Bitcoin Cash – ABC – Sees more Pain

Bitcoin Cash ABC slid by 5.69% on Sunday. Partially reversing a 4.10% gain from Saturday, Bitcoin Cash ABC ended the week down by 23.8% to $202.44

A mixed start to the day saw Bitcoin Cash ABC fall from an early morning intraday high $214.66 to an early morning low $208.68.

Bitcoin Cash ABC left the major support and resistance levels untested before partially recovering to $213 levels.

Going into the afternoon, the bearish sentiment ultimately weighed, however. Bitcoin Cash ABC tumbled to a late afternoon intraday low $201.00.

Bitcoin Cash ABC fell through the first major support level at $205.61 before finding support.

Through the latter part of the day, Bitcoin Cash ABC found support to move back through to $206 levels before wrapping up the day at $202 levels.

At the time of writing, Bitcoin Cash ABC was down by 1.15% to $200.10. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $204.50 to a low $196.54.

Falling short of the major resistance levels, Bitcoin Cash ABC fell through the first major support level at $197.41

For the day ahead, a move through the morning high to $206 levels would bring the first major resistance level at $211.07 into play.

Support from the broader market would be needed for Bitcoin Cash ABC to break out from $200 levels.

Barring an early breakthrough to $206 levels, however, Bitcoin Cash ABC would likely fall well short of $210 levels.

Failure to move through to $206 levels could see Bitcoin Cash ABC take another tumble. A fall back through the first major support level at $197.41 would bring the second major support level at $192.37 into play.

Barring another crypto meltdown, however, Bitcoin Cash ABC should steer well clear of sub-$190 levels.

Litecoin sees more Red than Most…

Litecoin slid by 8.91% on Sunday. Reversing a 1.64% gain from Saturday, Litecoin ended the week down 25.8% to $43.95.

A relatively bearish start to the day saw Litecoin fall from an early morning intraday high $48.34 to a late morning low $46.54.

Falling short of the major resistance levels, Litecoin fell through the first major support level at $46.82 before finding support.

A partial recovery to $47.8 levels was brief, however, with Litecoin sliding to a late afternoon intraday low $43.60.

Litecoin fell back through the first major support level at $46.82 and the second major support level at $45.51.

Through the latter part of the day, Litecoin moved back through to $45 levels before a late pullback through the second major support level.