Cash Bitcoin – ABC finds relief
Bitcoin Cash ABC gained 4.07% on Sunday, partially reversing the 14.26% slide on Saturday, to close the day at $ 180.95, the partial recovery left BCH ABC down 36.77 % for the week.
A particularly clumsy day saw ABC ABCs go down to a low intraday late in the morning and swing back to $ 146.87 before ample recovery of the cryptomarket, with BCH ABC rising to an intraday peak of $ 186.2.
The moves in the late afternoon saw BCH ABC not be at the height of the highest resistance levels of the day, while the morning sales saw ABC BCH slipping through the first level of main support at $ 153.84.
At the time of writing, BCH ABC was down 1.89% to $ 177.53, with ABC ABC falling from a day high of $ 186.10 to a minimum of $ 170, before to find support, the main levels of support and resistance of the day not tested at the beginning.
For the next day, a return to the morning level would lead to levels of $ 190 and the first main resistance level of the day to $ 195.81 at stake, with gains in the broader market that must be maintained until the morning to support a recovery .
Failure to climb the morning high could see BCH ABC retiring during the low morning of $ 170, with a fall of $ 171 supporting a slide up to $ 160 low before any recovery, the first major level of support of the day at $ 156.48 at stake should the widest market deteriorate during the day.
Litecoin returns to $ 30
Litecoin gained 6.36% on Sunday, reversing much of the 9.86% slide on Saturday, to close the day at $ 30.43, the rebound reduced the week's loss to 27.32%.
Following the broader market, Litecoin slipped until a late morning of intraday and the new swing was $ 26.37, the reversal saw Litecoin calling on support at the first major support level of the day at $ 26, 52 before the afternoon rebound.
During the afternoon rally, Litecoin switched to a high intraday of $ 31.92 to face the first major resistance level at $ 31.83, before returning to $ 30 at the end of the day.
At the time of writing, Litecoin was up 1.71% to $ 30.95, a bullish start on the day Litecoin rises from a low morning to $ 30.37 a morning high $ 31.33 before to reduce, the main levels of support and resistance of the day not tested at the beginning.
For the day ahead, a return to the levels of $ 31 and $ 31.33 in the morning would bring $ 32 levels into play throughout the day, although Litecoin would need the broader market support to make a run at the first level of resistance for $ 32.78.
The non-withdrawal of the $ 31 could see Litecoin go back in the day, with a pullback of up to 30.37 dollars in the morning bringing the levels of $ 30 into play, while we expect that Litecoin will avoid the first important level of support at $ 27.23 excluding materially negative news affecting the wires.
Ripple Holds
Ripple's XRP increased by just 0.72% on Sunday, after a 8.3% slide on Saturday, to close the day at $ 0.38272, the day's minor gain left the XRP of Ripple down 25.82% for the week.
A continuation of Saturday's sell-off saw Ripple's XRP exceed its first major daily support level at $ 0.3564 and the second main support level at $ 0.3325 at an intraday low of $ 0.329 before to find support from the broader market.
The afternoon session saw Ripple's XRP bouncing on a maximum intraday of $ 0.39629 before going back, the main resistance levels of the day were not tested, with the Ripple XRP that did not reached the 23.6% retracement level of $ 0.4164.
At the time of writing this article, Ripple's XRP was down 1.7% to $ 0.37623, with a brisk start to the day when Ripple's XRP moved to a maximum of $ 0.39890 before falling to a minimum of $ 0.37309, the main support and resistance levels of the day left untested soon.
For the next day, a return to the levels of $ 0.38 would signal a $ 0.39890 high morning run to bring $ 0.40 levels and the first major resistance level of the day to $ 0.4097 in play before any withdrawal, the direction of the broader market should have an influence through the day.
Failure to return to levels of $ 0.38 could see Ripple's XRP pick up more success throughout the day, with a decline during the morning of $ 0.37309 with a probability of bringing $ 0.35 into play before any recovery, the first major level of support of the day at $ 0.3424 is unlikely to be tested except for particularly negative news affecting the wires.
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