Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 13/11/19

It’s a bearish start to the day with heavier losses on the cards should key levels not be hit by late morning…
Bob Mason
Bitcoin coin on white keyboard

Bitcoin Cash – ABC – Hits Red

Bitcoin Cash ABC rose by 1.35% on Tuesday. Partially reversing a 2.60% fall from Monday, Bitcoin Cash ABC ended the day at $288.0.

A mixed start to the day saw Bitcoin Cash ABC fall to a morning low $284.15 before striking a mid-morning intraday high $291.52.

In spite of the morning rally, Bitcoin Cash ABC fell short of the first major resistance level at $294.06.

In a pullback through the late morning, Bitcoin Cash ABC fell to a mid-afternoon intraday low $280.71 before finding support.

Steering clear of the first major support level at $279.53, Bitcoin Cash ABC moved back through to $289 levels before easing back.

At the time of writing, Bitcoin Cash ABC was down by 1.39% to $284.0. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $289.0 to a low $284.0.

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

For the day ahead, a move back through to $287 levels would support a run at the first major resistance level a $292.78.

Bitcoin Cash ABC would need the support of the broader market to break out from Tuesday’s high $291.52.

Barring a broad-based crypto rebound, however, Bitcoin Cash ABC would likely fall short of $290 levels on the day.

Failure to move back through to $287 levels could see Bitcoin Cash ABC slide deeper into the red.

A fall through to $283 levels would bring the first major support level at $281.97 into play.

Barring an extended sell-off through the day, however, Bitcoin Cash ABC should steer clear of sub-$280 levels.

Litecoin back at $61 Levels

Litecoin fell by 0.55% on Tuesday. Following on from a 3.02% slide Monday, Litecoin ended the day at $61.40.

A mixed start to the day saw Litecoin rise to an early morning intraday high $62.23 before hitting reverse.

Falling short of the first major resistance level at $63.91, Litecoin slid to an early afternoon intraday low $59.60.

Litecoin fell through the first major support level at $59.93 before finding support from the broader market.

Late in the day, Litecoin moved back through to $61.7 levels before easing back into the red.

At the time of writing, Litecoin was down by 0.68% to $60.98. A bearish start to the day saw Litecoin fall from an early morning high $61.52 to a low $60.76.

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

For the day ahead, a move back through to $61.10 levels would support a run at the first major resistance level at $62.55.

Litecoin would need the support of the broader market to break out from Tuesday’s high $62.23.

Barring a broad-based crypto rebound, however, Litecoin would likely come up short of $62 levels.

Failure to move through to $61.10 levels could see Litecoin struggle throughout the day.

A fall back through the morning low would bring the first major support level at $59.92 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$59 support levels on the day.

Ripple’s XRP Visits sub-$0.27

Ripple’s XRP fell by 0.79% on Tuesday. Following on from a 1.82% fall from Monday, Ripple’s XRP ended the day at $0.27249.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.27661 before taking a hit.

Falling short of the first major resistance level at $0.2807, Ripple’s XRP fell to a mid-afternoon intraday low $0.26800.

Ripple’s XRP fell through the first major support level at $0.2695 before finding support.

Through the latter part of the day, Ripple’s XRP moved back through to $0.2720 levels to limit the downside on the day.

At the time of writing, Ripple’s XRP was down by 0.22% to $0.27188. A mixed start to the day saw Ripple’s XRP fall to a morning low $0.27084 before striking a high $0.27320.

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

For the day ahead, a move through to $0.2724 levels would support a run at the first major resistance level at $0.2767.

Ripple’s XRP would need the support of the broader market to break through to $0.2750 levels.

Barring a broad-based crypto rebound, however, Ripple’s XRP would likely come up short of the major resistance levels.

Failure to move through to $0.2724 levels could see Ripple’s XRP slide deeper into the red.

A fall back through the morning low $0.27084 would bring the first major support level at $0.2681 into play.

Barring an extended sell-off through the day, however, Ripple’s XRP should steer clear of the second major support level at $0.2638.

Please let us know what you think in the comments below

Thanks, Bob

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