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Bitcoin Cash – Daily Analysis ABC, Litecoin and Ripple – 22/01/19

Cash Bitcoin – ABC – Search for support

Bitcoin Cash ABC fell 1.65% on Monday after a 5.30% drop on Sunday to close the day for $ 120.73.

It was a relatively small day, Bitcoin Cash ABC has moved within narrow ranges as investors have tried to brush up on another market turnaround.

Recovering from a low intraday $ 120.20, Bitcoin Cash ABC switched to a mid-day intraday high of $ 122.81 before returning to $ 120 in the afternoon.

The tight ranges left the maximum support of the day and resistance levels not tested during the day, with Bitcoin Cash ABC that avoided levels below $ 120, the only good news for the bulls.

At the time of writing, Bitcoin Cash ABC was 0.47% to $ 121.30, with the moves that went through the early morning seeing the rise of Bitcoin Cash ABC from the start of a low day to $ 120.26 to a maximum of $ 121.83 in the morning before slowing down. The main levels of support and resistance of the day have not been tested at the beginning.

For the next day, a hold greater than $ 121.25 would allow a return back in the morning of $ 121.83 to bring $ 122 levels and the first main resistance level of the day to $ 122.29 in play. Support from the broader market would be needed for a $ 123 level breakout to bring the second highest level of resistance to play at $ 123.86, with Tuesday's $ 122.81 high that could contribute to an accumulation of resistance to $ 123.

Failure to hold $ 121.25 could see Bitcoin Cash ABC fall in the low $ 120.26 morning to bring in $ 120 level. The first major support level of the day at $ 119.68 would probably prevent heavier losses in the event of a withdrawal, except for a large-scale crypt sale.

Litecoin Steadies

Litecoin rose 0.69% on Monday, partially reversing the 5% slide on Sunday to close the day at $ 30.82.

Even suffering from after-sales blues, Litecoin has moved in a range of $ 1 during the day. A small early-morning intraday of $ 30.38 saw Litecoin move away from the first major support level of the day at $ 29.51.

Avoiding levels below $ 30 attracted side investors to bring Litecoin to a late-morning intraday high of $ 31.37 before returning to $ 30 and in a particularly tight range, while Litecoin failed to reach the first major level resistance to $ 32.39.

At the time of writing, Litecoin was down 0.16% to $ 30.77. A bullish start to the day saw Litecoin rise to a high of $ 31.02 in the morning, before returning to a low morning $ 30.65, the main levels of support and resistance of the day left untested at the start.

For the next day, a shift to $ 30.90 levels would have supported another run at the first major resistance level at $ 31.33, with a large crypto-rally needed to support a run on the second level of resistance. greater at $ 31.85 and $ 32 levels. We expect Litecoin not to reach $ 33 in the case of extensive encryption.

The non-return to $ 30.90 could see Litecoin's return deeper into the red, a fall of $ 30.65 in the morning leading the first level of main support to $ 30.34 before any recovery. We would expect Litecoin to avoid support levels below $ 30, except for the collapse of crypt sales in the day.

Ripple sees red

Ripple's XRP rose 0.22% on Monday after a 4.20% decline on Sunday to close the day at $ 0.32213.

An accident-free start to the week saw Ripple's XRP recover from a low first-day intraday of $ 0.31726 to hit a late-night intraday high at $ 0.3271 before turning back.

The narrow range during the day saw that Ripple's XRP did not exceed the first major support level of the day at $ 0.3119, while it also fell to the first major resistance level at $ 0.3344.

At the time of writing, Ripple's XRP fell 0.61% to $ 0.32016, with Ripple's XRP retreating from $ 0.32475 to a minimum of $ 0.31776 , returning to the range of the first main support level at $ 0.3172 before returning to the $ 0.32 level.

For the day ahead, a move up to $ 0.3230 will support a run at the first resistance level at $ 0.3271, while we expect Ripple's XRP not to reach $ 0.33 and the second level resistance to $ 0.3320, save a large rally through the wider market.

Failure to move to $ 0.3230 could see Ripple's XRP return deeper into the red, with a 0.31776 maturity drop to see Ripple's XRP slide through the first major support level at $ 0, 3172 to call support at the second main support level at $ 0.3123 before any recovery. We would expect to avoid levels below $ 0.31.

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