Bitcoin Cash, Litecoin and Ripple Daily Analysis – 27/05/18

Bitcoin Cash on the Slide

Bitcoin Cash fell by 0.78% on Saturday, following Friday’s 5.94% slide, to end the day at $1,004.4, making it a 22.3% loss for the current week.

An intraday low $998.8 held above the day’s first major support level at $967.9 in the early hours, with a mid-morning rally seeing Bitcoin Cash back through to $1,000 levels with an intraday high $1,049.9 before a late in the day pullback.

The moves through Saturday failed to test the day’s first major resistance level at $1,062, with the 23.6% FIB Retracement Level of $1,155.6 some way off, leaving the bearish trend intact as investors fret of government oversight.

At the time of writing, Bitcoin Cash was down 2.28% to $982.4, with the late Saturday sell-off continuing into the early hours of this morning, Bitcoin Cash falling through the day’s first major support level at $985.5 to call on support at the day’s second major support level at $966.6 with an early $969.5 low before recovering to current…