Daily analysis of Bitcoin Cash, Litecoin and Ripple Daily – 19/08/18

Bitcoin's liquidity vanishes

Bitcoin's liquidity slipped by 8.5% on Saturday, partly reversing the 16.77% gain on Friday, to close the day at $ 553.9.

A $ 610 high intraday start of the day, which fell to the first major resistance level at $ 633.2, was the only bullish move of the day, with Bitcoin Cash exceeding the first level of main support at $ 543.3 for an intraday in the late afternoon low $ 533.9, before recovering to $ 550.

At the time of writing, Bitcoin Cash dropped 1.63% to $ 544, 8, with the momentum from Saturday's sell-off to the early hours, Bitcoin's cashcoin dropped from a low of $ 544.2 to a minimum of $ 539.7 before recovering to $ 540.

the following day a pass up to $ 565 will support a run at the first major resistance level of $ 597.57 to bring back $ 600, with Bitcoin Cash retaining $ 540 levels until the morning to sustain a recovery in the afternoon.

Bankruptcy to go through to $ 560 levels could see the Bitcoin Cash take a big hit later in the day, with any drop up to $ 540 levels that could bring the first major support level to $ 521.47 in play.

Saturday's biggest sell-off on Saturday was a further test of investor sensitivity to volatility, with downward fluctuations early on Saturday morning, investors fear being involved in a sells more material, leaving Bitcoin Cash in the hands of the cryptic bears. [19659008] {alt} "class =" JsEnabled_Op (0) JsEnabled_Bg (n) Trsdu (.42s) Bgr (nr) Bgz (cv) Maw (100%) "itemprop =" url "style =" background-image: url (https://s.yimg.com/ny/api/res/1.2/R5qsa2ejrYXwvJyXLowGhg–~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAw/http://media.zenfs.com/en-US/homerun/fx_empire_176/ab518516d7a57d7a6cdf3bd094ca823c); "src = "https://s.yimg.com/g/images/spaceball.gif" data-reactid = "22" />

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Litecoin Back in $ 50

Litecoin dropped 7.25% on Saturday, reversing most of the 11.25% gain on Friday, to end the day at $ 57.34

Following the broader market trend, Litecoin slipped from a high early morning $ 62.6 to a late intraday stern in July to $ 55.66, i movements during the day see Litecoin fall to the first support level at $ 57.29, before recovering to $ 57.

The only good news of that day was the resumption of Litecoin in the first major level of support of the day by the end of the day, the sell-off reaffirming the extended downtrend and continuing the trend of sharp contractions from the back of strong rallies.

At the time of writing, Litecoin was up 0.37% to $ 57.6, the first moves seeing Litecoin rebound back from a low day start $ 56.51, with the most support of the day and levels of untested resistance, the first gains of Litecoin in contrast to the broader market trend.

For the day ahead, a move of up to $ 58.5 would sustain a $ 60 level run to bring the first major resistance level to $ 61.41, although we can expect Litecoin to endure a lot of resistance. 39; approach to $ 60 if the broader market sentiment will not improve during the day. [19659017] Failure to qualify for $ 58 could see Litecoin's downtrend during the low $ 56.51 morning to bring the day's first major support level to $ 54.47, with a reversal that depends from the fact that the broader market can recover from further losses in the early hours of this morning.

While maintaining the $ 57 levels during the morning will be crucial, Litecoin will hardly manage to reverse the trend all day. Source link