Bitcoin Cash – ABC – The Rally continues
Bitcoin Cash ABC rose 50.57% on Thursday, following a 20.36% rise Wednesday, to close the day at $ 189.72.
Another particularly bullish day saw the Bitcoin Cash ABC rally during the morning at a $ 201 intraday high, the moves in the day seeing Bitcoin Cash ABC, not only break through the first major resistance level at $ 146.38 and the second higher resistance level at $ 156, but also break through FIB's 23.6% of $ 125 and FIB's 38.2% of $ 156, to form a bearish turnaround.
At the time of writing, Bitcoin Cash ABC rose 10.95% to $ 210.49, with another bullish start as the ABC Cash Bitcoin reached $ 228.79, exceeding the first resistance level at $ 219, 66 to hit a new swing before going back.
For the day ahead, the return from the first level of resistance greater than $ 219.66 at the highest of the morning $ 228.79 will sustain a break up to $ 230, with the second resistance level of the day at $ 249.61 much in game if Bitcoin Cash ABC were to go back to $ 220 levels by early afternoon.
Failing to make a move in the early afternoon, Bitcoin Cash ABC could forgo some gains of the day, with a pullback of up to $ 200 levels that would probably see Bitcoin Cash ABC renouncing some of Thursday's gains while we expect the day first level of primary support for $ 141.11 not to be tested. A fall of 23.6% FIB from $ 171 to levels below $ 170 would signal a more material glide during the day.
Litecoin fight early
Litecoin rose by 11.55% on Thursday, reversing Wednesday's slippage of 3.72% with interest, to close the day at $ 32.36.
A bullish day saw Litecoin's collection at a late afternoon intraday high $ 33.2, Litecoin starting from a first day intraday at $ 28.66 to overcome the first resistance level at $ 30.85 and the second level of resistance to $ 32.69 before going back.
At the time of writing, Litecoin fell 2.69% to 31.49, a mixed start to the day as Litecoin rises to a high $ 33.06 morning before falling to a minimum of $ 31.07, the largest levels of support and resistance of the day not tested at the beginning of the day.
For the day ahead, holding over $ 31.4 in the morning will sustain an afternoon recovery, with a return at the end of the day on Thursday $ 32.36 claiming a break of up to $ 33 to bring the first highest level of resistance into play for $ 34.15 before any retreat.
Failure to reach the levels of $ 31.4 during the morning could see Litecoin a great success during the day, with a decline of 31.07 this morning bringing $ 30 levels and the first major level of support of the day to $ 29, 61 in play before any recovery, losses heavier than expected unless you are selling a crypt.
Ripple can not maintain the levels of $ 0.40
Ripple's XRP gained 8.22% on Thursday, reversing the 1.09% on Wednesday, to close the day at $ 0.38736.
A bullish morning saw Ripple's XRP rally from a low intraday day start of $ 0.353 to a late morning intraday high of $ 0.40181 before returning to levels below $ 0.40. The moves during the morning saw Ripple's XRP exceed the first main resistance level at $ 0.3905, while it fell below FIB's 23.6% of $ 0.4164 and the second level of main resistance at $ 0.4231.
At the time of writing this article, Ripple's XRP was down 2.63% to $ 0.37718, with mornings that saw Ripple's XRP rise to a maximum of $ 0, 39865, before falling to a minimum of $ 0.37279. The moves in the early part of the day left maximum support and untested resistance levels.
For the next day, a return to the levels of $ 0.38 by early afternoon will mark the start of another run at $ 0.40, although Ripple's XRP will need support of the broader market to make a move of up to $ 0.39865 in the morning to attempt a breakout from the first major resistance level at $ 0.4084.
The inability to move up to $ 0.38 could see the wave of XRP of Ripple during the day, with a fall of up to $ 0.37279 bringing $ 0.36 levels and the first level of main support at $ 0.3596 in play before any recovery, the second main support level of the day at $ 0.3319 unlikely to test the day.
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