Bitcoin Cash ABC Sees Red Again<\/p>\n
Bitcoin Cash ABC fell by 0.04% on Saturday. Following on from a 0.40% decline on Friday, Bitcoin Cash ABC ended the day at $221.64.<\/p>\n
A bearish start to the day saw Bitcoin Cash ABC slide from an early morning high $221.73 to a mid-morning low $219.22.<\/p>\n
Steering clear of the major support and resistance levels, Bitcoin Cash ABC recovered to $220 levels. A second sell-off saw Bitcoin Cash ABC fall to an early afternoon intraday low $219.03 before finding support.<\/p>\n
Holding above the first major support level at $218.26, Bitcoin Cash ABC bounced back to a late intraday high $222.31.<\/p>\n
A final hour pullback left Bitcoin Cash ABC back at $221 levels at the day end.<\/p>\n
At the time of writing, Bitcoin Cash ABC was down by 0.80% to $219.87. Another bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $222.09 to a low $219.87.<\/p>\n
Falling short of the first major resistance level at $222.96, Bitcoin Cash ABC came within range of the first major support level at $219.68.<\/p>\n
For the day ahead, a move back through to $221 levels would support another run at the first major resistance level at $222.96.<\/p>\n
Bitcoin Cash ABC would need the support of the broader market, however, to break out from the morning high $222.09.<\/p>\n
Barring a broad-based crypto rally, we would expect Bitcoin Cash ABC to fall short of the second major resistance level at $224.27.<\/p>\n
Failure to move back through the $221 levels could see Bitcoin Cash ABC slide through the first major support level at $219.68.<\/p>\n
Barring an extended sell-off through the day, however, we would expect Bitcoin Cash ABC to steer clear of sub-$218 support levels.<\/p>\n
Litecoin rose by 0.69% on Saturday. Following on from a 0.12% gain on Friday, Litecoin ended the day at $56.85.<\/p>\n
Tracking the broader market, Litecoin fell from an early morning high $56.81 to an early afternoon intraday low $55.68.<\/p>\n
Holding above the first major support level at $55.33, Litecoin bounced back to an early afternoon intraday high $57.45.<\/p>\n
The afternoon rally saw Litecoin come within range of the first major resistance level at $57.59 before easing back $55 levels.<\/p>\n
Finding support late in the day, Litecoin moved back to $56 levels to end the day in the green.<\/p>\n
At the time of writing, Litecoin was down by 1.99% at $55.72. A particularly bearish start to the day saw Litecoin slide from an early morning high $56.96 to a mid-morning low $55.50.<\/p>\n
Falling short of the major resistance levels, Litecoin fell through the first major support level at $55.87.<\/p>\n
For the day ahead, a move back through the first major support level to $56.70 levels would support a bullish move.<\/p>\n
Litecoin would need the support of the broader market, however, to break back through the $57 levels.<\/p>\n
Barring a broad-based crypto rebound, we would expect Litecoin to fall short of the first major resistance level at $57.64.<\/p>\n
Failure to break back through the first major support level to $56.70 levels could see Litecoin fall deeper into the red.<\/p>\n
A fall through the morning low $55.50 would bring the second major support level at $54.89 into play.<\/p>\n
Barring a crypto meltdown, we would expect Litecoin to steer clear of sub-$54 support levels on the day.<\/p>\n
Story continues<\/p>\n
Ripples XRP rose by 0.36% on Saturday. Following on from a 2.27% rally on Friday, Ripples XRP ended the day at $0.25434.<\/p>\n
A mixed start to the day saw Ripples XRP rise to an early morning high $0.25620 before falling to a late morning low $0.25151.<\/p>\n
In spite of the choppy start, Ripples XRP left the major support and resistance levels untested through the morning.<\/p>\n
In the 2nd half of the day, Ripples XRP rallied to a late afternoon intraday high $0.25771.<\/p>\n
Falling short of the first major resistance level at $0.2592, Ripples XRP slid to a late intraday low $0.24552.<\/p>\n
The pullback saw Ripples XRP fall through the first major support level at $0.2467 before recovering to $0.25 levels.<\/p>\n
At the time of writing, Ripples XRP was down by 0.41% to $0.25329. A relatively choppy morning saw Ripples XRP fall to an early morning low $0.25161 before finding support.<\/p>\n
Steering clear of the major support levels, Ripples XRP bounced back to a mid-morning high $0.25636.<\/p>\n
In spite of the morning rally, Ripples XRP fell short of the first major resistance level at $0.2595 early on.<\/p>\n
For the day ahead, Ripples XRP would need to steer clear of sub-$0.2530 levels to support an afternoon recovery.<\/p>\n
A move back through to $0.2550 levels would bring the first major resistance level at $0.2595 into play.<\/p>\n
Barring a broad-based crypto rally, however, Ripples XRP would likely fall short of $0.26 levels for a 4th consecutive day.<\/p>\n
Failure to steer clear of sub-$0.2530 levels could see Ripples XRP struggle throughout the day. A fall through to $0.2510 levels would bring the first major support level at $0.2473 into play before any recovery.<\/p>\n
Barring an extended sell-off through the day, Ripples XRP should steer clear of the second major support level at $0.2403.<\/p>\n
Please let us know what you think in the comments below<\/p>\n
Thanks, Bob<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Originally posted here:<\/p>\n
Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 06\/10\/19 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin Cash ABC Sees Red Again Bitcoin Cash ABC fell by 0.04% on Saturday. Following on from a 0.40% decline on Friday, Bitcoin Cash ABC ended the day at $221.64. A bearish start to the day saw Bitcoin Cash ABC slide from an early morning high $221.73 to a mid-morning low $219.22 Continue reading