In This Article:
Bitcoin Cash – ABC – Steadies
Bitcoin Cash ABC rose by 2.64% on Saturday. Following on from a 3.06% gain on Friday, Bitcoin Cash ABC ended the day at $226.67.
Relatively range-bound through the morning, Bitcoin Cash ABC eased back to an early afternoon intraday low $218.49.
Steering well clear of the first major support level at $211.78, Bitcoin Cash ABC rallied to a late afternoon intraday high $230.08.
The rally saw Bitcoin Cash ABC break through the first major resistance level at $225.45 to $230 levels.
Bitcoin Cash ABC came within range of the second major resistance level at $230.89 before easing back.
At the time of writing, Bitcoin Cash ABC was down by 0.23% to $226.14. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $226.50 to a low $226.14.
Bitcoin Cash ABC left the major support and resistance levels untested early on.
For the day ahead, Bitcoin Cash ABC would need to steer clear of sub-$225.50 levels to support a run at $230 levels.
Support from the broader market would be needed, however, for Bitcoin Cash ABC to test the first major resistance level at $231.67.
In the event of a broad-based crypto rally, the second major resistance level at $236.67 could come into play before any pullback.
Failure to steer clear of sub-$225.50 levels would bring the first major support level at $220.08 into play before any recovery.
Barring an extended sell-off through the day, however, Bitcoin Cash ABC should steer clear of Saturday’s low $218.49.
Litecoin Sees More Red
Litecoin fell by 0.93% on Friday. Partially reversing a 1.54% gain from Friday, Litecoin ended the day at $55.53.
Also range-bound through the morning, Litecoin fell from an early morning intraday high $56.49 to a late morning low $55.04.
Litecoin left the major support and resistance levels untested ahead of a slide to a mid-afternoon intraday low $53.86.
Holding above the first major support level at $53.47, Litecoin recovered to $56 levels before easing back into the red.
At the time of writing, Litecoin was down by 0.54% to $55.23. A range-bound start to the day saw Litecoin fall from an early morning high $55.66 to a low $55.18.
Litecoin left the major support and resistance levels untested early on.
For the day ahead, a move back through the morning high $55.66 would bring the first major resistance level at $56.73 into play.
Litecoin would need the support of the broader market, however, to break out from Saturday’s high $56.49.
Barring a broad-based crypto rebound, Litecoin would likely come up short of $57 levels on the day.