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Bitcoin Cash – ABC – Avoids sub-$280 early
Bitcoin Cash ABC gained 1.26% on Sunday. Following on from a 0.86% rise on Saturday, Bitcoin Cash ABC ended the week down 7.8% at $282.29.
Bearish through most of the day, Bitcoin Cash ABC slid from an early morning high $278.78 to a late intraday low $274.56.
Falling well short of the major resistance levels, Bitcoin Cash ABC tested the first major support level at $274.63.
Finding support from the broader market, Bitcoin Cash ABC bounced back to a late intraday high $282.97.
In spite of the late rally, Bitcoin Cash ABC came up short of the first major resistance level at $286.02.
At the time of writing, Bitcoin Cash ABC was down by 0.17% to $281.81. In the early hours, Bitcoin Cash ABC eased back from an end of Sunday $282.29 to an early morning low $281.81.
Bitcoin Cash ABC left the major support and resistance levels untested.
For the day ahead, a move through Sunday’s high $282.97 would bring the first major resistance level at $285.32 into play.
Bitcoin Cash ABC would need the support of the broader market, however, to break through to $283 levels.
Barring a broad-based crypto rally, Bitcoin Cash ABC would likely fall short of $290 levels for a 4th consecutive day.
Failure to move through Sunday’s high could see Bitcoin Cash ABC slide deeper into the red. A fall through to sub-$280 levels would bring the first major support level at $276.91 into play.
Barring a crypto meltdown, Bitcoin Cash ABC should steer clear of the second major support level at $271.53.
Litecoin Holds Steady
Litecoin rose by 2.75% on Sunday. Following on from a 0.26% gain on Saturday, Litecoin ended the week down 8.36% at $66.1.
Tracking the broader market, a relatively range-bound day saw Litecoin ease back from a morning high $65.32 to a late afternoon intraday low $64.0.
Steering clear of the major support and resistance levels, Litecoin bounced back to a late intraday high $67.37.
Litecoin broke through the first major resistance level at $65.66 and second major resistance level at $66.96 before easing back.
At the time of writing, Litecoin was up by 0.23% to $66.25. A range-bound start to the day saw Litecoin rise to a morning high $66.51 before pulling back to a low $66.0.
Litecoin left the major support and resistance levels untested early on.
For the day ahead, a hold onto $66 levels would support a run at the first major resistance level at $67.65.
Litecoin would need the support of the broader market, however, to break out from Sunday’s high $67.37.
Barring a broad-based crypto rally, the first major resistance level would likely leave $68 levels out of reach for a 5th consecutive day.