Bitcoin Cash – ABC On the Move
Bitcoin Cash ABC fell 2.89% on Saturday, after a slipping of 8.02% on Friday, to close the day at $ 76.37.
The first half of the bearish day saw Bitcoin Cash ABC fall from an early morning high intraday high $ 80.44 to an early afternoon low intraday and new $ 73.53 minimum, calling support at the first major support level at $ 73. , 99 before bouncing back.
Bitcoin Cash ABC managed to return to levels of $ 78 at the end of the day, before going back to the end of the day, the main resistance levels were not tested during the day.
At the time of publication, Bitcoin Cash ABC rose 4.84% to $ 80.07, a bullish start to the day when Bitcoin Cash ABC jumped from a start of $ 76.27 to a maximum of $ 81.3, surpassing the first resistance level at $ 80.03 before going back.
For the next day, keeping the levels of $ 80 until the morning would have sustained another run at $ 81, with the continuation of a large crypto based on a $ 82 run before each pullback.
Failing to keep the $ 80 levels could see the Bitcoin Cash ABC slide later in the day, a decline at the start of a low day of $ 76.27 bringing $ 74 levels into play before any recovery , the first major support level of the day at $ 73.12 unlikely to be tested on the day.
Litecoin has reignited the trend again
Litecoin rose by 0.95% on Saturday, following an increase of 1.44% on Friday, to close the day at $ 23.39.
A particularly long day, by weekend standards, Litecoin hit an early morning intraday high at $ 23.83, surpassing the first major support level at $ 23.7 before slowing down. Late morning low intraday $ 22.89 saw Litecoin avoid the first major levels of support at $ 22.41.
Through the 2ND Half of the day, Litecoin returned to $ 23 levels to end the day in positive territory, the first major resistance level of the day at $ 23.7, bringing Litecoin back from a move to $ 24 levels.
At the time of writing, Litecoin rose 10.18% to $ 25.77, a particularly bullish start to the day when Litecoin rises from a start of $ 23.39 to a maximum of $ 26.25 before slowing down, Litecoin breaks through the main resistance levels of the day at the start of the day.
For the next day, keeping the levels from $ 25 until the morning could sustain another rebound later in the day, while we expect Litecoin to put up a lot of resistance on any move up to $ 26 to bet Litecoin back from a $ $ run. 27 levels.
Failure to maintain $ 25 levels could see Litecoin renouncing part of the day's earnings later in the day, a pullback of up to $ 24 levels and through the second resistance level of $ 24.31 leading to $ 23 levels at stake before stabilizing, some profits to be expected should the rally stall.
Ripple Down Again
Ripple's XRP fell 1.15% on Saturday, after a 3.37% loss on Friday, to close the day at $ 0.29043.
Bearish for most of the day, Ripple's XRP slipped from an early morning intraday high $ 0.29717 to an early intraday low afternoon of $ 0.28534, calling for support for the first major day support level at $ 0.2861 before recovering part of the day's losses.
Ripple's XRP returned to $ 0.29 at the end of the day, unable to exceed the $ 0.30 level, leaving the first main resistance level of the day at $ 0.3035 not yet tested.
At the time of writing this article, Ripple's XRP had grown by 3.23% to $ 0.29982, with Ripple's XRP shifting from a low start of the day to $ 0.29031 a a maximum of $ 0.30484. Ripple's XRP exceeded the first main resistance level at $ 0.2966 and the second main resistance level at $ 0.3028 before returning to $ 0.29 levels.
For the day ahead, a return to $ 0.30 and a break in the second resistance level of $ 0.3028 would have sustained larger gains in the day to bring $ 0.31 levels and the third highest resistance level at $ 0.3146 at stake, although Ripple's XRP will need the broader market support.
Failure to return to $ 0.30 levels could see Ripple's XRP suffer pressure during the day, a possible slowdown in the morning which could lead to $ 0.28 levels and the first level of main support for $ 0. , 2848 in play before any recovery.
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