Bitcoin Cash – ABC – Slides Back

Bitcoin Cash ABC gained 2.47% on Thursday. Partially reversing a 3.64% slide from Wednesday, Bitcoin Cash ABC ended the day at $312.66.

A bearish start to the day saw Bitcoin Cash ABC slide to an early morning intraday low $294.06 before finding support.

Steering clear of the first major support level at $290.18, Bitcoin Cash ABC rallied to a late afternoon intraday high $315.75.

In spite of the bounce-back, Bitcoin Cash ABC came up short of the first major resistance level at $316.65. A late pullback to $312 levels limited the upside on the day.

At the time of writing, Bitcoin Cash ABC was down by 1.65% to $307.5. Another bearish start to the day saw Bitcoin Cash ABC fall from a morning high $309.76 to a low $306.66.

Bitcoin Cash ABC left the major support and resistance levels untested early on in the session.

For the day ahead, a hold onto $307.5 levels would support a rebound later in the day. Bitcoin Cash ABC would need the support of the broader market, however, to take a run at Thursday’s high $315.75.

Barring a broad-based crypto rally, Bitcoin Cash ABC would likely come up short of the first major resistance level at $320.92.

Failure to hold onto $307.5 levels could see Bitcoin Cash ABC slide deeper into the red. A fall through the morning low $306.66 to $303 levels would bring the first major support level at $299.23 into play.

Barring an extended broad-based crypto sell-off, Bitcoin Cash ABC should steer clear of the second major support level at $285.80.

Litecoin Re-joins the Pack

Litecoin rose by 0.26% on Thursday. Partially reversing a 2.56% decline from Wednesday, Litecoin ended the day at $73.39.

Also bearish in the early hours, Litecoin fell to an early morning intraday low $70.9 before finding support.

Steering clear of the first major support level at $70.34 and 62% FIB of $70, Litecoin rallied to an early afternoon intraday high $74.85.

In spite of the breakout, Litecoin fell well short of the first major resistance level at $75.69. A relatively range-bound afternoon left Litecoin back at $73 levels.

At the time of writing, Litecoin was down by 0.57% to $72.97. Tracking the broader market, Litecoin fell from a morning high $73.45 to a low $72.64 before finding support.

Litecoin left the major support and resistance levels untested early on.

For the day ahead, a move back through to $73.10 levels would support a run at the first major resistance level at $75.19.

Litecoin would need the support of the broader market, however, to break out from Thursday’s high $74.85.