Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis

Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 25/10/19

Bob Mason

Thu, Oct 24, 2019, 8:27 PM

Bitcoin Cash – ABC – Steadies

Bitcoin Cash ABC rose by 1.44% on Thursday. Partially reversing a 7.55% tumble from Wednesday, Bitcoin Cash ABC ended the day at $213.29.

A bearish start to the day saw Bitcoin Cash ABC fall to a mid-morning intraday low $206.27.

Steering clear of the first major support level at $196.34, Bitcoin Cash ABC rallied to a late afternoon intraday high $217.71.

Falling short of the first major resistance level at $225.88, Bitcoin Cash ABC fell back to $212 levels before finding late support.

At the time of writing, Bitcoin Cash ABC was up by 0.47% to $214.3. A bullish start to the day saw Bitcoin Cash ABC rise from an early morning low $212.56 to a high $214.53.

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

For the day ahead, Bitcoin Cash ABC would need to steer clear of $212 levels to support a run at the first major resistance level at $218.58.

Support from the broader market would be needed, however, for Bitcoin Cash ABC to break out from Thursday’s high $217.71.

Barring a broad-based crypto rally, we would expect Bitcoin Cash ABC to come up sort of $220 levels.

Failure to steer clear of $212 levels could see Bitcoin Cash ABC hit reverse.

A fall through the morning low $212.56 to sub-$212.40 levels would bring the first major support level at $207.14 into play.

Barring an extended sell-off through the day, however, Bitcoin Cash ABC should steer clear of the second major support level at $200.98.

Litecoin Stuck at sub-$50 Levels

Litecoin rose by just 0.3% on Thursday. Following a 7.23% slide on Wednesday, Litecoin ended the day at $49.66.

Tracking the broader market, Litecoin fell to a mid-morning intraday low $48.4 before making a move.

Holding above the first major support level at $46.69, Litecoin struck an early afternoon intraday high $50.36.

Falling well short of the first major resistance level at $52.92, Litecoin fell back to $49 levels.

Through the 2^nd half of the day, resistance provided to be too great at $50, pinning Litecoin back from any recovery.

At the time of writing, Litecoin was down by 0.28% to $49.52. A relatively range-bound start to the day saw Litecoin fall from an early morning high $49.78 to a low $49.52.

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

For the day ahead, Litecoin would need to move back through the morning high $49.78 to support a run at the first major resistance level at $50.55.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $50.36.

Barring a broad-based crypto rebound, Litecoin would likely come up short of the second major resistance level at $51.43.

Failure to move back through the morning high could see Litecoin slide deeper into the red.

A fall through the morning low $49.50 would bring the first major support level at $48.59 into play before any recovery.

Barring a broad-based crypto sell-off, however, Litecoin should steer clear of sub-$48 support levels on the day.

Ripple’s XRP Struggles $0.28 Levels

Ripple’s XRP rose by 1.3% on Thursday. Partially reversing a 6.10% slide on Wednesday, Ripple’s XRP ended the day at $0.27705.

Relatively range-bound through the morning, Ripple’s XRP fell to an early morning intraday low $0.26677 before finding support.

Steering clear of the first major support level at $0.2519, Ripple’s XRP rallied to a late intraday high $0.28100.

Falling well short of the first major resistance level at $0.2943, Ripple’s XRP fell back to sub-$0.28 levels late in the day.

At the time of writing, Ripple’s XRP was up by 0.04% to $0.27715. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.27515 before striking a high $0.27820.

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

For the day ahead, Ripple’s XRP would need to steer clear of sub-$0.2750 levels to support further upside.

A move through the morning high $0.27820 would bring the first major resistance level at $0.2831 into play.

Ripple’s XRP would need the support of the broader market, however, to break out from Thursday’s high $0.2810.

Barring a broad-based crypto rally, Ripple’s XRP would likely fall short of the second major resistance level at $0.2892.

Failure to move through the morning high $0.27820 could see Ripple’s XRP slide back into the red.

A fall through the morning low $0.27514 to sub-$0.2750 levels would bring the first major support level at $0.2689 into play.

Barring a crypto meltdown, Ripple’s XRP should steer clear of sub-$0.26 levels on the day. The second major support level at $0.2607 would likely limit any downside.