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Bitcoin Cash – Daily Analysis ABC, Litecoin and Ripple – 12/31/18

Bitcoin Cash – ABC – Back in the Red

Bitcoin Cash ABC gained 0.62% on Sunday, after a fall of 6.95% on Saturday, to close the week down 17.71% to $ 161.15.

A particularly limited day, according to the standards of Bitcoin Cash ABC, saw the Bitcoin Cash ABC hover around 38.2% of Retracetment FIB of $ 163 during the day.

A first day of intraday of $ 156.54 saw Bitcoin Cash ABC maintain the first major support level at $ 155.26 to recover at a late morning intraday high of $ 164.52.

Unable to break through at $ 165 levels, Bitcoin Cash ABC dropped to the first major resistance level at $ 169.93 to finish the week under 38.2% of FIB, managing to keep the $ 160 levels.

At the time of writing, Bitcoin Cash ABC was down 2.77% to $ 156.69, a bearish morning that saw Bitcoin Cash ABC fall from a day's high of $ 162.09 to a morning low of $ 156.69, Bitcoin Cash ABC which was in the first major level of support at $ 156.95 at the start of the day.

For the day ahead, a move back through the first major support level at $ 160 would sustain a move of $ 162.09 in the morning to bring the first major resistance level to $ 164.93 in play throughout the day. , although sentiment across the broader market would need to improve for Bitcoin Cash ABC to recover early losses.

Failure to return to $ 160 could see Bitcoin Cash ABC having a great success later in the day, a pullback of up to $ 153 levels able to bring the second highest resistance level to $ 152.76 in play before any recovery.

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Litecoin fight early

Litecoin gained 3.07% on Sunday, partially reversing the 4.91% decline on Saturday to close the week down 4.59% to $ 31.56.

A bullish morning saw Litecoin rallying from a low intraday day of $ 29.95 to hit a late morning intraday high of $ 31.95 before returning to a range range 2ND half of the day

The day continues when the main levels of support and resistance of the day were not tested, with a late afternoon retreat at levels below $ 31 which found ample support to return to the $ 31 levels.

At the time of writing, Litecoin fell 2.03% to $ 30.92, with morning moves that saw Litecoin drop from a high day start $ 31.62 to a minimum of $ 30.6 before to stabilize.

Litecoin reached the first level of main support at $ 30.36, while it fell well below the first major resistance level at $ 32.36.

For the day ahead, a return to the $ 31 levels will support a recovery, bringing the $ 31.9 up on Sunday. In order for Litecoin to exceed $ 32 to test the first major resistance level of the day, sentiment in the broader market should still materially improve.

The non-return to $ 31 could see Litecoin in trouble for the rest of the day, with a fall in the low morning of $ 30.6 at the first level of main support at $ 30.36 with a probability of bringing $ 29 levels and the second main support level at $ 29.15 in play before any recovery.

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Ripple Hits Reverse

Ripple's XRP gained 1.84% on Sunday, partially reversing the 3.66% slip on Saturday to close the week by 2.57% to $ 0.38236.

Following the broader market throughout the day, Ripple's XRP recovered from an intraday day of $ 0.36847 to a maximum of $ 0.38268 late morning, before moving to $ 0.37.

The moves during the day left maximum support and untested resistance levels, with a late rise in the day as Ripple's XRP returned to levels of $ 0.38 by the end of the day.

At the time of writing this article, Ripple's XRP had fallen 3.62% to $ 0.36850, a large inversion crypt that brought Ripple's XRP from a day start to $ 0 , 38961 to a minimum of $ 0.36635 before finding support.

In a rough start to the day, Ripple's XRP exceeded the first resistance level at $ 0.3871 before hitting the reverse to slip through the first major support level at $ 0.3730 to re-enter. in the radius of the second largest support level at $ 0.3637.

For the day ahead, it would be necessary to return to the main support levels at $ 0.3780 to bring 0.38 levels and the first resistance level to $ 0.3871 before any withdrawal, with sentiment in the broader market that he needs to improve materially to support an afternoon rebound.

Failure to pass through the main support levels could see Ripple's XRP struggle during the rest of the day, with levels of $ 0.35 and the third main support level at $ 0.3497 at stake if sentiment did not improve.

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