Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 18/11/19

It’s back into the red for the majors, with heavier losses on the cards the trio fail to move through key levels by late morning…
Bob Mason
Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Bitcoin Cash – ABC – Sees Green, Briefly

Bitcoin Cash ABC rose by 1.01% on Sunday. Following on from a 0.87% gain on Saturday, Bitcoin Cash ABC ended the week down by 8.63% to $267.89.

A bearish start to the day saw Bitcoin Cash ABC slide to a mid-morning intraday low $260.00 before finding support.

Falling through the first major support level at $262.49, Bitcoin Cash ABC found support at the second major support level at $260.23.

In recovery through the late morning, Bitcoin Cash ABC bounced back to a late intraday high $269.59.

Bitcoin Cash ABC broke through the first major resistance level at $267.01 and second major resistance level at $269.27.

Coming up short of $270 levels for a 2nd consecutive day, Bitcoin Cash ABC eased back to close out the day at $267 levels.

At the time of writing, Bitcoin Cash ABC was down by 2.04% to $262.42. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $265.60 to a low $262.42.

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

For the day ahead, a move through to $265.90 levels would bring the first major resistance level at $271.66 into play.

Bitcoin Cash ABC would need the support of the broader market, however, to break out from Sunday’s high $269.6.

Barring a broad-based crypto rebound, Bitcoin Cash ABC would likely come up short of $270 levels for a 3rd consecutive day.

Failure to move through to $265.83 levels could see Bitcoin Cash ABC fall deeper into the red.

A fall through the first major support level at $262.06 would bring sub-$260 levels into play before any recovery.

Barring a crypto meltdown, Bitcoin Cash ABC should steer clear the second major support level at $256.23.

Litecoin Visits $60 Levels

Litecoin rose by 1.72% on Sunday. Following on from a 1.20% rise on Saturday, Litecoin ended the week down 7.01% to $59.20.

A mixed start to the day saw Litecoin fall to late morning intraday low $57.57.

Steering clear of the first major support level at $57.21, Litecoin rallied to a late intraday high $60.04.

Litecoin broke through the first major resistance level at $59.06 and the second major resistance level at $59.91.

Late in the day, Litecoin fell back through the second major resistance level to limit the upside on the day.

At the time of writing, Litecoin was down by 0.79% to $58.73. A choppy start to the day saw Litecoin rise to an early morning high $59.3 before sliding to a low $58.55.

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

For the day ahead, a move back through to $59 levels would support a run at the first major resistance level at $60.30.

Litecoin would need the support of the broader market, however, to break out from Sunday’s high $60.04.

Barring a crypto rebound, Sunday’s high and first major resistance level would likely limit any upside on the day.

Failure to move through to $59 levels could see Litecoin reverse Sunday’s gain.

A fall back through the morning low $58.55 would bring the first major support level at $57.83 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$57 support levels.

Ripple’s XRP Range-bound at $0.26

Ripple’s XRP rose by 0.33% on Sunday. Following on from a 0.91% gain on Saturday, Ripple’s XRP ended the week down 5.61% to $0.26409.

A mixed start to the day saw Ripple’s XRP fall to a late morning intraday low $0.25977.

Finding support at the first major support level at $0.2600, Ripple’s XRP rallied to a late intraday high $0.26708.

Ripple’s XRP broke through the first major resistance level at $0.02656 before easing back.

The second major resistance level at $0.2680 limited the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.8% to $0.26199. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.26424 to a low $0.26127.

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

For the day ahead, a move through to $0.2640 levels would support a run at the first major resistance level at $0.2675.

Ripple’s XRP would need support from the broader market, however, to break through to Sunday’s high $0.26708.

Barring a broad-based crypto rebound, Ripple’s XRP would likely fall short of $0.27 levels for a 3rd consecutive day.

Failure to move through to $0.2640 levels could see Ripple’s XRP struggle throughout the day.

A fall through the morning low $0.26127 would bring the first major support level at $0.2602 into play.

Barring an extended sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2563.

Please let us know what you think in the comments below

Thanks, Bob

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