a relatively short time, Litecoin sold $ 32 to the levels this day.

The main levels of support and resistance of the day were not tested in what was a day much less moved than in the previous days.

At the time of writing, Litecoin rose 1.67% to $ 32.22, with Litecoin rising from a low day start to $ 31.73 to a maximum of $ 32.98 at the start of the day, Litecoin in contrast with the first major resistance level of the day at $ 32.86 at the start, while taking well above the first major level of daily support at $ 30.42.

For the day ahead, the transition from the first resistance level to $ 33 will bring the second main resistance level to $ 34.04 in play, although we can expect Litecoin to put up a lot of resistance at $ 33 to bet Litecoin back from a breakout on the day.

The inability to move up to $ 33 levels could see Litecoin returning to a minimum of the morning to bring the first major support level to play at $ 30.42 before any recovery, undervaluing $ 30 unlikely support levels to be tested excluding particularly negative news affecting the wires.

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Ripple falls again

Ripple's XRP fell 2.88% on Friday, after a 5.78% fall on Thursday, to close the day at $ 0.4147, a 4th day in red in the week leaving Ripple's XRP down 19.62% from Monday to Friday.

The bearish start of the day saw Ripple's XRP drop from the FPS retracement level of 23.6% to $ 0.4164 and the first major support level of the day at $ 0.4160 and the second main support level at $ 0.4044 at an intraday low of $ 0.39866 before support.

Coming back through the daily support levels and 23.6% FIB retracement level, Ripple's XRP managed to reach the $ 0.429 level by late morning before falling back.

At the time of writing, Ripple's XRP was up 0.85% to $ 0.41821, with mornings seeing the rise of a low morning's ripple XRP to $ 0.41404 a a maximum of $ 0.42873 in the morning before returning to $ 0.41 levels, the highest support of the day and the resistance levels left untested.

For the day ahead, an early morning return of $ 0.42873 would bring in $ 0.43 and the first main resistance level at $ 0.4330 in play before any pullback, with the second resistance level at $ 0.4514 unlikely to be tested excluding a large market based breakout later in the day.

Failure to recover the morning high could see Ripple's XRP return to a low of $ 0.41404 to bring $ 0.40 into play and the first major support level to $ 0.3975 before any recovery, heavier losses. on the unlikely day excluding a news driven event.

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