Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 13/10/19

Bitcoin Cash – ABC – Tracks the Pack

Bitcoin Cash ABC rose by 1.56% on Saturday. Partially reversing a 4.10% slide from Friday, Bitcoin Cash ABC ended the day at $224.75.

A mixed start to the day saw Bitcoin Cash ABC rise from an early morning intraday low $221.3 to a morning high $224.38.

Leaving the major support and resistance levels untested, Bitcoin Cash ABC fell back to $222 levels.

Finding support in the early afternoon, Bitcoin Cash ABC rallied to a late afternoon intraday high $227.78.

Falling short of the first major resistance level at $230.51, Bitcoin Cash ABC fell back to $223 levels before finding support.

At the time of writing, Bitcoin Cash ABC was up by 0.19% to $225.17. Through the first hour, Bitcoin Cash ABC rose from a morning low $223.64 to a high $225.17.

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

For the day ahead, Bitcoin Cash ABC would need to hold onto $225 levels to support a run at the first major resistance level at $227.92.

Bitcoin Cash ABC would need the support of the broader market, however, to break through to $227 levels.

Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $227.78 should limit any upside.

Failure to hold onto $225 levels could see Bitcoin Cash ABC hit reverse. A fall through to $223 levels would bring the first major support level at $221.44 into play before any recovery.

Barring a broad-based crypto sell-off, Bitcoin Cash ABC should steer clear of sub-$220 support levels on the day.

Litecoin Struggles Early

Litecoin fell by 0.36% on Saturday. Following on from a 3.15% slide on Friday, Litecoin ended the day at $55.77.

A bullish start to the day saw Litecoin strike a mid-morning intraday high $56.57.

Falling well short of the first major resistance level at $57.91, Litecoin fell back to $55 levels before recovering to an afternoon high $56.44.

A failure to break through to $57 levels weighed, however, with Litecoin sliding to an…

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