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Bitcoin Cash – Daily Analysis ABC, Litecoin and Ripple – 20/01/19

Bitcoin Cash – ABC – Looking for a rally

The Bitcoin Cash ABC gained 1.02% on Saturday, partially reversing the 2.83% drop on Friday, to close the day at $ 128.16.

A bullish morning saw the Bitcoin ABC cash rally from an early morning intraday low $ 126.84 to a late morning intraday high $ 130.77 before turning back.

Avoiding the first major level of support at $ 124.16, Bitcoin Cash ABC surpassed the first major resistance level at $ 128.99 to reach $ 130 levels before turning back.

At the time of publication, Bitcoin Cash ABC rose 0.63% to $ 128.97, with Bitcoin Cash ABC rising from a low day start at $ 128.84 to a maximum of $ 128.97, the main levels of support and resistance of the day not tested at the beginning.

For the next day, a hold greater than $ 128.6 would have supported a $ 130 level run to bring the first major resistance level of the day to $ 130.34. While we can expect the $ 130.77 high on Saturday to limit the earnings of the day, a large market rally would bring $ 132 levels and the second highest resistance level to $ 132.52 in play before any retreat.

Failure to hold more than $ 128.6 could see Bitcoin Cash ABC fall to $ 127 to bring the first major day support level into play for $ 126.41 before any recovery. We would expect to avoid support levels below $ 125, excluding materially negative news affecting the wires.

Litecoin Rallies

Litecoin recovered 4.1% on Saturday, reversing the 2.09% Friday loss with interest, to close the day at $ 32.22.

From a relatively limited start to the day, Litecoin rallied to a late-morning intraday high of $ 33.15, surpassing the first resistance level at $ 31.59 and the second resistance level at $ 32.22 for re-enter the third-highest resistance range at $ 33.37 before going back.

An afternoon low $ 32.04 was bearish as he went through 2ND half of the day, with a low intraday start of $ 30.95 taking over the first main support level at $ 30.44.

At the time of writing, Litecoin rose 1.43% to $ 32.68, with moves in the morning that saw Litecoin rise from a low day start to $ 32.11 to $ 32 maximum. , 7 in the morning before settling down.

For the next day, a hold greater than $ 32.5 would have supported the return to levels of $ 33 to bring the first resistance level higher to $ 33.26 before any retreat. Saturday's $ 33.15 peak will likely reduce Litecoin by $ 34 in the absence of a crypto rally, while Litecoin has reached the $ 34 with 10 last timeth January.

Failure to hold more than $ 32.5 could see Litecoin fall to $ 31 levels to bring the first major support level of the day to $ 31.06 before any recovery, heavier losses not foreseen excluding a large crypto sell- off.

Ripple finds support

Ripple's XRP gained 2.36% on Saturday, reversing the 2% drop from Friday, to close the day at $ 0.33531.

Following the broader market, Ripple's XRP recorded an uptrend from the start of the day to $ 0.32758 to a late morning intraday high of $ 0.34994 before returning to levels of $ 0.33 and a limit relatively large 2ND half day

The morning rally saw Ripple's XRP outperforming the first resistance level higher at $ 0.3339 and the second resistance level higher at $ 0.3403, managing to avoid the first main support level at $ 0, 3224 at the start of the day.

At the time of writing this article, Ripple's XRP was down 0.06% to $ 0.33510, with Ripple's XRP falling from a morning high to $ 0.33797 a a minimum of $ 0.33389 before settling down. The main levels of support and resistance of the day have not been tested at the beginning.

For the day ahead, a return to levels of $ 0.3380 will support a run at $ 0.34 levels to bring the first resistance level higher to $ 0.3476 before any pullback. Excluding a large crypto rally, Ripple's XRP will likely continue not to exceed $ 0.35 levels, leaving the second resistance level higher at $ 0.36 from the table for the day.

Failure to return to levels of $ 0.3380 could see Ripple's XRP drop deeper into the red, with a pullback of up to $ 0.32 levels bringing in the first level of main support at $ 0.3253 before any recovery. We would expect Ripple's XRP to avoid the levels of $ 0.31 and the second main support level at $ 0.3153, with the exception of negative news affecting cryptographic cables.

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