Bitcoin Cash – ABC on Slide Again
Bitcoin Cash ABC gained 0.76% on Wednesday, partially reversing the 4.99% slide on Tuesday to close the day at $ 95.69.
A relatively bullish day saw Bitcoin ABC Cash rise from a low intraday day start at $ 94.23 to a late afternoon intraday high at $ 98.55 before falling back to $ 95 levels by the end of the day.
The moves during the day left the maximum support and resistance levels untested, the rally did not bring Bitcoin Cash ABC to $ 100 levels to bring the first level of resistance higher to $ 101.16, Bitcoin Cash ABC not touching $ 100 levels for the first time from the rigid BCH fork.
At the time of publication, Bitcoin Cash ABC was down 0.84% to $ 94.89. Bitcoin Cash ABC fell from a $ 96.22 high day to a low of $ 93.98 before recovering; the main support and resistance levels of the day were not tested in the beginning.
For the day ahead, it would be necessary to go back to the end of Wednesday from $ 95.69 to $ 96 to support another day in positive territory, going from $ 96 levels bringing in the game the first big drag of the day at $ 98 , 08. No further material gains are expected, with the high figure on Wednesday of $ 98.55 that could block Bitcoin Cash ABC during the day.
Failure to return to $ 96 could see Bitcoin Cash ABC return deeper into the red, a pullback in the morning to $ 93.98 and the first major support level to $ 93.76 bringing $ 92 levels and the second level of main support. for $ 91.84 in play before any recovery.
Litecoin finds short-term support
Litecoin recovered 3.21% on Wednesday, reversing the 3.13% loss on Tuesday to close the day at $ 24.00.
Following the broader market, a bullish morning saw the Litecoin rally reach an intraday high in the late afternoon of $ 24.89, confronting the first major resistance level of the day at $ 24.92 before turning back. A low intraday $ 23.01 avoided the first major support level at $ 22.50 at the start of the day.
At the time of writing, Litecoin was down 1.75% to $ 23.58, the withdrawal delay on Wednesday continuing in the early hours of this morning. Falling from a morning start of $ 24.17, Litecoin hit a low morning of $ 23.51, the main levels of support and resistance of the day were not tested in the beginning.
For the day ahead, a return to $ 24 levels would signal a recovery of morning losses, with the first major resistance level of the day at $ 24.92 in play. We expect Litecoin to face a lot of resistance at the first highest level of resistance, with $ 24.89 on Wednesday that could push Litecoin back from a breakout.
Failure to return to $ 24 levels could see Litecoin slip to a minimum of $ 23.51 to request assistance at the first level of primary support at $ 23.01 before any recovery, a visit to $ 23 levels. and the second level of support for $ 22.09 sentiment across the broader market later in the day.
Ripple the struggles to hang on to $ 0.30
Ripple's XRP gained 2.94% on Wednesday, reversing the 1.14% fall on Tuesday to close the day at $ 0.31293.
A positive start to the day saw Ripple's XRP ripple up to a maximum of $ 0.31849 before slowing down, the Ripple XRP that surpassed the first resistance level higher at $ 0.3156 at the # 39. start of the day.
Backed by a positive sentiment across the market, Ripple's XRP surpassed the first level of resistance to a maximum of late afternoon intraday of $ 0.31858, before joining the broader market.
For the crypers, Ripple's XRP managed to avoid levels below $ 0.30, with a low-day start at $ 0.30195, steering at the first level of main support at $ 0.2956. , even if negative prejudice and levels below $ 0.30 remain in play in the short term.
At the time of writing, Ripple's XRP was down 1.71% to $ 0.30757, passing in the morning seeing Ripple's XRP fall from a morning high to $ 0, 31386 to a minimum of $ 0.3740, the main levels of support and resistance of the day not tested in the beginning.
For the next day, a return to the levels of $ 0.31 by early afternoon would sustain a run at the first major resistance level of the day at $ 0.3204, while sentiment in the broader market would need to improve materially to support a breakout to bring the second highest resistance level to $ 0.3278 in play before any withdrawal.
The non-relegation up to $ 0.31 could see Ripple's XRP slide through the first major support level at $ 0.3037 to $ 0.29 levels, with the second support level greater than $ 0.2945 in play if the sentiment will not improve in the central part of the day.
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