Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis

Bitcoin Cash ABC

Bitcoin Cash ABC fell by 1.08% on Saturday. Following on from a 0.12% loss on Friday, Bitcoin Cash ABC ended the day at $211.68

A bullish start to the day saw Bitcoin Cash ABC rise to an early morning intraday high $216.0 before hitting reverse.

Bitcoin Cash ABC broke through the first major resistance level at $213.33 and second major resistance level at $215.87.

The reversal saw Bitcoin Cash ABC slide to a late intraday low $210.36 before finding support.

Steering clear of the first major support level at $208.91, Bitcoin Cash ABC recovered to $211 levels to limit the downside on the day.

At the time of writing, Bitcoin Cash ABC was down by 0.95% to $209.67. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $210.61 to a low $208.69.

Steering clear of the major resistance levels, Bitcoin Cash ABC fell through the first major support level at $209.36.

For the day ahead, a move through to $212.70 levels would support a run at the first major resistance level at $215.0.

Support from the broader market would be needed, however, for Bitcoin Cash ABC to break out from $210 levels.

Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.

Failure to move through to $212.70 levels could see Bitcoin Cash ABC spend a 3rdconsecutive day in the red.

A fall back through the first major support level would bring the second major support level at $207.04 into play.

Barring an extended sell-off through the day, however, Bitcoin Cash ABC should steer clear of sub-$207 levels.

This article was written by FX Empire's Bob Mason, for the full article:

https://www.fxempire.com/forecasts/article/bitcoin-cash-abc-litecoin-and-ripple-daily-analysis-08-12-19-618071