Home / Litecoin / Daily analysis of Bitcoin Cash, Litecoin and Ripple – 06/10/18

Daily analysis of Bitcoin Cash, Litecoin and Ripple – 06/10/18

Bitcoin Cash Steady

Bitcoin Cash gained 1.44% on Friday, reversing the fall of 0.44% on Thursday, to close the day at $ 522.1, rising from Friday to Bitcoin Cash down by 1.77. % for the current week.

It was a relatively limited day for Bitcoin Cash, which recovered from a low intraday of $ 511.3 to hover at levels below $ 520 up to a late-day rally. Bitcoin Cash rallied to $ 530 intraday to test the first big resistance of the day level at $ 529.37 before returning to the end of the day $ 522.1.

At the time of writing, Bitcoin Cash fell 0.65% to $ 518.6, passing through the morning seeing Bitcoin retiring from the start of a day high $ 523.5 to a minimum of $ 517.0 in the morning before stabilizing, the main levels of support and resistance not tested.

For the day ahead, a $ 523.5 move should hold a $ 530 level run to bring the first major support level up to $ 530.97, while we expect Bitcoin Cash to stand a lot of resistance at $ 530 for block further earnings on the day, apart from the release of particularly encrypted news.

Failure to overcome the morning peak could see Bitcoin Cash getting more successful in the day, a fall in the low morning of $ 517 which will bring the first level of major support to $ 512.27 in play, with support levels of $ 510 at stake should the feeling does not improve later in the day.

Litecoin Up Again

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Litecoin earned 0.84% ​​on Friday, after # 39; 1.29 on Thursday% up, to end the day at $ 58.48, to 2ND consecutive day in positive territory by cutting Litecoin losses for the week at 4.27%. "data-reactid =" 38 "> Litecoin gained 0.84% ​​on Friday, after the 1.29% increase on Thursday, to end the day at $ 58.48, a 2ND consecutive day in positive territory by cutting Litecoin losses for the week at 4.27%.

Following the broader market over the course of the day, Litecoin slipped between the early hours of the morning and a low intraday of $ 57.23 before recovering, while Litecoin exceeded its first major day support level of $ 57.07 for recover to $ 58.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "One afternoon choppier saw Litecoin recover from a 2ND half of the day fell to $ 57.33, exceeding the first main resistance level at $ 58.9 to test the second main resistance level of the day at $ 59.81, with a high intraday $ 59.45 before go back to $ 58 at the end of the day. "data-reactid =" 40 "> One afternoon choppier saw Litecoin recover from a 2ND half of the day fell to $ 57.33, exceeding the first main resistance level at $ 58.9 to test the second main resistance level of the day at $ 59.81, with a high intraday $ 59.45 before go back to $ 58 at the end of the day.

At the time of writing, Litecoin was down 0.13% to $ 58.29, with Litecoin recovering a low morning of $ 58.3 in what was a time slot start.

For the next day, maintaining levels of $ 58 until the morning should sustain a run at $ 59 levels throughout the day to bring the first major resistance level to $ 59.54, with a substantial improvement in sentiment market that will likely see Litecoin test second level of resistance greater than $ 60.60 before any withdrawal.

Failure to maintain levels at $ 58 could see Litecoin slip through the first major level of support at $ 57.32 to levels below $ 57, while it would be expected that Litecoin would avoid the second highest level of support at $ 56.17 at less materially negative news affecting the wires.

Ripple Slides

Ripple's XRP fell 1.5% on Friday, after a 0.08% drop on Thursday, to close the day at $ 0.52095, the reversal of the day left 39; Ripple XRP down 10.44% for the current week.

Ripple's XRP goes through the first main support level at $ 0.5194 at a late morning low intraday of $ 0.51042, inviting support to the second main support level at $ 0.5106 to re-enter FIB retracement level of 38.2% of $ 0.5225 in the early afternoon.

During the afternoon, Ripple's XRP reported the FIB retracement level of 38.2% to $ 0.5225 and the first main support level at $ 0.5194 to a minimum afternoon 0.51074 before finding support. An end-of-day rally saw Ripple's XRP hit an intraday high of $ 0.533 before re-entering through FIB's 38.2% by the end of the day.

At the time of writing this article, Ripple's XRP was down 0.24% to $ 0.5194, a relatively rough start on the day when Ripple's XRP touched a minimum of $ 0.51511 and high $ 0.52547 in the same hour. With the greatest support of the day and untested resistance levels, Ripple's XRP also failed to exceed the 38.2% retracement level of the FIB by $ 0.5225.

For the next day a return to $ 0.5215 will support a run at the FIB retracement level of 38.2% of $ 0.5225, market sentiment to dictate selling pressure and if Ripple's XRP can return to $ 0.533 on Friday to test the first main resistance level at $ 0.5325.

Failure to relegate and maintain $ 0.5215 could see Ripple's XRP slide at levels below $ 0.51 to call support at the first major support level at $ 0.5099 before recovery, XRP Ripple will hardly test support levels of $ 0.50 except for particularly bad news affecting the wires.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Buy & amp; Sell ​​Cryptocurrency instantly"data-reactid =" 95 "> Buy and Sell Cryptocurrency instantly

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This article it was originally published on FX Empire "data-reactid =" 96 "> This article was originally published on FX Empire

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