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Top Crypto Analysis Today: Bitcoin Cash ABC, Litecoin, XRP Record New Gains

It is a mixed start to the day for some of the leading virtual coins. It is observed that a move back through the early morning market highs will restore back the resistance levels.

Bitcoin Cash ABC Record Some New Gains

On Wednesday, 27th November 2019, Bitcoin Cash ABC rallied by an impressive 5.63%. This came after a 1.79% gain that was recorded on Tuesday. At the close of business on Wednesday, Bitcoin Cash ABC was trading at a new high of $220.67. There was later a bearish start to the day.

This action made the coin to decline to a late morning intraday low of $204.0 before a new move was recorded. The coin later fell through the first leading support level at a price of $209.58. There was also a second major support level that was recorded near the price of $206.42.

The Renouncing Back

Bitcoin Cash ABC managed to rally to a late intraday high of $225.0. This was highly supported by a wide-based cryptocurrency rebound. Later on, the coin then broke the major resistance levels of the day before easing back via the third major level of resistance at $222.53.

As of now, the coin has declined by 0.01%, and is now trading at $220.64. There was a mixed start to the day that saw the crypto coin jump to $221.47 early in the morning. It later fell to a low of $220.64. The crypto coin also did not test the major support and resistance levels.

Litecoin Hits A New High Price

In the past 24 hours, Litecoin managed to rise by 1.72%. This came after a 3.14% rally that was recorded two days ago, on the 26th of November 2019. At the end of the day, Litecoin was trading at $47.80. There was also a bearish start that was recorded at the start of the day.

It made the coin to plummet to a late morning intraday low of $44.58 before it was able to rebound. It then rallied to $48.81, which was a late intraday high price. But this was after falling through $45.63, which was the first major support level.

XRP

XRP Hits $0.23 Levels

Ripple’s XRP is another leading crypto coin that has seen some gains in its price. The coin rose by 1.49% in the past 24 hours. On the 26th of November 2019, XRP gained 1.37%. As a result of these major gains, the crypto coin yesterday closed the trading charts at $0.22499.

Looking at the wider market, Ripple’s XRP dropped to a late morning intraday low of $0.21402. This, however, did not take long before the coin found some new support. Ripple’s XRP also managed to break through the first major resistance level of $0.2248, as well as $0.2281, which was the second major resistance level.

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