Home / Litecoin / Daily analysis of Bitcoin Cash, Litecoin and Ripple Daily – 10/30/18

Daily analysis of Bitcoin Cash, Litecoin and Ripple Daily – 10/30/18

Bitcoin money slides

Bitcoin cash slipped by 5.49% on Monday, adding to the losses of the previous week, to end the day at $ 418.3, its lowest end-of-day price since 17th September is $ 416.9.

A limited series at the start of the day saw Bitcoin Cash hit an early morning high intraday high at $ 443.2, dropping well below the first major resistance level of the day to $ 458.13 before turning back. A large-scale criptomercato sell-off in the late morning saw the sale of Bitcoin Cash through the main support levels of the day to a low intraday of $ 414.2 before moving on to a relatively limited afternoon.

The sell-off came out of the back of the news affecting the MapleChange wires becoming the latest victim of an encrypted theft, albeit smaller in size.

At the time of writing, Bitcoin Cash rose 0.56% to $ 420.7, with another range started at the start of the day with the rise of Bitcoin Cash from a low day's start $ 418.3 to a maximum of $ 421 in the morning, the largest support of the day and the levels of resistance remained untested.

For the next day, a move of up to $ 425.23 will support a run of $ 430 levels to bring the first resistance level higher to $ 436.27, with the crypts looking to recover the loss driven by the news on Monday, while we expect Bitcoin Cash to drop $ 440 levels on the day.

The failure to move to $ 425.23 could see Bitcoin Cash returning later in the day, a fall in the low morning of $ 418.3 bringing under $ 410 levels and the first major level of support of the day at $ 407.27 in play before any recovery.

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Litecoin in the $ 40 …

Litecoin fell 6.03% on Monday after falling 1.32% last week to close the day at $ 48.3, the first sub-$ 50 close from 12th The September swing is $ 47.19.

Tracing the broader market, an interval that began on the day saw Litecoin return home from the start of a high intraday day at $ 51.63, which failed to hold the first major resistance level at $ 51.76. . News of the late morning led Litecoin's sale, slipping the most support levels of the day to a low intraday of $ 47,34, holding just over 12th The September swing at $ 47.19 before stabilizing, Litecoin failed to break the third major support level at $ 50.34 by the end of the day.

At the time of writing, Litecoin was up 0.66% to $ 48.76, with Litecoin rising from a low day to $ 48.43, the moves in the early morning left the main Untested support and resistance levels.

For the day ahead, a $ 49.13 move will support a $ 50 level race to bring the first resistance level higher to $ 50.93, while we expect Litecoin to be repaid by a move up to $ 51. , with the sell-off on Monday a strong reminder of the impact of news on the market.

Failure to move $ 49.13 in the early afternoon could see Litecoin renouncing morning gains, with a $ 48.43 drop in the morning with a chance to see Litecoin return to $ 47, while we expect the first The main support level at $ 46.64 is not tested by excluding materially negative news affecting the wires.

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Ripple follows the package

Ripple's XRP fell 4.03% on Monday, more than reversing the 1.11% gain on Sunday to close the day at $ 0.4456.

In line with the broader market, the day's reluctance interval started saw Ripple's XRP come back from an early morning intraday high at $ 0.4652, keeping the levels of $ 0.46 before the late morning sale, the first moves leaving the main support of the day and untested resistance levels.

The late morning sale saw Ripple's XRP slip through the main support levels of the day to a low intraday of $ 0.43513 before finding support, with Ripple's XRP exceeding the third main support level at $ 0.4442 by the end of the day.

At the time of writing this article, Ripple's XRP was up 1.13% to $ 0.45067, while the upward thrust towards the early hours saw Ripple's XRP wave. from a low beginning of the day to $ 0.44483 to a maximum of $ 0.4513, the main levels of support and resistance of the day not tested.

For the next day a hold on $ 0.45 levels until the morning would have supported a run of $ 0.46 levels to bring the first resistance level to $ 0.4622 in play before any pullback, $ 0.47 levels and the second resistance level at $ 0.4787 hardly at stake through the day.

The inability to maintain the $ 0.45 levels could see Ripple's XRP renouncing some of the early gains, with a pullback of $ 0.4486 likely to see Ripple's XRP drop to the minimum of $ 0.44483 to test the support at $ 0.4400 before any recovery, the first major level of support of the day at $ 0.4321 is unlikely to be in play the day.

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