In This Article:
Bitcoin Cash – ABC – Sees Red again…
Bitcoin Cash ABC fell by 1.24% on Saturday. Following on from a 2.56% slide on Friday, Bitcoin Cash ABC ended the day at $310.99.
A mixed start to the day saw Bitcoin Cash ABC rise to an early morning intraday high $315.77.
Falling short of the first major resistance level at $323.63, Bitcoin Cash ABC slid to a mid-day intraday low $309.51.
Steering clear of the first major support level at $308.73, Bitcoin Cash ABC recovered to an afternoon high $314.09.
A late slide back to $310 levels left Bitcoin Cash ABC in the red on the day.
At the time of writing, Bitcoin Cash ABC was down by 0.90% to $308.20. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $309.51 to a low $308.20.
Steering clear of the major resistance levels, Bitcoin Cash ABC fell through the first major support level at $308.41.
For the day ahead, Bitcoin Cash ABC would need to move through to $312 levels to support a reversal of Saturday’s losses.
Bitcoin Cash ABC would need support of the broader market, however, to take a run at the first major resistance level at $314.67.
Barring a broad-based crypto rally, the first major resistance level and Saturday high $315.77 would likely limit any upside.
Failure to move through to $312 levels could see Bitcoin Cash ABC spend a 3rd consecutive day in the red.
An extended sell-off through the day would bring the second major support level at $305.83 into play before any recovery.
Litecoin Takes Another Hit
Litecoin slid by 2.52% on Saturday. Following on from a 2.25% fall from Friday, Litecoin ended the day at $73.18.
A bullish start to the day saw Litecoin rise to an early morning intraday high $75.5 before hitting reverse.
Falling short of the first major resistance level at $77.23, Litecoin fell through the first major support level at $72.94 to a mid-day low $72.88.
Finding support in the early afternoon, Litecoin recovered to $74 levels before taking another hit. The 2nd reversal saw Litecoin fall back through the first major support level to an intraday low $72.04.
Litecoin found support from the broader market, however, to limit the downside late in the day.
At the time of writing, Litecoin was down by 1.15% to $72.34. Tracking the broader market, Litecoin fell from an early morning high $73.25 to a low $72.13.
Litecoin left the major support and resistance levels untested early on.
For the day ahead, Litecoin would need to move through the morning high $73.25 to $73.60 levels to support a day in the green.
Support from the broader market would be needed, however, for Litecoin to take a run at the first major resistance level at $75.11.