Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Bob Mason
bch ltc

Bitcoin Cash Hits High

Bitcoin Cash rallied 16.23% on Saturday, following Friday’s 0.24% consolidation, to end the day at $1,763.2.

It was full steam ahead from the get-go, the day’s $1,510 low coming at the start of the day, holding well above the first major support level of $1,462.57 and 23.6% FIB Retracement Level of $1,347.5.

Know where Bitcoin is headed? Take advantage now with 

75% of retail CFD investors lose money

Through the day’s first major resistance level at $1,557.87 within the first few hours, Bitcoin Cash broke through the second resistance level at $1,600.83 and third major resistance level at $1,696.13 with ease to hit a new swing hi $1,765, with a hold above the day’s third major resistance level by the day’s end a strong bullish signal for the week ahead.

At the time of writing, Bitcoin Cash was up 1.81 to $1,797.0, as the march towards $2,000 continues ahead of the hard fork.

A morning high $1,849.9 came within the first few hours, with Bitcoin Cash testing the day’s first major resistance level of $1,848.8 early on in the day before a pullback to current levels, the day’s $1,754.3 low coming at the start of the day.

For the day ahead, the bulls will have $2,000 in mind and the way things are going, there’s no reason for a pullback later in the day, few likely to be locking in profits with more than a week to go before the much talked about hard fork.

A pullback to sub-$1,700 levels could see some money come off the table, bringing the day’s first major support level at $1,593.8 into play, though with a positive start, the path of least resistance is likely to be onwards and upwards today.


Litecoin hits $180

Litecoin gained 5.38% on Saturday, following Friday’s 4.47% rise, to end the day at $177.3.

It was the 4th consecutive day of gains, with Litecoin beginning to garner some attention, having had a slow start to the week.

After a range bound start to the day, an afternoon rally saw Litecoin break through the day’s first major resistance level at $173.92 and second major resistance level at $179.65 with ease to hit a new swing hi $182.35 before easing back to $170 levels by the close.

Holding above the day’s first major resistance level supported a bullish start to today, with the day’s major support levels left untested on Saturday.

At the time of writing, Litecoin was up 0.55% to $178.7, with a morning high $181.95 coming within the first hour of the day before easing back, with the day’s first major resistance level at $184.09 left untested.

With Litecoin having a range bound start to the day, a morning low $177 leaving the day’s first major support level at $168.77 untested, it looks set up for another bullish day ahead, with a move back through to the day’s high $181.95 supporting a run at the day’s first major resistance level at $184.09, with $190 levels in play should Bitcoin Cash continue on its climb towards $2,000 and Bitcoin break through $10,000.

Failing to move back through to the morning’s high could see Litecoin pullback to test the day’s first major support level at $168.77, though we would expect Litecoin to receive plenty of support at $170 barring a broad-based sell-off across the crypto market.

It’s looking bullish and the bulls will be looking for $200 levels in the coming days.

Buy & Sell Cryptocurrency Instantly

Ripple Lags the Majors

Ripple’s XRP gained just 1.51% on Saturday, following Friday’s 0.61% rise, to end the day at $0.90211.

Arange-bound start to the day left the day’s major support and resistance levels untested before an early afternoon move saw Ripple’s XRP break through the day’s first major resistance level at $0.9285 with an intraday high $0.93828 before a late in the day reversal saw Ripple’s XRP test 0.$90 support ahead of the day’s end.

The moves through the day were in contrast to the general market trend, with the majors having been on the rise late in the day.

At the time of writing, Ripple’s XRP was up just 0.31% to $0.90756, recovering from a start of the day $0.89473 low to hit a morning high $0.92167 before easing back to current levels.

Ripple’s XRP has been seeing plenty of volatility in recent days and this morning is no different, holding on to $0.90 levels key to continue supporting the current bullish trend formed back at 6th April’s swing lo $0.45716.

Unlike its peers, Ripple’s XRP has failed to hit a new swing hi since the 24th April’s $0.96837, while holding at $0.90 levels for the first time since 25th April on Saturday will have given the bulls some hope of a move back through to $1.00 levels in the coming week.

For the day ahead, a move through to $0.93 levels will be needed to draw in buyers on hopes of another Ripple splash, failure to do so likely to bring the day’s first major support level at $0.8542 into play later in the day.

A move is on the cards and much will depend upon the sentiment across the market on whether Ripple’s XRP can catch up with the rest of the clan or go into reverse, investors mindful of holding on to April’s 67% gains.

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

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.