Bitcoin cash – ABC sees red
Bitcoin Cash ABC fell 4.87% on Thursday, partially reversing the 7.8% gain on Wednesday, to close the day at $ 178.68.
A mixed start to the day saw Bitcoin Cash ABC recover from a low morning $ 180.98 to hit a late-morning intraday high of $ 190.16, dropping well below the first major resistance level of the day at $ 198, 57 before hitting backwards.
Slipping in the afternoon Bitcoin Cash ABC dropped to a low intraday day down $ 172.98, the reversal saw the Bitcoin Cash ABC crash through the first major support level at $ 177.17 before returning to $ 180 levels.
At the time of writing, Bitcoin Cash ABC rose 1.97% to $ 182.2, with the moves that saw the Bitcoin Cash ABC move from a low day starting at $ 175.00 at a high morning $ 187.26 before stabilizing, the increased support and resistance of the day untested levels.
For the next day, a return move for the morning high of $ 187.26 will support another run at the first resistance level of $ 188.23 to bring back $ 190 in levels for a 3rd consecutive day, even if the market sentiment will have to improve to sustain a breakout from the first highest level of resistance during the day.
Failure to pass the morning could see Bitcoin Cash ABC increase by $ 180 levels, with a fall between the lows from $ 175 to $ 172 that will likely be bearish, which would see Bitcoin Cash ABC move away from the first day main support level at $ 171. , 05, before any recovery.
Litecoin comes back
Litecoin fell by 2.7% on Thursday, partially reversing the gain of 11.57% on Wednesday, to close the day at $ 33.5.
A downtrodden start to the day saw Litecoin fall to a low day of $ 32.79 before finding support to hit a late-morning intraday high of $ 35.4, the moves during the morning leaving the main resistance levels of the untested day.
Following the broader market, Litecoin saw red through 2ND half of the day, falling to a day from the low intraday day end of $ 32.7 before finding support, the low day holds well above the first level of main support at $ 31.43.
At the time of writing, Litecoin rose 1.34% to $ 33.95, with early-morning moves that saw Litecoin recover from a low of $ 33.0 early in the morning to beat a maximum of $ 34.15 before slowing down, the main levels of support and resistance not tested at the beginning.
For the day ahead, a return to the $ 34 levels will support another run of $ 35 to bring the first resistance level higher at $ 35.03, while we expect $ 36 levels and the second level of resistance to $ 36.57 not to be tested. , a hold on $ 35 levels by closing a positive for the day.
A $ 33.87 pullback of $ 33.02 in the morning low would signal a possible sell-off to bring the day's first major support level to $ 32.33 and $ 31 before any recovery, the market still risk of inversion with the majors mixed at the beginning of the hours.
Ripple follows the package
Ripple's XRP fell 3.1% on Thursday, partially reversing the gain of 7.9% on Wednesday, to close the day at $ 0.38331.
The downtrend of the day saw Ripple's XRP drop from an intraday high of $ 0.39845 to a low of $ 0.37885 in the morning before returning to the levels of $ 0.39, the highest of day short of the first main resistance level at $ 0.4113.
Coming down to a low mid-day intraday of $ 0.3726, Ripple's XRP reached its first major support level at $ 0.3714 before recovering to $ 0.38 levels and a limited afternoon interval.
At the time of writing, Ripple's XRP dropped 0.36% to $ 0.38194, with Ripple's XRP falling to a low of $ 0.37596 before rebounding to a maximum of $ 0.38575, the first moves that did not confirm the main levels of support and resistance of the day.
For the day ahead, a backtrack of up to $ 0.38575 will hold another run at $ 0.39 levels to bring the first resistance level to $ 0.397 in play, with the bulls aiming for $ 0, 40 after Thursday's withdrawal, a catch on $ 0.385 needed during the morning to support a bullish afternoon.
The inability to maintain levels of $ 0.385 could further see Ripple's XRP pullback, with a decline in the morning of $ 0.37596 bringing in the game the first major level of support of the day at $ 0.3711 and $ 0.36 before any recovery.
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