Bitcoin Cash – ABC – Back at sub-$400

Bitcoin Cash ABC slid by 6.82% on Wednesday. Reversing a 0.26% gain from Tuesday, Bitcoin Cash ABC ended the day at $391.36.

Bearish through the day, Bitcoin Cash ABC fell from a start of a day intraday high $421.96 to a late morning low $398.83.

Coming within range of the first major support level at $397.56, Bitcoin Cash ABC recovered to $417 levels before hitting reverse.

A late sell-off saw Bitcoin Cash ABC slide through the first major support level to an intraday low $384.55 before steadying.

At the time of writing, Bitcoin Cash ABC was down by 0.27% to $390.29. Moves through the early morning saw Bitcoin Cash ABC rise from a morning low $385 to a high $395 before falling back.

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

For the day ahead, a move back through the morning high to $399 levels would bring the first major resistance level at $414.92 into play.

Sentiment across the broader market would need to improve, however, for Bitcoin Cash ABC to break out from $400 levels. A broad-based crypto rally would support a run at $420 levels before any pullback.

Failure to move through to $399 levels would see Bitcoin Cash ABC struggle through the day. A fall back through the morning low $385 would bring the first major support level at $374.84 into play.

Barring a broad-based crypto sell-off, Bitcoin Cash ABC would likely steer clear of sub-$370 levels on the day.

Litecoin Back in the $80s

Litecoin slid by 3.87% on Wednesday. Following on from a 0.56% fall on Tuesday, Litecoin ended the day at $87.72.

A relatively choppy day saw Litecoin slide from an early morning intraday high $92.58 to a late intraday low $85.65.

Falling short of the major resistance levels, Litecoin fell through the first major support level at $89.31 and second major support level at $87.36.

Recoveries through the afternoon to $90 levels were short-lived as the broader market weighed on the day.

At the time of writing, Litecoin was up by 0.16% to $87.86. A bullish start to the day saw Litecoin rise from a morning low $86.51 to a high $88.40 before easing back.

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

For the day ahead, a move through the morning high to $88.70 levels would support a return to $90 levels.

Litecoin would need support from the broader market, however, to break through the first major resistance level at $91.65.

In the event of a bread-based crypto rally, $95 levels would likely come into play before any pullback.

Failure to move through to $88.70 levels could see Litecoin hit reverse later in the day. A fall through the morning low $86.51 would bring $85 levels into play before any recovery.