Bitcoin Cash – ABC – Back on the Move
Bitcoin Cash's cash flow slipped 0.62% on Friday after a 50.57% increase on Thursday to close the day at $ 190.75. For the current week, this is an impressive gain of 141.4%.
A bullish start to the day saw Bitcoin Cash ABC rally at an intraday high and early-morning new swing at $ 218.2, returning to the range of the first major resistance level at $ 219.66 before hitting backwards.
An early afternoon low intraday $ 171.86 was bearish as it got, support for the FIB of 23.6% of $ 171 incoming to keep Bitcoin Cash ABC clear of the first level of main support at $ 141.11 before recovering at $ 190 levels by the end of the day.
At the time of writing, Bitcoin Cash ABC was down 0.39% to $ 190.00, in a relatively rough start of the day, a high start of the day $ 205.46 and a low morning $ 182.90, leaving tested the main levels of support and resistance of the day.
For the next day, a shift to levels of $ 194 will support another move up to $ 200 to bring the first major resistance level to $ 215.35 in play before any retreat, negative sentiment across the broader market. Bitcoin ABC Cash back, with a material change in sentiment necessary for Bitcoin Cash ABC to resume its gravity challenger rally.
Failure to return to levels of $ 194 could see Bitcoin Cash ABC drop deeper into the red, with a fall in the low morning of $ 182.9 bringing $ 170 levels and the first level of support to $ 169.01 in play before any recovery, improbable heavier losses on the day.
Litecoin sees red
Litecoin dropped 6.65% on Friday, partially reversing the gain of 11.55% on Thursday to close the day at $ 30.20. During the week, Litecoin gained 19.8% from Monday to Friday.
On the upside for the first few hours, Litecoin rallied until it reached an intraday high of $ 33.06 in the early morning, before following the broader market towards the red. A pullback during the day saw Litecoin slip towards the end of the day intraday low $ 29.62, calling the support at the first level of main support at $ 29.61 to go back to the levels of $ 30 by the end of the day
At the time of writing, Litecoin was up 0.1% to $ 30.23, with moves that saw Litecoin drop from an early morning at $ 30.4 to a minimum of $ 29.87 in the morning before to recover, the main levels of support and resistance not tested at the beginning.
For the day ahead, a $ 30 up until the morning hold will hold a move up to $ 31 to bring the first resistance level higher to $ 32.3 in play, with Litecoin likely to face much resistance up to $ 32 Litecoin back from more material gains of the day.
The inability to maintain levels from $ 30 in the morning could see Litecoin going back in the day, a decline during the morning of $ 29.87 bringing the first major level of support of the day to $ 28.86 in game before any recovery, the second major support at $ 27.52 unlikely to be tested, excluding a far-reaching cryptogenic merger during the day.
Ripple follows the package
Ripple's XRP slipped 5.46% on Friday after a 8.22% rally on Thursday to close the day at $ 0.36663. For the current week, Friday's loss left Ripple's XRP with a 25.2% gain, Monday through Friday.
A morning rebound saw Ripple's XRP hit an intraday high of $ 0.39865, falling to $ 0.40 and the first main resistance level to $ 0.4084 before hitting the opposite.
Following the broader market, Ripple's XRP fell late into the day, falling to $ 0.36, invoking support at the first major support level of $ 0.3596 to avoid levels below $ 0, 36 during the day.
At the time of writing, Ripple's XRP fell 1.08% to $ 0.36268, a bearish start to the day when Ripple's XRP fell from a morning high to $ 0.3699 to a minimum of $ 0.35935, before stabilizing, the main levels of support and resistance of the day not tested at the start.
For the next day, it would be necessary to return to the highs of the morning from $ 0.3699 to $ 0.37 to bring the first level of resistance higher at $ 0.3902, with a substantial change in sentiment in the broader market needed for support a breakout at levels of $ 0.40 later in the day.
Failure to move to $ 0.37 could see Ripple's XRP pick up a bigger hit later in the day, a low-stopping line in the early morning of $ 0.35935 bringing the first level of main support into play at $ 0.3515 before recovery, the second support level at $ 0.3364 unlikely in play the day.
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