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Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 25/11/19

Bob Mason

Bitcoin Cash – ABC – Sees more Pain

Bitcoin Cash ABC slid by 5.69% on Sunday. Partially reversing a 4.10% gain from Saturday, Bitcoin Cash ABC ended the week down by 23.8% to $202.44

A mixed start to the day saw Bitcoin Cash ABC fall from an early morning intraday high $214.66 to an early morning low $208.68.

Bitcoin Cash ABC left the major support and resistance levels untested before partially recovering to $213 levels.

Going into the afternoon, the bearish sentiment ultimately weighed, however. Bitcoin Cash ABC tumbled to a late afternoon intraday low $201.00.

Bitcoin Cash ABC fell through the first major support level at $205.61 before finding support.

Through the latter part of the day, Bitcoin Cash ABC found support to move back through to $206 levels before wrapping up the day at $202 levels.

At the time of writing, Bitcoin Cash ABC was down by 1.15% to $200.10. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $204.50 to a low $196.54.

Falling short of the major resistance levels, Bitcoin Cash ABC fell through the first major support level at $197.41

For the day ahead, a move through the morning high to $206 levels would bring the first major resistance level at $211.07 into play.

Support from the broader market would be needed for Bitcoin Cash ABC to break out from $200 levels.

Barring an early breakthrough to $206 levels, however, Bitcoin Cash ABC would likely fall well short of $210 levels.

Failure to move through to $206 levels could see Bitcoin Cash ABC take another tumble. A fall back through the first major support level at $197.41 would bring the second major support level at $192.37 into play.

Barring another crypto meltdown, however, Bitcoin Cash ABC should steer well clear of sub-$190 levels.

Litecoin sees more Red than Most…

Litecoin slid by 8.91% on Sunday. Reversing a 1.64% gain from Saturday, Litecoin ended the week down 25.8% to $43.95.

A relatively bearish start to the day saw Litecoin fall from an early morning intraday high $48.34 to a late morning low $46.54.

Falling short of the major resistance levels, Litecoin fell through the first major support level at $46.82 before finding support.

A partial recovery to $47.8 levels was brief, however, with Litecoin sliding to a late afternoon intraday low $43.60.

Litecoin fell back through the first major support level at $46.82 and the second major support level at $45.51.

Through the latter part of the day, Litecoin moved back through to $45 levels before a late pullback through the second major support level.

At the time of writing, Litecoin was up by 0.52% to $44.18. A choppy start to the day saw Litecoin rise to an early morning high $45.36 before sliding to a low $42.63.

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

For the day ahead, a move through the morning high $45.36 would bring the first major resistance level at $47.00 into play.

Litecoin would need the support of the broader market, however, to break through to $46 levels.

Barring a broad-based crypto rebound, resistance at $45 would likely pin Litecoin back on the day.

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

A fall through the morning low $42.63 would bring the first major support level at $42.24 into play.

Barring another crypto meltdown, however, Litecoin should steer clear of sub-$42 levels on the day.

Ripple’s XRP down at sub-$0.22 Levels

Ripple’s XRP fell by 5.8% on Sunday. Reversing a 1.9% gain from Saturday, Ripple’s XRP ended the week down 16% to $0.22191.

A particularly bearish start to the day saw Ripple’s XRP slide from an early morning intraday high $0.23647 to an early morning low $0.22879.

Steering clear of the major resistance levels, Ripple’s XRP slid through the first major support level at $0.2293 before finding support.

A visit back to $0.23 levels was brief, however. Late in the day, Ripple’s XRP slid to an intraday low $0.22022.

Ripple’s XRP fell through the first major support level and second major support level at $0.2230.

At the time of writing, Ripple’s XRP was down by 2.75% to $0.21581. Ripple’s XRP fell from an early morning high $0.22425 to a new swing lo $0.21256.

Falling short of the major resistance levels, Ripple’s XRP slid through the first major support level at $0.2159.

For the day ahead, Ripple’s XRP would need to move through to $0.2260 levels to support a run at $0.23 levels.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the first major support level.

Barring a broad-based crypto rebound, resistance at $0.23 would likely limit any upside on the day.

Failure to move through to $0.2260 levels could see Ripple’s XRP struggle throughout the day.

A fall back through the morning low $0.20256 would bring the second major support level at $0.2100 into play.

Barring another crypto meltdown, Ripple’s XRP should steer clear of sub-$0.21 levels.

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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