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

Bob Mason

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

This article was originally posted on FX Empire

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