Bitcoin Cash, Litecoin and Ripple Daily Analysis – 04/08/18

Bitcoin Cash Sees Red Again

Bitcoin Cash fell by 0.89% on Friday, following Thursday’s 5.01% slide, to end the day at $724.5, with five consecutive days of losses leaving Bitcoin Cash down 12.82% for the current week.

A continuation of Thursday’s sell-off saw Bitcoin Cash fall from an opening $731, through the first major support level at $706.2 to an early intraday low $700.3, before recovering to $720 levels in the early afternoon, Bitcoin Cash unable to break back through to $730 levels to end the day in the red.

The losses through the week reaffirmed the extended bearish trend formed back at early May’s swing hi $1,849.9, with a break back through to $900 levels needed to begin forming a bearish trend reversal.

At the time of writing, Bitcoin Cash was up 1.34% to $734.3, with Bitcoin Cash recovering from a start of the day low $721.7 to hit a morning high $739, breaking through the first major resistance level at $736.9, while the day’s first major support level at $706.2…