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Bitcoin Cash Rebounds
Bitcoin Cash rose 8.98% Friday, after rising 0.09% Thursday, to close the day at $ 465.8, or 4 consecutive days of gains reversing Monday's sale to Bitcoin Cash of 5.24% for the current week.
The first half of the day was marked by a $ 426.2 drop for Bitcoin Cash, which is above the first main support level at $ 424.5. A mid-day rally allowed Bitcoin Cash to break the $ 47.96 mark before falling back to $ 460 before falling back to $ 460. Bitcoin Cash thus managed to exceed the third main resistance level, at 437.8 USD at the end of the day.
At the time of writing, Bitcoin Cash was down 0.2% to $ 464.9. Bitcoin Cash rose from $ 462.5 in the morning to $ 467 in the morning, before falling back, a range early in the day without the support and resistance levels of the day being tested.
For the day ahead, maintaining levels at $ 460 all morning would encourage a bullish movement to bring the levels back to $ 470, while we expected Bitcoin Cash to be under $ 480 and the first level of resistance to $ 485.8, except for larger cryptographic exchanges announcing BCH support in the 15th Hard fork of November.
Litecoin sees more gains
The litecoin gained 1.93% Friday, after a rise of 1.43% Thursday, to end the day at $ 51.13, an increase of 4 consecutive days reducing losses of the week to only 0.8%.
At the beginning of the day, with a drop of US $ 50.08, Litecoin is away from the first level of major support at $ 49.58. An early rally allowed Litecoin to break through the first major resistance level at $ 50.63, peaking at $ 50.9 before easing off.
The second half of the day was more optimistic, with Litecoin breaking the first major resistance level at $ 50.63 and the second major resistance level at $ 51.06 to hit a high of the day at $ 51.66 before to relax.
At the time of writing, Litecoin was down 0.31% to 50.97 USD. The beginning of the day was marked by the highs of the day, with 51.3 USD and 50.94 USD in the morning, leaving the levels of support and resistance of the day untested.
For the day ahead, keeping above levels below $ 50.9 throughout the morning would return to $ 51 to bring the first resistance level of the day to $ 51.83. We expect the Litecoin to continue to fall below the levels of 52 USD. .
If you do not keep $ 50.9 all morning, Litecoin may be more successful later in the day, with the first major support level of the day at $ 50.25 at stake. Support levels below $ 50 are tested unless negative information is available. .
Fight against the ripples
The Ripple's XRP gained 0.35% on Friday after rising 1.49% on Thursday, ending the day at $ 0.46266, the day's gain reducing the loss for the week to only 0.35%.
On a more turbulent day, Ripple's XRP rate slipped to a morning low of $ 0.459, surpassing the first major support level at $ 0.4537 before finding support in the broader market. . Ripple's XRP broke the first major resistance level at US $ 0.4647, reaching an intra-day high of US $ 0.46792 before slackening at the end of the day, while maintaining a level of 0, USD 46.
At the time of writing, Ripple's XRP was down 0.43% to 0.46067 USD. The bearish beginning of the day saw Ripple's decline on the XRP from a start of the day at 0.46455 USD to 0.45987 USD, before returning to 0.46 USD. The main levels of support and resistance of the day were not tested early.
For the day ahead, a decline of 0.4632 USD late morning would lead to another race at the first major resistance level at 0.4674 USD, with levels of 0.47 USD and at the second resistance level at $ 0.4721 in play if Ripple's PPR showed up earlier in the day. However, keeping the $ 0.47 level at the end of the day can be a challenge.
If we did not come back to $ 0.4632 in the late morning, the Ripple XRP would be more successful later in the day, with a decline of $ 0.45987 in the morning, bringing the first major support level of the day to $ 0.4585 before any recovery, the second major support of the day. level at $ 0.4543 will probably not be tested.
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