Home Litecoin Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 02/06/19 – Yahoo Finance

Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 02/06/19 – Yahoo Finance

by admin

Bitcoin Cash – ABC – A Sunday Rebound?

Bitcoin Cash ABC fell by 2.38% on Saturday. Partially reversing a 4.15% gain from Friday, Bitcoin Cash ABC ended the day at $432.3.

A relatively bearish start to the day saw Bitcoin Cash ABC fall from an early intraday high $447.72 to an early afternoon intraday low $428.83.

Bitcoin Cash ABC left the major support and resistance levels untested.

Finding support through the afternoon, Bitcoin Cash ABC managed to strike an afternoon high $441.62 before easing back.

At the time of writing, Bitcoin Cash ABC was up by 1.62% to $439.31. A relatively bullish start to the day saw Bitcoin Cash ABC rise from a morning low $433.54 to a high $439.31.

Bitcoin Cash ABC left the major support and resistance levels untested early on.

For the day ahead, a hold above $436 levels would support a run at the first major resistance level at $443.74.

Bitcoin Cash ABC  would need support from the broader market, however, to break out from $440 levels.

Failure to hold above $436 levels could see Bitcoin Cash ABC hit reverse on the day. A pullback through to sub-$430 levels would bring the first major support level at $424.85 into play.

Barring a crypto meltdown, Bitcoin Cash ABC would steer clear of sub-$420 levels on the day.

Litecoin in a Holding Pattern

Litecoin slipped by 1.72% on Saturday. Partially reversing a 5.97% gain from Friday, Litecoin ended the day at $112.48.

A relatively bearish start to the day saw Bitcoin Cash ABC fall from an early intraday high $116.11 to a mid-morning intraday low $111.00.

Range-bound through the rest of the day, Litecoin failed to break out from $114 levels, whilst avoiding sub-$111 levels on the day.

Litecoin left the day’s major support and resistance levels untested through the day.

At the time of writing, Litecoin was down by 0.04% to $112.44. A relatively range-bound start to the day saw Litecoin fall from a morning high $113.77 to a low 111.90 before finding support.

Litecoin left the major support and resistance levels untested early on.

For the day ahead, a move back through to $113.20 levels would signal a run at $115 levels later in the day.

Support from the broader market would be needed, however, for Litecoin to take a run at the first major resistance level at $115.39.

Failure to move back through to $113.20 levels could see Litecoin slide deeper into the red. A fall back through the morning low $111.90 would bring the first major support level at $110.28 into play.

Barring a broad-based crypto sell-off, Litecoin will likely steer clear of sub-$110 support levels on the day.

 

Ripple Struggles at $0.43

Ripple’s XRP fell by 2.01% on Saturday. Partially reversing a 4.52% fall from Friday, Ripple’s XRP ended the day at $0.42873.

A bearish start to the day saw Ripple’s XRP slide from an early intraday high $0.43296 to an early afternoon intraday low $0.41775.

Falling well short of the major resistance levels, Ripple’s XRP came within range of the first major support level at $0.4167.

Finding support late in the day, Ripple’s XRP recovered to $0.43 levels before easing back.

At the time of writing, Ripple’s XRP was up by 0.66% to $0.43156. Range-bound through the early hours, Ripple’s XRP rose from a morning low $0.42750 to a high $0.43444 before easing back.

Ripple’s XRP left the major support and resistance levels untested early on.

For the day ahead, a hold onto $0.43 levels would support a run at the first major resistance level at $0.4405.

Support from the broader market would be needed, however, for Ripple’s XRP to breakout from $0.4350 levels.

Failure to hold onto $0.43 levels could see Ripple’s XRP hit reverse on the day. A pullback through the morning low $0.42750 would bring $0.41 levels into play before any recovery.

Barring a crypto meltdown, the first major support level at $0.4173 would likely limit the downside on the day.

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

More From FXEMPIRE:

Let’s block ads! (Why?)

Source link

Related Articles

Leave a Comment

CAPTCHA ImageChange Image

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More