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Bob Mason
Crypto00 567

Bitcoin Cash – ABC

Bitcoin Cash ABC rose by 1.42% on Sunday. Reversing a 1.08% fall from Saturday, Bitcoin Cash ABC ended the week down 0.78% at $213.05.

A mixed start to the day saw Bitcoin Cash ABC fall to an early morning intraday low $208.69 before making a move.

The reversal saw Bitcoin Cash ABC fell through the first major support level at $209.36.

Finding support through the morning, Bitcoin Cash ABC rallied to a late afternoon intraday high $215.21.

Bitcoin Cash ABC came up against the first major resistance level at $215 before easing back to $213 levels.

Through the latter part of the day, Bitcoin Cash ABC managed to break back through to $214 levels before a final hour pullback to $213 levels. In spite of the late pullback, it was a positive end to the week.

At the time of writing, Bitcoin Cash ABC was up by 0.45% to $214.0. A relatively bullish start to the day saw Bitcoin Cash ABC reverse Sunday’s final hour pullback.

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

For the day ahead, a move through to $215 levels by late morning would bring the first major resistance level at $215.94 into play.

Support from the broader market would be needed, however, for a breakout from Sunday’s high $215.21.

Barring an extended rally through the day, the first major resistance level at $215.94 would likely cap any upside.

Failure to move back through to $215 levels could see Bitcoin Cash ABC hit reverse.

A fall through to $212.30 levels would bring the first major support level at $209.42 into play before any recovery.

Barring a broad-based crypto sell-off, Bitcoin Cash ABC should steer clear of sub-$209 levels on the day.

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Litecoin

Litecoin rose by 0.86% on Sunday. Reversing a 0.35% decline from Saturday, Litecoin ended the week down 4.00% at $45.6.

A bearish start to the day saw Litecoin fall to an early morning intraday low $44.92 before finding support.

Steering clear of the first major resistance level at $44.65, Litecoin rallied to a late afternoon intraday high $46.32.

Litecoin broke through the first major resistance level at $46.16 before sliding back to $45.5 levels.

While resistance at $46 kicked in once more, Litecoin found late support to wrap up the day in the green.

At the time of writing, Litecoin was down by 0.09% to $45.56. A mixed first hour saw Litecoin rise to an early morning high $45.78 before falling to a low $45.55.

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

For the day ahead, Litecoin would need to move back through to $45.60 levels to support a run at the first major resistance level at $46.31.

Support from the broader market would be needed, however, for Litecoin to break back through to $46 levels.

Barring a broad-based crypto rally, Sunday’s high $46.32 and the first major resistance level would likely cap any upside.

Failure to move through to $45.60 levels could see Litecoin slide deeper into the red.

A fall through to $45.10 levels would bring the first major support level at $44.91 into play before any recovery.

Barring a crypto meltdown, Litecoin should steer clear of sub-$44 levels, however. The second major support level at $44.21 would likely limit any downside.

Ripple’s XRP

Ripple’s XRP rose by 0.92% on Sunday. Following on from a 0.63% gain on Saturday, Ripple’s XRP ended the week up by 1.95% at $0.23101.

A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.23064 before sliding to an early morning intraday low $0.22558.

Ripple’s XRP broke through the first major resistance level at $0.2308 before sliding through the first major support level at $0.2257.

Tracking the broader market, Ripple’s XRP rallied to a late afternoon intraday high $0.23387 before easing back.

Ripple’s XRP broke through the first major resistance level at $0.2308 and the second major resistance level at $0.2328.

In the late part of the day, Ripple’s XRP eased back through the major resistance levels before support kicked in.

Ripple’s XRP broke back through the first major resistance level to wrap up the day at $0.23 levels. A final hour pullback did limit the upside on the day, however.

At the time of writing, Ripple’s XRP was up by 0.13% to $0.23132. A relatively bullish start to the day saw Ripple’s XRP rise from an early morning low $0.23100 to a high $0.23197 before easing back.

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

For the day ahead, a move through to $0.23200 levels would support a run at the first major resistance level at $0.2347.

Ripple’s XRP would need the support of the broader market, however, to break out from Sunday’s high $0.23387.

Barring an extended rally through the day, the first major resistance level would likely cap any upside.

Failure to move through to $0.23200 levels could see Ripple’s XRP hit reverse.

A fall through to sub-$0.2310 levels would bring the first major support level at $0.2264 into play.

Barring a broad-based crypto sell-off, however, Ripple’s XRP should leave the second major support level at $0.2219 untested.

Please let us know what you think in the comments below

Thanks, Bob

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