In This Article:
Bitcoin Cash – ABC – Back in the Red
Bitcoin Cash ABC rallied by 4.10% on Saturday. Partially reversing a 7.72% tumble from Friday, Bitcoin Cash ABC ended the day at $215.06.
A bearish start to the day saw Bitcoin Cash ABC fall to a late morning intraday low $202.36 before finding support.
Steering clear of the first major support level at 192.43, Bitcoin Cash ABC rallied to a late afternoon intraday high $218.0.
In spite of the breakout from $210 levels, Bitcoin Cash ABC fell short of the first major resistance level at $227.04.
Late in the day, Bitcoin Cash ABC fell back to $211 levels before wrapping up the day at $215 levels.
At the time of writing, Bitcoin Cash ABC was down by 1.99% to $210.78. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $214.66 to a low $210.78.
Bitcoin Cash ABC left the major support and resistance levels untested early on.
For the day ahead, a move back through to $212 levels would support a run at the first major resistance level at $221.25.
Bitcoin Cash ABC would need the support of the broader market to break out from Saturday’s high $218.
Barring a broad-based crypto rally, however, Bitcoin Cash ABC would likely fall short of $220 levels on the day.
Failure to move through to $211 levels could see Bitcoin Cash ABC fall deeper into the red.
A fall through to sub-$210 levels would bring the first major support level at $205.61 into play before any recovery.
Barring a crypto meltdown, however, Bitcoin Cash ABC should steer clear of sub-$200 support levels on the day.
Litecoin Sees more Red
Litecoin rose by 1.64% on Saturday. Partially reversing a 6.31% slide from Friday, Litecoin ended the day at $48.22.
A relatively range-bound morning saw Litecoin fall to a late morning intraday low $46.33 before finding support.
Steering clear of the first major support level at $43.41, Litecoin rose to a late afternoon intraday high $48.65.
In spite of the upward move, Litecoin fell short of the first major resistance level at $51.33.
A late pullback to sub-$48 levels was short-lived, with Litecoin recovering to $48 levels ahead of the day end.
At the time of writing, Litecoin was down by 0.68% to $47.89. A bearish start to the day saw Litecoin fall from an early morning high $48.34 to a low $47.26.
Litecoin left the day’s major support and resistance levels untested early on.
For the day ahead, a move back through to $48 levels would bring the first major resistance level at $49.14 into play.
Litecoin would need the support of the broader market, however, to break out from Saturday’s high $48.65.