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

Bitcoin money struggles continue

Bitcoin money fell 4.79% on Saturday, after falling 4.42% on Friday, to close the day at $ 473.3, l & # 39; # 39; last slide that made 6 consecutive days in red.

The first half of the day saw that Bitcoin Cash fell well below the first major resistance level of the day to $ 519.83, with a high intraday of $ 506.6 before hitting in the late afternoon. Bitcoin Cash sold the first major daily support level of $ 483.23 and the second main support level of $ 469.37 at an intraday low and a new swing at $ 463 before a partial recovery at the end of the day.

At the time of writing, Bitcoin Cash was down 2.04% to $ 464, with support late on Saturday able to repel the continued reversal in the early hours. Falling from a start to a high day $ 473.7, Bitcoin Cash dropped to a low of $ 463, matching the new swing on Saturday before stabilizing.

For the next day, a return to high levels from $ 473.7 to $ 480 would support a run at the first major resistance level of the day at $ 498.93 to bring $ 500 levels into play, although sentiment through the broader market towards the next week's EU meeting will have to move materially for any recovery later in the day.

Failure to return through the highs of the morning at $ 480 could see the Bitcoin Cash have a greater success throughout the day, with a fall during the low morning of $ 463 bringing in play the first important level of support of the day at $ 455.33. A continued sell-off would bring the lower levels to $ 450, the bears in full control ahead of the EU meeting that encrypted at the top of the agenda.

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Litecoin Eyeing sub- $ 50 [19659002] On Saturday, after Friday's 3.36% drop, Litecoin slipped 4.25% to close the day for $ 53, 2, the day down one day in red for the current week.

the first half of the day saw Litecoin move to a late-morning intraday high of $ 57.28, not exceeding the first major resistance level of the day at $ 57.98, before a large market crash. Litecoin exceeded its first major daily support level at $ 54.06 and the second main support level at $ 52.58 at a low intraday $ 51.77 before returning to $ 53.

At the time of writing, Litecoin was down 1.45% to $ 52.41. Following the broader market, Litecoin slipped from the top of a day high from $ 53.25 to a minimum of $ 52.17 before stabilizing, the moves in the early morning leaving maximum support of the day and levels of resistance not tested.

For the day ahead, a move The morning highs from $ 53.25 to $ 54 would sustain a run of $ 55, while the first major resistance level at $ 56 will probably remain untested, sentiment The market will probably see Litecoin struggling to get out of $ 55 in the event of a reversal of losses in the morning.

Failure to move to $ 54 could see Litecoin taking heavier losses during the day, with a fall in the low morning of $ 52.17 bringing in the game the first major level of support of the day at $ 50.89, with sub- $ 50 levels a target for the cryptic bears.

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Ripple On the Ropes

Ripple's XRP fell 3.58% on Saturday, after the Friday slide 4.87%, to end the day at $ 0 .27677, the day's withdrawal marked one day consecutive in red.

Following the broader market, Ripple's XRP shifted towards the late intraday morning of $ 0.29396 before being hit by the large -off sales market in the late afternoon, the high of the day fell to the first resistance level at $ 0.3006.

The late afternoon sell-off saw Ripple's XRP fall through the first major support level of the day at $ 0.2771 to an intraday low of $ 0.27249 before finding support, while not is able to go back through the first level of main support by the end of the day.

At the time of writing, Ripple's XRP was down 1.55% to $ 0.27250. In contrast to the broader market, Ripple's XRP rose to a high of $ 0.278 before hitting down, the broad market sale saw Ripple's XRP drop to a minimum $ 0.27075 before stabilizing.

For the next day, a reversal of the morning highs from $ 0.278 to $ 0.28 would support a run at the first major resistance level of the day at $ 0.2897, even if a pass up to $ 0, 28 would be necessary in the early part of the day to support some hikes later in the day.

Failure to move to $ 0.28 levels could see Ripple's XRP drop deeper into the red, with the first major support level of the day at $ 0.2682 and levels lower than $ 0.25 in play during the day.

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