Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 02/11/19

Bitcoin Cash – ABC – in Recovery

Bitcoin Cash ABC fell by 1.39% on Friday. Following on from a 3.18% slide on Thursday, Bitcoin Cash ABC ended the day at $277.61.

A bullish start to the day saw Bitcoin Cash ABC rise to an early morning intraday high $283.08 before hitting reverse.

Falling well short of the first major resistance level at $293.97, Bitcoin Cash ABC slid to a late afternoon intraday low $271.13.

In spite of the pullback, Bitcoin Cash ABC steered clear of the first major support level at $270.79.

Finding support through the afternoon, Bitcoin Cash ABC struck a 2nd half of a day high $280.71 before sliding back.

At the time of writing, Bitcoin Cash ABC was up by 0.91% to $280.14. A bullish start to the day saw Bitcoin Cash ABC rise from an early morning low $277.81 to a high $282.

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

For the day ahead, a move back through to $281 levels would support a run at the first major resistance level at $283.41.

Bitcoin Cash ABC would need the support of the broader market, however, to break back through to $283 levels.

Barring a broad-based crypto rally on the day, the first major resistance level and Friday’s high $283.07 would likely limit any upside.

Failure to move through to $281 levels could see Bitcoin Cash ABC hit reverse.

A fall back through the morning low $277.81 would bring the first major support level at $271.47 into play.

Barring a crypto meltdown, however, Bitcoin Cash ABC should steer clear of sub-$270 support levels.

Litecoin Struggles at $59

Litecoin slipped by 0.09% on Friday. Partially reversing a 0.57% gain from Thursday, Litecoin ended the day at $58.34.

A mixed start to the day saw Litecoin fall to an early morning low $57.52 before striking a late morning intraday high $59.0.

Falling short of the first major resistance level at $59.85, Litecoin slid to a late afternoon intraday low $56.66.

Litecoin fell through the first major support level at $56.97 before finding…

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