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Daily analysis of Bitcoin Cash, Litecoin and Ripple Daily – 28/09/18

Bitcoin Cash Up Again

Cash Cash from Bitcoin reorganized for a 2ND Thursday in a row, gaining 10.14% from the 15.2% peak on Wednesday to close the day at $ 567.

A relatively positive start to the day saw Bitcoin Cash withdraw from its first gains to $ 513 before a late-night rally was launched, Bitcoin Cash outperforming $ 568.37 at an early $ 590 high intraday early afternoon. Limited range during the rest of the day, the main support levels of the day were not tested, with a low intraday start of $ 512.8 at the first level of main support at $ 447.17.

At the time of publication, Bitcoin Cash fell 0.78% to $ 561.6, with a Bitcoin Cash loosening from a one-day start high $ 577 to a minimum of $ 556.6 in the morning before returning to $ 560 levels, the first moves leaving the main support of the day and untested resistance levels.

For the day ahead, a hold at $ 560 would support a run at the start of the day at $ 577, which could see the Bitcoin Cash target on Thursday at $ 590 to bring $ 600 levels and the first major level of resistance of the day at $ 600.4 in play. Sentiment through the broader market should still improve materially, with Bitcoin Cash reaching the last time $ 600 levels in 1st week of September.

The failure to keep the levels of $ 560 until the morning could see Bitcoin Cash slip to a minimum of $ 556.6 to bring the day's first major support level to $ 523.2, any reversal that could lead to investors who block profits in fear of a strong sale. off.

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Litecoin inspires

Litecoin joined the crypt party on Thursday, climbing 10.29% to reverse the 0.61% decline on Wednesday, closing the day at $ 63.11.

Following the broader market, Litecoin slid late into the intraday morning at $ 56.68 before the cryptomarket rally kicked off, while Litecoin surpassed the highest resistance levels of the day up to an intraday limit of $ 65, 6.

At the end of the day the pullback saw Litecoin slip back into the third resistance level of $ 64.61, managing to keep the levels of $ 60 by the end of the day.

At the time of writing, Litecoin rose 0.14% to $ 63.2, Litecoin rose to $ 64.43 at the start of the morning, before falling to a minimum of $ 62.73, the main levels of support and resistance not tested before going back to $ 63 levels.

For the next day, a maintenance at $ 63 levels would hold another run at $ 64 levels throughout the day to bring the first level of resistance higher at $ 66.91, even though Litecoin will need to overcome the $ 64 by late morning to support another afternoon rally.

The inability to maintain the $ 63 levels could see Litecoin drop to low levels from $ 62.73 to $ 62, with any decline below $ 61.8 with a probability of reaching $ 60 and the first level of main support for $ 57.99 before recovering.

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Ripple delays the leaders

Ripple's XRP gained 5.8% on Thursday, reversing the 2.16% fall on Wednesday, to close the day at $ 0.54301, the moves in the day touched the top spots.

A halt in the early morning saw Ripple's XRP drop to a late morning intraday at $ 0.50671 before finding support, the first major support level at $ 0.4736 was not tested the day.

A large late-morning market rally left Ripple's XRP behind, Ripple's XRP struggling in the middle of the day before a late recovery, seeing Ripple's XRP shift to a maximum of 0.5571 intraday, the day in the first level of resistance greater than $ 0.5645.

At the time of writing this article, Ripple's XRP fell -0.91% to $ 0.53841, with Ripple's XRP returning from a maximum of $ 0.54961 to a minimum of $ 0.53112 before stabilizing, the moves during the early morning leaving the support and resistance greater than untested levels.

For the day ahead, a return to levels of $ 0.54 and the morning high $ 0.54961 will sustain a run at $ 0.55 levels while the $ 0.56 levels and the first major resistance level of the day at $ 0.5636 they could be out of reach at the weekend.

Failure to return to $ 0.54 levels could see Ripple's XRP retreat to a minimum of $ 0.53112 to bring $ 0.52 levels into play and the first major support level to $ 0.5146 in play, a hold greater than $ 0.535 needed to avoid a more material sale later in the day.

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