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Bitcoin Cash – ABC – Sees Red
Bitcoin Cash ABC rose 1.59% on Saturday. After a 0.46% gain over Friday, Bitcoin Cash ABC ended the day at $ 407.05.
Bitcoin Cash ABC had a mixed start, going from an intraday low of $ 400.67 to a morning high of $ 406.43 before dropping back to $ 401.
Avoiding the main levels of support and resistance, Bitcoin Cash ABC hit a high of $ 416.8 at the end of the day at the end of the day.
Bitcoin Cash ABC broke the first major resistance level at $ 409.98. Bitcoin Cash ABC did not reach the FIB (418 USD) representing 23.6% of the FIB, it returned to levels below 410 USD at the end of the day.
At the time of writing, Bitcoin Cash ABC was down 1.15%, falling to 402.37 USD, the lowest in the morning. The beginning of the day was mixed: Bitcoin Cash ABC peaked at 406.63 USD to reach its highest level in the morning, before falling into the red.
Bitcoin Cash ABC quickly left the main levels of support and resistance untested.
For the day ahead, the move to $ 408 levels would favor a race of the first major resistance level at $ 415.68.
Barring a generalized encryption rally, the first major resistance level and Saturday's record of $ 416.8 would cap any rise in the day.
If you do not reach the $ 408 level, Bitcoin Cash ABC may sink into the red. A decline of the first major support level to $ 399.55 would bring the second major support level to $ 392.04.
In the absence of a cryptographic merger, ABC Bitcoin Cash should avoid levels below US $ 390.
Litecoin is fighting for $ 120
The litecoin fell 0.18% on Saturday. After falling 0.79% from Friday, Litecoin finished the day at $ 118.25.
Litecoin kicked off the day with a high of $ 120.91. Faced with the first major resistance level, at 120.74 dollars, the litecoin found a floor of 118.18 dollars, the lowest of the morning.
After clearing 117 FIB of the 23.6% FIB and a first major support level at 116.27 USD, the Litecoin hit a high of 122.29 USD at the end of the day.
The Litecoin surpbaded the first major resistance level at $ 120.74 before falling to a low at the end of the day, at $ 117.3.
The Litecoin found support at $ 117 to regain support at 117.6% of the FIB, which corresponds to 23.6% of the FIB.
At the time of writing, Litecoin was down 0.18% to $ 118.04. The start of the day was chaotic and Litecoin climbed from $ 117.43 to $ 119.14 before retreating.
Litecoin left the main levels of support and resistance untested early.
For the day ahead, the return to the morning high at $ 119.30 would support the first major resistance at $ 121.26.
Litecoin would however need the support of the entire market to squeeze out $ 120.
Barring a large-scale encryption rally, Saturday's record of $ 122.29 is expected to limit the rise.
If one fails to reach the 119.30 dollars, Litecoin could go back to 117 dollars.
In the event of an extended sale, Litecoin could rise to 117 USD, or 23.6% of the FIB, to test the first major support level at $ 116.37 before any takeover.
Ripple's XRP Visits $ 0.41 Levels
Ripple's XRP gained 3.08% on Saturday. Ripple's XRP closed the day at $ 0.39155.
Ripple's XRP went from an intraday trough of $ 0.37936 to a higher morning of $ 0.38738.
Ripple's XRP was in the range of the first major resistance level at $ 0.3878 before returning to $ 0.381.
A rally in the early afternoon allowed Ripple's XRP to hit an intra-day high of US $ 4,41113 before falling back below US $ 0.39.
The rally saw Ripple's XRP take the first major resistance level at $ 0.3878 and the second major resistance level at $ 0.3061.
Ripple's XRP encountered the third major resistance level at $ 0.4120 before the rollover.
At the time of writing, Ripple's XRP was down 0.6% to $ 0.38921. The start of the day was marked by the decline in the Ripple Reference Rate (XRP), which rose from a morning high of $ 0.39199 to $ 0.38820 before stabilizing.
Ripple's XRP left the main levels of support and resistance untested.
For the day ahead, the move to 0.3940 USD would return to 0.40 USD.
Ripple's XRP would, however, need broad market support to reach the first major resistance level at $ 0.4087.
In the event of a widespread takeover of crypto, the FIB at 0.6164 USD at 23.6% would probably limit the day's hike.
If you can not reach the $ 0.3940 levels, Ripple's XRP may slide to levels below $ 0.3850.
However, barring an extended crypto sale, Ripple's XRP should avoid the first major support level at $ 0.3769.
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Thanks Bob
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