Bitcoin Cash On the Move
Bitcoin Cash gained 0.61% on Friday, partially reversing the 3.01% decline on Thursday, to close the day at $ 541.9, the moves during the week have allowed Bitcoin Cash to fall 30.29% for the month of August, while increasing by 3.38% for the current week.
After 2 consecutive days of losses, Friday was a relatively quiet day, while Bitcoin Cash moved in some relatively narrow ranges, an initial intraday pound of $ 533.4 net compared to the first major level of support of the day at $ 523.13, with a late afternoon intraday high $ 548.5 less than the first major resistance level of the day at $ 555.13.
At the time of writing, Bitcoin Cash had risen by 2.32% to $ 555, with Friday 2 half of the day of recovery was reversed in the early hours of this morning, with Bitcoin Cash having passed the first resistance level at $ 549.13 to test the second main resistance level at $ 556.37, with a morning peak of $ 556.2.
For day ahea d, a breakout from the second highest resistance level of the day at $ 556.37 would sustain a run at $ 560 levels, while we would expect that Bitcoin Cash will not reach the third major resistance level of the day for $ 571.47, Bitcoin Cash has to maintain the $ 550 levels during the morning to support a $ 560 level race.
The bankruptcy of exceeding $ 560 could see Bitcoin Cash renouncing some gains of the day, with a hold above $ 542 needed to avoid a pullback of up to $ 530 levels that would bring the first major level of support of the day to $ 534.03 in play.
Litecoin Breaks Free
Litecoin gained 3.1% on Friday, reversing the loss of 2.05% on Thursday, to close the day at $ 62.13, the moves during the week leaving Litecoin down 21.4% for the month of August, while it is up by 8.8% for the current week.
An early dip to a low intraday $ 59.55% avoided the first major daily support level at $ 58.65, with support for $ 60 leading to a second one day Rally, Litecoin exceeds the first main resistance level at $ 61.82 at a late afternoon intraday high $ 62.8, before stabilizing.
For the crypers, maintaining the levels of $ 62 was the positive of the day, although Litecoin continues to fall well below the FIB retracement level of 23.6% of $ 81, leaving the trend firmly intact extended bearish.
At the time of writing, Litecoin had risen by 2.48% to $ 63.67, Friday's afternoon rally continuing in the early hours of this morning, Litecoin breaks through the first major resistance level of the day at $ 63.44 to a maximum of $ 63.84.
For the next day, keeping up to $ 63 in the morning will support a return to the high levels $ 63.84 for $ 64 levels and the second main resistance level of the day at $ 64.74 in play, the lack of news materially negative at the end of the week to support this morning's moves.
Failure to maintain $ 63 levels could see Litecoin retreat to levels below $ 62, although we expect Litecoin to avoid the first major day support level at $ 60.19, unless news materially negative affecting the wires.
Ripple Flat on the Day [19659002] Ripple's XRP gained just 0.09% on Friday, after the 2.9% decline on Thursday, to close the day at $ 0.3351, the moves during the week left the Ripple XRP down 23% for the month of August, while rising by 3.84% for the current week.
A relatively small morning saw Ripple's XRP ripping to an intraday low of $ 0.3273, holding the first main support level at $ 0.323, before reaching a late afternoon intraday of $ 0.34108, the highest level of the first main support level A $ 0.3465.
Failed to maintain levels of $ 0.34 for a consecutive day of nd Ripple's XRP has dragged the majors on the day, with the sustainedly firmly sustained bearish trend, Ripple & # 39; s XRP which is well below 23.6% of FIB Retra Cement level of $ 0.4164 and $ 0.50 needed to start a bearish turnaround.
At the time of writing, Ripple's XRP rose 1.81% to $ 0.34103, support from the broader market, with Ripple's XRP exceeding the first day major resistance level at $ 0.3417 to a morning high $ 0.34366.
For the day ahead, a retention rate of $ 0.34 up in the morning will support a return to the first resistance level of $ 0.3417 to bring the second highest resistance level of the day to $ 0.3483 In game, Ripple's XRP will probably play in case of positive feeling until the morning.
Failure to raise the morning maximum to $ 0.3483 could see Ripple's XRP return at the start of a low day $ 0.33478 to bring levels below $ 0.33 and the first major level of support of the day at $ 0.3279 in play before any recovery.
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