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Bitcoin Cash – Daily Analysis ABC, Litecoin and Ripple – 12/01/19

Bitcoin Cash – ABC – in the Red Again

The Bitcoin Cash ABC dropped 3.61% on Friday, after Thursday's 16.69% slide to close the day at $ 127.00.

A relatively early morning saw Bitcoin Cash ABC hit an early morning intraday high $ 133.04 before sliding to levels below $ 130. A rebound of $ 132 mid-morning was short-lived, with Bitcoin Cash ABC being dropped to a low intraday late in the morning and a new swing to $ 126.8, before recovering in the afternoon to limit the losses of the day.

The moves during the day saw Bitcoin Cash ABC avoid the main levels of support and resistance

At the time of publication, Bitcoin Cash ABC rose 6.25% to $ 134.93, with early-morning moves that saw the rise of Bitcoin Cash ABC from the start of a low-day $ 129 , To a maximum of $ 136.33, exceeding the first resistance level higher at $ 131.09 and the second highest resistance level at $ 135.19 before turning back.

For the day ahead, a recovery of the second-highest resistance level at $ 135.19 would sustain a run of $ 140 levels to bring the third level of main support into play at $ 141.43, although broader market support It would be necessary for the break-up of Bitcoin Cash ABC out of current levels and to avoid a pullback.

The inability to go back in the second highest resistance level could see Bitcoin ABC Cash hit back later in the day, a fall back through the first major resistance level to $ 131.09 bringing in play $ 130 levels before any recovery, the first major level of support at $ 124.85 will hardly be in play on the day.

Litecoin sees more red

Litecoin dropped 4.45 on Friday, after the fall of 13.76% on Thursday, to close the day at $ 31.79.

Relatively to the limit of most of the day by recent standards, Litecoin switched to an early morning intraday high at $ 33.71, well below the first major resistance level at $ 37.71.

An early morning low $ 32.00 saw Litecoin hold well above the first level of main support at $ 30.37, with Litecoin managing to climb up to $ 33 in the afternoon before hitting back later in the day, Litecoin hitting a low intraday $ 30.43 to claim support for the first major support level at $ 30.37.

At the time of writing, Litecoin rose 0.53% to $ 31.96, with a one day high start $ 32.61 before returning to a low day of $ 31.65, the highest level of support and resistance of the day was not tested at the start.

For the next day, a return to the $ 32 levels will support another run at the first major resistance level at $ 33.52, while we would expect the $ 33.71 high on Friday to shut down Litecoin back from any breakout to bring the second level of resistance greater than $ 35.26 in play.

Failure to return to $ 32 levels could see Litecoin under sales pressure to bring the first major support level into play at $ 30.24 before any recovery, under $ 30 unlikely support levels to test excluding another crypto merger later in the year course of the day.

Ripple Steadies

Ripple's XRP dropped just 0.1% on Friday, after the 10.63% slide on Thursday, to close the day at $ 0.33597.

Following the broader market throughout the day, a relatively small day saw Ripple's XRP rise from a low morning of $ 0.33143 to hit a mid-day intraday high of $ 0.34495 before slowing down. , the first important support of the day and untested resistance levels.

Unable to keep the levels of $ 0.34 for the rest of the day, a crypto late and wide sell-off has started to bring Ripple's XRP to a low intraday of $ 0.33018 and red For the day.

At the time of writing, Ripple's XRP grew 0.22% to $ 0.3367, Ripple's XRP dropped from a morning high to $ 0.3410 to a minimum of $ 0 , 33351 before recovery, the main support and resistance levels were not tested at the beginning.

For the next day, an upkeep of $ 0.336 up in the morning would have supported a return move of up to $ 0.3410 to bring the first resistance level higher to $ 0.3439 in play before any retreat. Support from the broader market would be needed to bring the levels and the second resistance level higher at $ 0.3518 into play later in the day to $ 0.35.

Failure to maintain $ 0.336 levels could see Ripple's XRP ripping to levels below $ 0.33 to claim support for the first major support level at $ 0.3291, with any cryptocurrency based on a large probability of bringing the second main support level at $ 0.3223 in play before any recovery.

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