Daily analysis of Bitcoin Cash, Litecoin and Ripple – 08/09/18

Bitcoin Cash Down Again

Bitcoin Cash dropped 4.42% on Friday, following a 1.52% decline on Thursday, to close the day at $ 497.1, with 5 consecutive days of losses 23.8% down on Bitcoin Cash [19659003] A quick uptrend to an intraday high of $ 528.7, which hit the first main resistance level of the day at $ 537.2, was the only one bullish move of the day, a reversal in the rest of the morning at an intraday in the late afternoon low $ 492.1 saw Bitcoin Cash call up support at the first major support level at $ 492.6 before stabilizing.

At the time of this writing, Bitcoin Cash rose 0.77% to $ 500.9, Bitcoin Cash exceeded $ 500 with a $ 505 high day start before settling on a relatively small morning, it moves through the first part of the morning, leaving the main levels of support and resistance of the day.

For the next day, a return move of $ 505 for the first day will support a run on the first day of higher resistance level at $ 519.83, although Bitcoin Cash will have to hold over $ 505 until the morning to support a recovery later in the day, investors may be cautious following a series of sizeable drops during the week.

Failure to go back Early in the morning and early in the morning it was seen that Bitcoin Cash achieved another success on the day, with a decline from the low of $ 497.1 a day to $ 490 lower levels and the first major level of support for the day at $ 483.23.

We would expect the daily support levels not to be tested, excluding materially negative news affecting the cables, which is a possibility if we consider the next week's review of the cryptomarket and the planned implementation of rules and rules. of unification by the G20.

 {alt}

Litecoin stuck in $ 50s

Litecoin dropped 3.36% on Friday, after a 0.4% decrease Thursday, to close the day at $ 55.55, 4 losses in 5 days leaving Litecoin down 16% per week.

Following the broader market, Litecoin shifted to an early morning intraday high at $ 58.93, reaching the first major resistance level at $ 58.87 before hitting the opposite. A sell-off during the morning saw Litecoin descend to a late intraday morning of $ 55.01, claiming support at the first level of main support at $ 54.91, before stabilizing towards one-half of the day . 19659003] At the time of writing, Litecoin was up 1.3% to $ 56.22, with initial support seeing Litecoin move to a high start of $ 54.7 a day before settling down, the moves in the morning leaving the main levels of support and resistance of the day tested. [19659003] For the next day, a return move until the high morning $ 56.47 will support a run of $ 57 levels to bring the leading first resistance level of the day to $ 57.98, although for Litecoin to make a race at $ 58 levels, one move will have to come in the early part of the day.

Failure to move from the morning level to $ 57 levels could see Litecoin turning back from an initial level of $ 55.41 to $ 54, although we expect Litecoin to avoid the first major day support level for $ 54 .06, assuming that the news programs remain cryptic during the first part of the weekend.

 {alt}

Ripple Slides

Ripple's XRP slipped by 4.87% on Friday, partly reversing on Thursday, gaining 7.55%, to end the day at $ 0.28705, with 4 days of losses on 5 leaving the XRP of Ripple dropped 16% for the week.

A clumsy morning saw Ripple's XRP shift to an early morning intraday high $ 0.30419 before succumbing to selling pressure from the broader market, Ripple's XRP slid towards late morning intraday low $ 0.28071, the moves during the morning leaving the main levels of support and resistance of the day tested.

Recovery through the late morning, Ripple's XRP failed to break up to $ 0.30 levels, with a pullback in the last hour since Ripple's XRP earned $ 0 , 29 levels.

At the time of writing, Ripple's XRP was up 1.29% to $ 0.29059, with Ripple's XRP recording the broader market through the first pa rt of the day, a one-day high start $ 0.29280 down the day's first major resistance level at $ 0.3006.

For the day ahead, keeping at $ 0.29 levels will be the key to sustaining a run at $ 0.30 levels and the first day resistance level greater at $ 0.3006, although a tentative start of the day will see resistance to $ 0.30 difficult to break down, a large cryptomarket rally needed.

Failure to hold back at $ 0.29 levels could see Ripple's XRP hit with another sale – offer the minimum of $ 0.28071 on Friday and the first major support level of the day at $ 0.2771 in play before any recovery.

 {alt}

Buy and Sell Cryptocurrency instantly

Source link