FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
30,697,734Confirmed
956,446Deaths
22,339,889Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Bitcoin Cash – ABC – Holds onto $320

Bitcoin Cash ABC rose by 0.83% on Saturday. Partially reversing a 5.94% slide from Friday, Bitcoin Cash ABC ended the day at $317.63.

A bullish start to the day saw Bitcoin Cash ABC rise to an early morning intraday high $322 before hitting reverse.

Falling short of the first major resistance level at $328.48, Bitcoin Cash ABC slid to a late morning intraday low $302.87.

Bitcoin Cash ABC fell through the first major support level at $303.06 before finding support. Bitcoin Cash ABC reversed the early losses with a move back through to $316 levels in the 2nd half of the day.

At the time of writing, Bitcoin Cash ABC was up by 1.29% to $321.74. A bullish start to the day saw Bitcoin Cash ABC rise from a morning low $317.63 to a high $321.74.

Bitcoin Cash ABC left the major support and resistance levels untested early on. For the day ahead, a hold onto $320 levels would support a run at the first major resistance level at $325.46.

Bitcoin Cash ABC would need the support of the broader market, however, to break out from Saturday’s high $322.

Barring a broad-based crypto rally, Bitcoin Cash ABC would likely come up short of $330 levels for a 2nd consecutive day.

Failure to hold onto $320 levels could see Bitcoin Cash ABC fall through the morning low $317.63 to $315 levels.

Bitcoin Cash ABC would need to steer clear of sub-$314 levels, however, to avoid the first major support level at $306.33.

Barring a crypto meltdown, Bitcoin Cash ABC should steer clear of sub-$300 levels on the day.

Advertisement

Litecoin Finds Early Support

Litecoin gained 1.06% on Saturday. Partially reversing a 6.31% tumble from Friday, Litecoin ended the day at $85.17.

Tracking the broader market, Litecoin rose to an early morning high $87.17 before sliding into the red.

Falling short of the first major resistance level at $88.93, Litecoin slid to a late morning intraday low $81.84.

Litecoin steered clear of the first major support level at $81.11 before finding support from the broader market. A late afternoon rally saw Litecoin bounce back to an intraday high $87.33 before easing back.

At the time of writing, Litecoin was up by 1.27% to $86.25. Finding support from the broader market, Litecoin rose from a morning low $85.15 to a high $87.4 before easing back.

While steering clear of the major support levels, Litecoin came within range of the first major resistance level at $87.72.

For the day ahead, a hold onto $86 levels would support another run at the first major resistance level at $87.72.

Litecoin would need the support of the broader market, however, to break out from the morning high $87.40.

Barring a broad-based crypto rally, Saturday’s high $87.33 and the first major resistance level at $87.72 would likely cap any upside.

Failure to hold onto $86 levels could see Litecoin hit reverse. A fall through to $84.70 levels would bring the first major support level at $82.23 into play.

Barring a crypto meltdown, however, Litecoin should continue to steer clear of sub-$80 levels.

Ripple’s Clings to $0.30 Levels

Ripple’s XRP gained 0.73% on Saturday. Following a 3.9% fall on Friday, Ripple’s XRP ended the day at $0.29939.

A bullish start to the day saw Ripple’s XRP rally to a mid-morning intraday high $0.30632 before sliding back.

Ripple’s XRP came up short of the first major resistance level at $0.3079 before falling to a late morning intraday low $0.29114.

In spite of the reversal, Ripple’s XRP steered clear of the first major support level at $0.2887. A late afternoon bounce back to $0.3020 levels was short-lived, however. Ripple’s XRP eased back to sub-$0.30 levels late in the day.

At the time of writing, Ripple’s XRP was up by 0.43% to $0.30068. A particularly bullish start to the day saw Ripple’s XRP rise from a morning low $0.29879 to a high $0.30291.

In spite of the early breakout, Ripple’s XRP came up short of the first major resistance level at $0.3068.

For the day ahead, a hold onto $0.30 levels would support another run at the first major resistance level at $0.3068.

Ripple’s XRP would need the support of the broader market, however, to steer clear of sub-$0.30 levels.

Barring a broad-based crypto rally, the first major resistance level at $0.3068 and Saturday’s high $0.30632 should limit any upside.

In the event of an extended crypto rally, Ripple’s XRP could visit $0.31 levels before any pullback.

Failure to hold onto $0.30 levels could see Ripple’s XRP test the first major support level at $0.2916 before any recovery.

Barring a crypto meltdown, Ripple’s XRP should continue to steer clear of sub-$0.29 levels.

Please let us know what you think in the comments below

Thanks, Bob

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk