Daily analysis of Bitcoin Cash, Litecoin and Ripple Daily – 17/09/18


Bitcoin Cash Steadies

Bitcoin Cash gained 0.6% on Sunday, after rising 0.29% on Saturday, to close the day at $ 450.7, with the slight recovery of the weekend leaving Bitcoin Cash down 6.4% for the week.

Choppy Day saw Bitcoin Cash plunge into its first major day support level at $ 440.03 and the second major support level at $ 431.77 at an intraday low of $ 425.1 before rebounding to $ 440. levels. A push at the end of the day saw Bitcoin Cash move to a high intraday of $ 452, coming below the first main resistance level at $ 459.53, before returning to $ 450.

At the time of writing, Bitcoin Cash had increased by 1.8% to $ 458.7, with the Bitcoin Cash rally at the start of the day to a maximum of $ 463.4 in the morning before turning back. The moves during the early part of the day saw Bitcoin Cash test the first main resistance level at $ 460.1, leaving the first main support level at $ 433.2 untested.

For the next day, keeping the $ 450 levels supports another run at $ 460 levels and the first major resistance of the day, with a break to test the second main resistance level at $ 469.5 in play, Bitcoin Cash would avoid a late day inversion.

Failure to maintain $ 450 levels could see the fall of Bitcoin Cash pullback to $ 440 levels, while we expect the first major level of support of the day to $ 433.2 not be verified without materially negative news occurring affecting the threads,


Litecoin Up for a 4 th The consecutive day

Litecoin gained 0.87% on Sunday, after the increase 0.57% on Saturday, to end the day at $ 56.84, the weekend maneuvers that gave Litecoin a 3.53% gain for the week.

Tracing the broader market, Litecoin fell through th The first major level of one-day support for $ 55.22 at an early morning low intraday $ 54.45 before recovery. Support during the rest of the day saw Litecoin move to a maximum of intraday days of $ 57.45 before going down to $ 56, the day's level dropped to the first resistance level at $ 58.4.

At the time of writing, Litecoin rose 0.11% to $ 56.84, with an advance move to a maximum of $ 57.85 in the morning, Litecoin sat just above the start of a low day $ 56.8, the moves in the early hours leaving the highest levels of resistance and support tested.

For the next day, a return to the levels of $ 57 would sustain another run at the first main resistance level of the day at $ 57.8, while we expect Litecoin not to reach $ 59 and the second level resistance to $ 59.25, resistance expected to build materially on any move through the levels of $ 58.

Failure to return to levels of $ 57 and the peak of the morning could see Litecoin come back later in the day, with a pullback of $ 56.25 leading to $ 56 levels and the day First main support level to $ 55.54 in play, plus material decreases depending on the news of the day.


Ripple Up for the Week

Ripple & # 39; s XRP gained 0.33% on Sunday, following the Saturday increase of 1.49%, for end the day at $ 0.2812. The upward momentum over the weekend led to a gain of 1.47% for the week.

In line with the broader market, Ripple's XRP exceeded its first major day support level of $ 0.2754 to an intraday low of $ 0.27348 before support. the sell-off in the early afternoon tested the first major support level for 2 nd time before breaking up to $ 0.28 levels at the end of the day.

At the time of writing, Ripple's XRP was down 0.2%, with Ripple's XRP moving up to a morning peak of $ 0.28355 before hitting , dropping to a minimum of $ 0.28, the morning moves left maximum support and untested resistance levels.

For the future, holding over $ 0.279 through the morning would have supported another run at the first major resistance level of the day at $ 0.2845, with any large broad-based market rally bringing into play the second higher resistance level at $ 0.2879.

Failure to hold more than $ 0.279 could and Ripple withdrew XRP through the first major daily support level of $ 0.2757 to test the second main support level at $ 0.2701, with a direction at $ 0, 27 levels dependent on the news threads later in the day, anything negative that could bring Ripple's XRP to $ 0.26 levels.


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