Daily analysis of Bitcoin Cash, Litecoin and Ripple Daily – 02/09/18

Bitcoin Cash cashed $ 600

Bitcoin Cash gained 14.1% on Saturday, after gaining 0.61% on Friday, to close the day at $ 618.9.

Bitcoin Cash avoided the first major day support level at $ 534.03 a low intraday start of $ 541.2, when a large market rally kicked off, with Bitcoin Cash outperforming the first main resistance level at $ 549.13 and the second resistance level at $ 556.37 at morning highs at $ 572.

The early afternoon move Bitcoin Cash has exceeded the third main resistance level of the day at $ 571.47 with an intraday high of $ 633.3 before slowing down, Bitcoin Cash reached $ 600 for the first time since 18 th August.

At the time of writing, Bitcoin Cash was 5.51% to $ 653, with Bitcoin Cash able to recover from a day start to a minimum of $ 603, surpassing the first major resistance level of the day at $ 654.4 with a maximum of $ 656.

For the y to go ahead, holding above the first highest resistance level of the day at $ 654.4 would sustain a continuous race that would bring into play the second highest level of The day's resistance to $ 689.9, the crypto-bolts look at $ 700 levels, although we can expect some profit taking before the weekend out, with investors worried about possible negative news affecting the wires at the start of the week.

Failure to wait over $ 654.4 in the morning could see the Bitcoin Cash hit later in the day, although we would expect support for $ 600 levels not to be tested, excluding materially negative news affecting the wires.

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Litecoin Steadies

Litecoin gained 6.95% on Saturday, after the 3.1% rise on Friday, to end the day at $ 66.45, its highest closing from 7 th August.

Following the broader market, Litecoin jumped from a day start at $ 62.12 to a maximum of $ 64.87, outperforming the first big resistance of the evel day at $ 63.44 and second major resistance level at $ 64.74, with the first major support level at $ 60.19 not left to test.

An early-afternoon breakout saw Litecoin hit the third major resistance level of the day for $ 67.99, with a high intraday $ 67.96, before going back in the final hours.

At the time of writing, Litecoin was down 0.26% to $ 66.30, with Litecoin slid early in the morning to $ 64.52 before finding support, the first major level of support for the day at $ 63.06 left untested at the start [19659003] For the next day, an early-day move of $ 66.47 would have supported a run of $ 67 levels to bring the first major resistance level of the day into play at $ 68.9, with Litecoin needing to hold up to $ 66 to support the second half of a day's rally.

Failure to keep $ 66 could see Litecoin slip backwards of $ 65.5 to bring the $ 65 levels and the first major support level of the day to $ 63.06. Keeping over $ 65.5 in the early afternoon would be the key to Litecoin by avoiding a reversal of earnings on Saturday

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Ripple does a Splash

The Ripple XRP it gained 3.59% on Saturday, after 0.09% rise on Friday, to close the day at $ 0.34703.

In contrast to the wider market, Ripple's XRP had a morning move, going through the first main resistance level of the day to $ 0.3417 to a maximum of $ 0.34406 the morning before. to bring back to $ 0.33. [19659003] Following the broader market in the afternoon, Ripple's XRP surpassed the first major resistance level and the second resistance level of $ 0.3483 to an intraday high of $ 0.354 before returning to $ 0. , 34 in the final part of the day.

At the time of writing this article, Ripple's XRP had dropped 0.77% to $ 0.34455, with Ripple's XRP slipping at the start of a low day at $ 0.3377 before recovering, the morning low above the first major support of the l evel day at $ 0.3365.

For the day ahead, a move of $ 0.3453 will sustain a run of a day high $ 0.34721 to bring $ 0.35 levels and the first major resistance level of the day to $ 0.3558 in play, a reversal of the morning slide that provides the crypto-bolts with some hope of recovery for the second half of a day, while some profits that take away the back of 2-consecutive days of earnings may limit the rise later in the day.

Failure to pass and hold above $ 0.3453 could see Ripple's XRP return during the morning of $ 0.3377 later in the day, with the first major support level at $ 0.3365 and below $ 0.33 at stake in case the larger market fails to track Bitcoin Cash in positive territory.

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