Daily analysis of Bitcoin Cash, Litecoin and Ripple Daily – 03/09/18

Bitcoin liquidity sees red

Bitcoin cash has recovered 5.33% on Sunday, after a 14.1% increase on Saturday, to close the week by 24.4%.

In contrast to the broader market, Bitcoin Cash has rallied to an early morning high intraday of $ 660.7, the morning move that sees Bitcoin Cash exceeding the first resistance level $ 654.4 before returning to a relatively small afternoon, Bitcoin Cash managed to keep the first gains despite losses elsewhere in the cryptomarket.

At the time of writing, Bitcoin Cash had fallen by 1.93% to $ 639.1, with Bitcoin Cash withdrawing from the start of a day high $ 657.2 to a minimum of $ 629.2 in the morning before stabilizing, the moves in the first part of the day leaving maximum support and resistance levels not tested.

For the next day, taking over $ 638.5 would hold a run back over the course of the morning $ 657.2 high to bring $ 660 levels and the first major support level of the day to $ 674.07 in play, too if the sentiment across the broader market will have to improve materially to support a $ 670 run.

Failure to hold over $ 638.5 could see Bitcoin Cash slip to a minimum of $ 629.2 to bring the first major level of support of the day at $ 616.37 in play, while support levels for $ 600 will be unlikely tested during the day, excluding materially negative news affecting the news wires.

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Litecoin Feeling the Monday Blues

Litecoin slipped from Lo 0.36% on Sunday, after the Saturday rally of 6.95%, closed the week upwards 16% to $ 66.23.

A morning rally saw Litecoin recover from an initial dip at an intraday high of $ 66.85 before hitting the reverse at a late-morning intraday of $ 64.1, the moves during the day that did not confirm the major support and resistance levels.

Support in the afternoon limited Litecoin's losses for the day, with Litecoin reaching $ 66 at the end of the day. [19659003] At the time of writing, Litecoin was down 1.3% to $ 65.37, with Litecoin following the broader market until the early hours, withdrawing from a maximum of $ 66.51 to a minimum of $ 64.85 before returning to $ 65.

While pushing away the first major resistance level at $ 67.35, Litecoin reached its first major support level at $ 64.6 in the early hours.

For the next day, a move and hold of over $ 65.8 would support a move through the $ 66 and the morning high, bringing the first major support level to $ 67.35, even if we can expect Litecoin to put up a lot of resistance in a run at $ 67 levels in the day.

Failure to return to $ 65.8 and hold the morning could see Litecoin making a big hit later in the day, with the first major level of support of the day at $ 64.6 and $ 63 in play in the second part of the day if the wider market did not find support during the morning. [19659003]   {alt}

Ripple Slides Back

Ripple's XRP fell 1.45% on Sunday, partially reversing the 3.59% gain on Saturday, to finish the week 6% to $ 0.34199.

One rough day saw Ripple's XRP recovery from the start of a reversal of the day to hit a mid-morning intraday high of $ 0.34982 before returning to an early afternoon intraday at $ 0.336 to call support at the first major support level at 0.3365.

Ripple's XRP managed to avoid another material pullback in the afternoon, with support levels below $ 0.34, to see Ripple's XRP partially recover the losses of the first half of a day.

At the time of writing, Ripple's XRP had fallen 0.66% to $ 0.33983, with Ripple's XUCP succumbing to the start of a reversal of a week, moving from a high start of $ 0.34427 to a minimum of $ 0.33819, the first moves see the biggest support of the day and the untested resistance levels.

For the next day, a $ 0.34 level and hold down Hold a run at the first highest resistance level of the day at $ 0.3492 to bring $ 0.35 into play, though some initial profits that will take away the last week's earnings will have to decline in the morning to support an afternoon pickup.

Bankruptcy Going back to $ 0.34 levels could see Ripple's XRP pick up a bigger hit later in the day, with the first major support level of the day at $ 0.3354 much in play, while any Pullback to levels below $ 0.33 to test the second highest level of support of the day at $ 0.3288 will depend on sentiment across the broader market until the afternoon.

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