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Bitcoin Cash – ABC – Holds onto $300
Bitcoin Cash ABC rose by 2.15% on Saturday. Reversing a 0.63% fall from Friday, Bitcoin Cash ABC ended the day at $303.81.
A bearish start to the day saw Bitcoin Cash ABC fall to an early morning intraday low $295.24.
Steering clear of the first major support level at $294.76, rallied to a late intraday high $307.0.
Bitcoin Cash ABC broke through the first major resistance level at $300.97 and second major resistance level at $303.94.
Easing back in the final hour, Bitcoin Cash ABC fell back through the second major resistance level, whilst holding onto $300 levels.
At the time of writing, Bitcoin Cash ABC was up by 0.98% to $306.78. A bullish start to the day saw Bitcoin Cash ABC rise from an early morning low $304.97 to a high $307.
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-$303 levels to support a run at the first major resistance level at $308.79.
Support from the broader market would be needed, however, for Bitcoin Cash ABC to break out from this morning and Saturday’s high $307.
Barring another broad-based crypto rally, Bitcoin Cash ABC would likely come up short of the second major resistance level at $313.78.
Failure to steer clear of sub-$303 levels could see Bitcoin Cash ABC test the first major support level at $297.03 before any recovery.
Barring a crypto meltdown, Bitcoin Cash ABC should steer well clear of the second major support level at $290.26.
Litecoin Visits $71
Litecoin rose by 2.2% on Saturday. Reversing a 0.16% fall from Friday, Litecoin ended the day at $70.62.
A bearish morning saw Litecoin fall from an early morning high $69.49 to a mid-day intraday low $68.30.
Steering clear of the first major support level at $67.56, Litecoin rallied to a late afternoon intraday high $71.45.
The rally saw Litecoin break through the first major resistance level at $70.15 and second major resistance level at $71.22.
A pull-back late in the day saw Litecoin fall back through the second major support level to wrap up the day at sub-$71 levels.
At the time of writing, Litecoin was up by 0.31% to $70.84. A bullish start to the day saw Litecoin rise from an early morning low $70.64 to a high $71.47 before easing back.
Litecoin left the major support and resistance levels untested early on.
For the day ahead, holding above $70.60 levels would support another run at the first major resistance level at $71.95.
Litecoin would need the support of the broader market, however, to break out from this morning’s high $71.47.