Bitcoin Cash – ABC – in Recovery
Bitcoin Cash ABC gained 2.49% on Saturday, partially reversing a 3.61% drop from Friday, to end the day at $ 132.71.
A bullish start to the day saw Bitcoin Cash ABC rally at an early high intraday high of $ 136.53, surpassing the first major resistance level at $ 131.09 and the second highest resistance level at $ 135.19 before come back to $ 131 levels.
Support during the afternoon limited the downside to leaving Bitcoin Cash ABC at $ 133 levels by the end of the day, a low intraday day start of $ 129.48 taking well above the first level of main support at $ 124, 85.
At the time of writing, Bitcoin Cash ABC rose 0.95% to $ 133.97, a relatively limited start at the start of the day which sees a low day start of $ 132.38 a day. maximum of $ 134 before going back, the main levels of support and resistance left untested soon.
For the day ahead, a $ 133 upkeep in the morning will hold another run at the first resistance level at $ 136.33 to bring $ 137 levels into play before any pullbacks, $ 136.53 high on Saturday probably to nail Bitcoin Cash ABC from any attempt to escape to the second level of resistance greater than $ 139.96 and $ 140 levels in the day.
Failing to keep the levels of $ 133, the Bitcoin Cash ABC crash dropped to $ 132.98 to bring the levels below $ 130 and the first major level of the day to $ 129.48 in play before any recovery , heavier losses not foreseen in the day.
Litecoin On the Move
Litecoin gained 0.82% on Saturday, partially reversing the 4.45% drop on Friday, to close the day at $ 32.04.
A $ 32.61 intraday day start was bullish as it got, Litecoin dropped to the first resistance level at $ 33.52 before going down to a midweek average day of $ 31.5, narrow bands during the day even leaving the first major level support at $ 30.24 untested.
Recovering in the afternoon, Litecoin managed to climb up to $ 32 and positive territory by the end of the day.
At the time of writing, Litecoin rose 2.34% to $ 32.79, with moves in the early part of the day seeing Litecoin rise from a low morning $ 31.8 to a high morning $ 32.88, surpassing the first main resistance level at $ 32.6, while clear steering of the first level of main support at $ 31.49.
For the next day, a holding above the first resistance level of more than $ 32.6 would have supported a run of $ 33 levels and the second highest resistance level of the day at $ 33.16, with more market support. ample necessary for Litecoin to exit current levels.
Failure to hold more than $ 32.6 during the morning could see Litecoin fall backwards during the day, a fall in the low morning of $ 31.8 bringing in the first important support level to $ 31.49, with the second support level at $ 30.94 in play should sentiment the broader market deteriorates further throughout the day.
Ripple finds support
Ripple's XRP fell 0.09% on Saturday, after a 0.1% fall on Friday, to close the day at $ 0.33568.
A relatively uncertain first half of the day saw Ripple's XRP hit the intraday day start of $ 0.341 before returning to $ 0.33 and an intraday day average of $ 0.3322, the relatively narrow ranges leaving resistance and levels of support not tested on the day.
At the time of writing, Ripple's XRP was up 0.94% to $ 0.33882, Ripple's XRP recovering from $ 0.33333 early morning to $ 0.34100 before slow down, with the first resistance level at $ 0.3404 blocking the Ripple XRP from higher earnings soon above.
For the next day, keeping above the levels of $ 0.3360 until the morning would have supported a resumption of the first resistance level of $ 0.3404 to bring the second resistance level to $ 0.3451 in play before any retreat, with $ 0.35 improbable in play later in the day.
Failure to hold over $ 0.3360 in the morning could see Ripple's XRP return to $ 0.3333 to bring the first major support level to $ 0.3316 in play, with levels below $ 0.33. and the second support level at $ 0.3275 at stake should the broader market deteriorate towards the end of the day
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