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Bitcoin Cash – Daily Analysis ABC, Litecoin and Ripple – 12/30/18

Bitcoin Cash – ABC – Holds $ 160

The Bitcoin Cash ABC fell 6.95% on Saturday, partly reversing Friday's rally of 17.26%, to close the day at $ 160.15.

A mixed session saw Bitcoin Cash ABC fall from an intraday high day $ 174.82 to a minimum of $ 162.48 in the morning before resuming $ 170 late in the day. By monitoring the broader market, a late-afternoon reversal saw the Bitcoin Cash ABC crash at a low intraday level and at the end of the day $ 160.15.

The moves during the day left the main levels of support and resistance not tested, while the end of the reversal saw the Bitcoin Cash ABC fall into the FIB retracement level of 38.2% of $ 163.

At the time of writing, Bitcoin Cash ABC rose 0.68% to $ 161.24, with the moves that saw the ABC Cashcoin Cash drop from a high start to $ 163.01 in the morning $ 157.11 first low to recover, Bitcoin Cash ABC which falls through 38.2% of FIB's retrospection level of $ 163, leaving unchanged the main levels of support and resistance of the day.

For the day ahead, the move from 38.2% FIB to $ 165 would support a run at the first major resistance level of $ 169.93 to bring $ 170 levels into play before any pullback, the second highest resistance level at $ 179.71 hardly at stake with the high figure of $ 174.82 on Saturday that could block Bitcoin Cash ABC during the day.

Failure to pass through 38.2% of FIB could see the Bitcoin Cash ABC hit late in the morning, a decline of $ 157.11 for the morning leading the first major support level to $ 155.26 in play, with heavier heavier losses excluding a large crypto pullback.

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Litecoin contains $ 30

Litecoin slipped 4.91% on Saturday, partially reversing the 16.23% rebound on Friday to close the day at $ 30.63.

Most of the action came late, while Litecoin passed most of the day, with Litecoin shifted to a late intraday day high $ 33.24 before hitting backwards, the day's highs surged from the first main resistance level to $ 34.59.

The late inversion saw Litecoin drop to a low intraday level of $ 30.3, avoiding the first major level of support for the day at $ 28.78.

At the time of writing, Litecoin had risen from 1.99% to $ 31.24, with Litecoin recovering from a low morning of $ 29.95 to reach a maximum of $ 31.27, the highest levels of support and resistance of the day were not tested in the beginning.

For the next day, a move up to $ 31.4 levels would support a $ 32 level run to bring the first resistance level higher at $ 32.48, with Litecoin needing support from the broader market to get a travel to $ 33 levels and $ 33.24 high on Saturday.

Failure to move to $ 31.4 levels could see the Litecoin fight alter later in the day, with a pullback up to $ 30 levels bringing the first major support level to $ 29.54 in play before any recovery, $ 28 levels and the second main support level at $ 28.45 unlikely to be in play, excluding a large-scale basic crypt later in the day.

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Ripple does not reach $ 0.40 levels

Ripple's XRP fell 3.66% on Saturday, partially reversing Friday's 12.1% rally to close the day at $ 0.37556.

A relatively small day saw Ripple's XRP rise to a late morning intraday high of $ 0.39558, not exceeding the first main resistance level at $ 0.4095 before returning to a minimum of $ 0, 37602.

Finding support during the afternoon, a return to the levels of $ 0.39 at the end of the day was short-lived, with a large crypto sell-off that brought Ripple's XRP to a minimum intraday of $ 0, 37001 before stabilizing, the first main support level at $ 0.3565 was not tested on the day.

At the time of writing this article, Ripple's XRP had dropped 0.53% to $ 0.37358, with early-morning fluctuations that saw Ripple's XRP drop from a start of the day at $ 0.37864 to a minimum of $ 0.36847 before returning to $ 0.37 levels, the main support of the day and untested resistance levels at the start.

For the next day, a return to the highs of the morning at $ 0.38 would support a run at $ 0.39 levels and the first major resistance level of the day at $ 0.3934 before any pullback, broader market support necessary for Ripple's XRP to break through to $ 0.40 levels for the first time since Wednesday.

Failure to pass levels of $ 0.38 later in the day could see Ripple's XRP ripping deeper into the red, a decline in the morning of $ 0.36847 bringing the first level of main support to $ 0.3639 before any recovery, undercut $ 0.36 unlikely to be tested except for an important sales clearance crypt during the day.

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