Bitcoin Cash ABC Visits of $330

Bitcoin Cash ABC rose by 2.35% on Wednesday. Following on from a 2.88% gain on Tuesday, Bitcoin Cash ABC ended the day at $324.08.

A mixed start to the day saw Bitcoin Cash ABC rise to a mid-morning high $326.21 before sliding to a mid-day intraday low $317.63.

Bitcoin Cash ABC left the major support and resistance levels untested in spite of the choppy start to the day.

Finding support from the broader market, Bitcoin Cash ABC rallied to an early afternoon intraday high $332.

Bitcoin Cash ABC broke through the first major resistance level at $328.42 before sliding back to sub-$320 levels and into the red.

A final hour recovery delivered the upside on the day.

At the time of writing, Bitcoin Cash ABC was down by 2.02% to $317.54. A mixed start to the day saw Bitcoin Cash ABC rise to an early morning high $323.45 before falling to a low $317.54.

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

For the day ahead, Bitcoin Cash ABC would need to move through to $324.60 levels to support another bullish day.

A move through to $328 levels would bring the first major resistance level at $331.51 into play.

Barring a broad-based crypto rally, however, the first major resistance level and Wednesdays high $332 would likely cap any upside.

Failure to move through to $324.60 levels would see Bitcoin Cash ABC struggle on the day.

A fall through the first major support level at $317.14 would likely bring the second major support level at $310.20 into play. Barring a crypto meltdown, however, Bitcoin Cash ABC should steer clear of sub-$310 levels.

Litecoin rallied by 4.84% on Wednesday Following on from a 1.91% rise on Tuesday, Litecoin ended the day at $77.75.

A bullish start to the day saw Litecoin rise from an early morning intraday low $74.09 to a mid-morning high $76.78.

Coming up short of the first major resistance level at $77.13, Litecoin slipped back to $74 levels before making a move.

An afternoon rally saw Litecoin surge to a late afternoon intraday high $80.26. Litecoin broke through the first major resistance level at $77.13 to come up against the second major resistance level at $80.14.

Selling pressure late in the day left Litecoin back at $77 levels to limit the upside on the day.

At the time of writing, Litecoin was down by 2.7% to $75.65. A particularly bearish start to the day saw Litecoin slide from an early morning high $77.78 to a low $75.16.

In spite of the early sell-off, Litecoin left the major support and resistance levels untested.

For the day ahead, a move back through to $77.40 levels would signal a run at the first major resistance level at $80.64.

Litecoin would need the support of the broader market, however, to break out from Wednesdays high $80.26.

Failure to move through to $77.40 levels could see Litecoin spend the day in the red. A fall back through the morning low $75.16 would bring the first major support level at $74.47 into play.

Barring an extended sell-off through the day, Litecoin should steer clear of sub-$74 levels.

Story continues

Ripples XRP surged by 9.85% on Wednesday. Following on from a 9.03% rally on Tuesday, Ripples XRP ended the day at $0.31428.

A bullish start to the day saw Ripples XRP rally from an intraday low $0.28596 to an early morning high $0.31302.

Ripples XRP broke through the first major resistance level at $0.3031 before easing back to sub-$0.31 levels.

Finding support from the broader market, Ripples XRP rallied to an early afternoon intraday high $0.32732. The 2nd rally saw Ripples XRP break back through the first major resistance level and break through the second major resistance level at $0.32010.

A pullback through the afternoon saw Ripples XRP fall back to sub-$0.31 levels before finding support late in the day.

At the time of writing, Ripples XRP was down by 3.81% to $0.30231. Tracking the broader market, Ripples XRP slid from an early morning high $0.31414 to a low $0.29665.

Ripples XRP left the major support and resistance levels untested early on.

For the day ahead, a move back through to $0.3090 levels would support a run at Wednesdays high $0.32732.

Ripples XRP would need the support of the broader market, however, to take a run at the first major resistance level at $0.3324.

Barring a broad-based crypto rebound, Ripples XRP would likely struggle to break back through to $0.32 levels on the day.

Failure to move through to $0.3090 levels would bring the first major support level at $0.2911 into play.

Barring an extended crypto sell-off, however, Ripples XRP should steer clear of Wednesdays low $0.28596.

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Thanks, Bob

This article was originally posted on FX Empire

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Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 19/09/19 - Yahoo Finance