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Bitcoin Cash – ABC – shows the way
Bitcoin Cash ABC gained 2.65% on Saturday. After a 2.67% rise on Friday, Bitcoin Cash ABC ended the day at $ 302.45.
Bitcoin Cash ABC reached $ 284.17 down the morning before making a decision.
By avoiding the main levels of support, Bitcoin Cash ABC crossed the GIF by 291%, or 23.6%, to reach an intra-day high of $ 331.90. Bitcoin Cash ABC broke through the first major resistance level at $ 303.72 and the second major resistance level at $ 313.16.
Coming in the range of the third major resistance level, at $ 334.33, Bitcoin Cash ABC fell to $ 290.00 before rebounding to $ 300.
At the time of writing, Bitcoin Cash ABC was up 4.25% to reach $ 315.31. After recovering from a low of 300 USD, Bitcoin Cash ABC reached 315.31 USD, the highest of the morning.
For the day ahead, maintaining levels at $ 310 all morning would encourage another breakout later in the day. A $ 320 move would support a race of the first major resistance level at $ 328.18. Another crypto rally would bring levels of $ 350 and the second major resistance level of $ 353.9 in play before any withdrawal.
If you do not keep the $ 310 levels, Bitcoin Cash ABC could give up the morning gains. A fall in levels below $ 300 would bring the first level of major badistance to $ 280.45 before any recovery. Unless crypto collapses, Bitcoin Cash ABC should cancel levels below $ 280 a day.
For bulls, a position above the 231% FIB of $ 291 will be essential to avoid a heavy loss that day.
Litecoin Eyes $ 100
Litecoin rose 3.93% on Saturday. After a gain of 4.65% Friday, the Litecoin ended the day at $ 92.37.
A bearish start to the day saw the Litecoin drop to $ 85.31 before finding support. In emerging from key levels of support, Litecoin reached $ 97.88, an intra-day high, before declining.
The litecoin has pbaded the first major resistance level at 91.48 USD and the second major resistance level at 94.07 USD. A late withdrawal at less than $ 90 was short-lived, with the litecoin reaching $ 93 at the end of the day.
At the time of writing, Litecoin was up 0.74% to reach $ 93.05. Litecoin had a mixed start and dropped to $ 91.29 before raising the bar to a record high of $ 93.76.
Litecoin left the main levels of support and resistance of the day unchanged.
For the day ahead, a hold on the $ 93 levels all morning would encourage another breakout later in the day. A move through the highest level of the morning from $ 93.76 to $ 95 would bring the first major resistance level to $ 98.4. However, the help of the whole market would be necessary for Litecoin to reach a level of 100 dollars.
Unless there is a generalized crypto escape, we would expect Litecoin to be below the second resistance level at $ 104.42.
If we do not keep the $ 93 levels, the Litecoin could fall back to $ 91 before any recovery. Unless there was a mbadive sell of the encrypted market, we expected Litecoin to hold well above the first major support level, at $ 85.83.
The ripple makes a gesture
The Ripple XRP fell 2.96% on Saturday. Ripple's XRP closed the day at $ 0.35619, partially reversing the 10.01% hike from Friday.
Looking for the market as a whole, Ripple's XPR price dropped to $ 0.3516 to hit an intraday low before finding support.
Remaining behind major support levels, Ripple's XRP hit a high of 0.36851 USD in the early afternoon, before retreating.
Well below the level of the first major resistance at $ 0.3889, the Ripple XRP fell to $ 0.35 at the end of the day.
At the time of writing, Ripple's XRP had increased by 2.55% to 0.36528 USD. Ripple's XRP rally went from $ 0.35472 to $ 0.3710 before being released. Avoiding the main support levels, Ripple's XRP broke the first major resistance level at $ 0.3659.
For the day ahead, returning to the first major resistance level would bring in $ 0.37. The help of the entire market would be needed for Ripple's XRP to reach the second level of resistance at US $ 0.3757. In the event of an escape, we expected Ripple's XRP price to be lower than Friday's record of 0.38353 USD.
If we did not return to the first level of major resistance, the Ripple XRP could give up the gains in the morning. A decline of US $ 0.3588 could allow Ripple's XRP test to reach the first major support level at US $ 0.3490. However, barring a crypto sale, we would expect the Ripple XRP to avoid levels below $ 0.35 the same day.
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