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Bitcoin Cash – Daily Analysis ABC, Litecoin and Ripple – 12/24/18

Bitcoin Cash – ABC – Back on the Move

Bitcoin Cash ABC gained just 0.02% on Sunday, after a 1.26% rise on Saturday, to close the week by 148% to $ 196.00.

A relatively busy day saw the Bitcoin Cash ABC drop to a first intraday day of $ 186.4, keeping the first major support level at $ 182.15 before reaching an intraday early afternoon of $ 208.71.

By exceeding the first major resistance level at $ 207.61, Bitcoin Cash ABC was unable to move to $ 210 levels leading to a pullback below $ 200 in the late afternoon to run out of the day in some narrow ranges,

At the time of publication, Bitcoin Cash ABC rose 3.95% to $ 203.33, with a bullish start to the day when Bitcoin Cash ABC rose from a low of $ 195.84 to a maximum of $ 207.42 early morning to slow down, the first major resistance level of the day at $ 207.67 pinning Bitcoin ABC Cash from earlier material gains.

For the next day, an upkeep of $ 200 until the morning would have supported another run at the first major resistance level of $ 207.67 to bring $ 210 levels later in the day, with the broader market support needed for a breakout later in the day.

Failure to reach $ 200 during the morning could see the withdrawal of Bitcoin Cash ABC during the morning of $ 195.84 to bring in $ 190 levels and the first major level of support of the day at $ 185.36. in play before any recovery, even if the sentiment would have to physically move for Bitcoin Cash ABC to slip back down in the morning.

Litecoin on the Rise, looking at $ 40

Litecoin rose 4.65% on Sunday, after a 4.6% increase on Saturday, to close the week of 31.13% to $ 33.07.

Bearish for most of the day, Litecoin recovered from a low intraday start of $ 31.43 to a late afternoon intraday high at $ 33.84.

Led by the first major support level at $ 30.35, Litecoin surpassed the first major resistance level at $ 32.22 and the second main resistance level at $ 32.84 before turning back.

At the time of writing, Litecoin was up 6.86% to $ 35.34, a particularly bullish start to the day seeing the Litecoin rally rise to $ 35.48 in the morning, surpassing the first resistance level at $ 34.13. and the second resistance level at $ 35.19 before slowing down.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "For the next day, holding above $ 33 levels through in the morning he would have supported the positive momentum through 2ND half day, with $ 36 in play before each pullback, Litecoin could not exceed the third main resistance level of the day at $ 37.60. "data-reactid =" 43 "> For the next day, holding above $ 33 levels through the morning would support positive momentum through the 2ndND Half of the day, with $ 36 in play before each pullback, Litecoin is likely to not exceed the third main resistance level of the day at $ 37.60.

Failure to hold more than $ 33 could see Litecoin contract later in the day, a stop stoppage in the $ 33.06 low this morning would likely bring $ 31 levels and the first major support level to $ 31, 72 in play before any recovery, heavier losses not foreseen in the event of an inversion.

Ripple hits $ 0.40

Ripple's XRP rose 1.94% on Sunday after a 1.75% gain on Saturday to close the week by 26.7% to $ 0.37995.

A relatively bullish morning saw Ripple's XRP break through the first higher resistance level at $ 0.3833 and the second highest resistance level at $ 0.3936 to hit a late-morning intraday high of $ 0.39652. before going back.

An early afternoon reversal saw Ripple's XRP drop to an intraday low of $ 0.37056, staying well above the first major support level at $ 0.3590 to close the day in relatively narrow intervals.

At the time of writing this article, Ripple's XRP was up 5.3% to $ 0.4001, with mornings that saw a low morning rally to $ 0.37970 at a high morning $ 0.41161 before going back.

The first rally saw Ripple's XRP break through the first resistance level at $ 0.3941 and the second resistance level at $ 0.4083 to reach the FIB retracement level of 23.6% of $ 0, 4164 before retiring, the first major support level at $ 0.3682 not confirmed above.

For the next day, a return to the $ 0.41 level will mark another run at 23.6% FIB of $ 0.4164, although Ripple's XRP would need support from the broader market to support another breakout from the second highest resistance level later in the day.

Failure to relegate up to $ 0.41 during the day could see Ripple's XRP suffer sales pressure, with a pullback of $ 0.3820 with a probability of bringing $ 0.37 levels and the first level of main support at $ 0.3682 in play in case of subsequent sale on the day.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Buy & amp; Sell ​​Cryptocurrency instantly"data-reactid =" 97 "> Buy and Sell Cryptocurrency instantly

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This article it was originally published on FX Empire "data-reactid =" 98 "> This article was originally published on FX Empire

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