Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 22/09/19

Bitcoin Cash – ABC – Sees Red again…

Bitcoin Cash ABC fell by 1.24% on Saturday. Following on from a 2.56% slide on Friday, Bitcoin Cash ABC ended the day at $310.99.

A mixed start to the day saw Bitcoin Cash ABC rise to an early morning intraday high $315.77.

Falling short of the first major resistance level at $323.63, Bitcoin Cash ABC slid to a mid-day intraday low $309.51.

Steering clear of the first major support level at $308.73, Bitcoin Cash ABC recovered to an afternoon high $314.09.

A late slide back to $310 levels left Bitcoin Cash ABC in the red on the day.

At the time of writing, Bitcoin Cash ABC was down by 0.90% to $308.20. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $309.51 to a low $308.20.

Steering clear of the major resistance levels, Bitcoin Cash ABC fell through the first major support level at $308.41.

For the day ahead, Bitcoin Cash ABC would need to move through to $312 levels to support a reversal of Saturday’s losses.

Bitcoin Cash ABC would need support of the broader market, however, to take a run at the first major resistance level at $314.67.

Barring a broad-based crypto rally, the first major resistance level and Saturday high $315.77 would likely limit any upside.

Failure to move through to $312 levels could see Bitcoin Cash ABC spend a 3rd consecutive day in the red.

An extended sell-off through the day would bring the second major support level at $305.83 into play before any recovery.

Litecoin Takes Another Hit

Litecoin slid by 2.52% on Saturday. Following on from a 2.25% fall from Friday, Litecoin ended the day at $73.18.

A bullish start to the day saw Litecoin rise to an early morning intraday high $75.5 before hitting reverse.

Falling short of the first major resistance level at $77.23, Litecoin fell through the first major support level at $72.94 to a mid-day low $72.88.

Finding support in the early afternoon, Litecoin recovered to $74 levels before taking another hit. The 2nd reversal saw Litecoin…

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