Bitcoin Cash, Litecoin and Ripple Daily Analysis – 28/11/17

Bitcoin Cash Lost But Not Yet Forgotten

Bitcoin cash has been stuck in its ranges as Bitcoin takes all the headlines ahead of what looks like an almost assured move into the $10,000 range. Nothing is ever certain in the markets and particularly so in the cryptocurrency world, but the moves in recent days have been with conviction.

We have seen Bitcoin Cash continue to struggle against Bitcoin, and with Bitcoin up 1.2% at $9824.14, Bitcoin cash is down 1.29% at $1564.9 through the early part of the day.

We continue to see support for Bitcoin Cash, but if talks of Bitcoin moving to $20,000 or $40,000 through next year begin to gather momentum, the moves over the last few weeks could see investors dump the holdings in favour of Bitcoin, which has delivered.

It’s not looking too upbeat for Bitcoin Cash today and we could see a move back towards $1,250 levels should support falter at $1,500. It’s likely to be in the hands of the Bitcoin rally, which seems unstoppable for now.

Get Into Bitcoin CFDs Trading with Plus500

*Availability subject to regulation.

*72% of retail CFD accounts lose money

Litecoin Holds on after a Record Monday

Litecoin continues to hold on to $90 levels, with a number of dips below $90 finding strong support, as the ranges continue to rise in recent weeks from sub-$60s.

While Bitcoin is looking to make an unprecedented push through to $10,000, Litecoin managed to hit an all- time high $93.89 on Monday and it’s managed to avoid the proverbial post record sell-off that has been seen previously.

This suggests that we are unlikely to see Litecoin pull back over the near-term and look to make a run at the $100.

Once Bitcoin breaks into the magical $10,000 Litecoin may not be far behind in its push to $100.

Get Into Bitcoin Trading Today

Ripple Joins in on the Cryptophoria

Ripple managed to break out beyond $0.26 earlier this morning, hitting a $0.273, but yet again failed to make a run at $0.30. Despite the failed attempts at a rally, Ripple has managed to hold on to its recent ranges and avoid a slide in recent days.

At the time of writing, Ripple is up 4.05% at $0.2577. It’s looking a bit choppy but direction through the day looks to be titled to the upside, though there’s plenty of resistance at $0.26, with Ripple having failed to break down the resistance since retreating back from the $0.27 levels.

---

Suggested Article: Top Five Cryptocurrencies Experts Talk about Bitcoin, Blockchain and ICO’s

---

Either way, it’s still a good day and assuming that there is no major correction in Bitcoin to spook the markets, the outlook for Ripple continues to remain positive, supported by the positive sentiment towards Ripple’s blockchain technology.

The Best and Safest Way to Buy and Sell Bitcoins

For those who are looking to take advantage of Bitcoin and other cryptocurrencies price fluctuations, Some brokers provide traders with instant access to trade Bitcoin, Bitcoin Cash, Ethereum and other cryptocurrencies. The process is fast and easy with convenient and advanced trading platform (desktop and mobile), low spreads and instant execution. Click here for more details.