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Bitcoin Cash – ABC – Steadies
Bitcoin Cash ABC rose by 3.06% on Friday. Partially reversing a 4.8% slide from Thursday, Bitcoin Cash ABC ended the day at $220.0.
A mixed start to the day saw Bitcoin Cash ABC fall to an early morning low $211.33 before striking a morning high $218.57.
Falling short of the first major resistance level at $225.83, Bitcoin Cash ABC slid to a mid-afternoon intraday low $209.
Steering clear of the first major support level at $203.29, Bitcoin Cash ABC bounced back to a late intraday high $222.67.
In spite of the late rally, Bitcoin Cash ABC came up short of the first major resistance level at $225.83.
At the time of writing, Bitcoin Cash ABC was up by 0.5% to $221.10. A mixed start to the day saw Bitcoin Cash ABC fall to an early morning low $218.88 before striking a high $221.10.
Bitcoin Cash ABC left the major support and resistance levels untested early on.
For the day ahead, a hold onto $220 levels would support a breakthrough the first major resistance level at $225.45.
Bitcoin Cash ABC would need the support of the broader market, however, to break out from Friday’s high $222.67.
Barring a broad-based crypto rally, we would expect Bitcoin Cash ABC to come up short of $230 levels on the day.
Failure to hold onto $220 levels could see Bitcoin Cash ABC resume the downward trend. A fall through to sub-$217 levels would bring the first major support level at $211.78 into play.
Barring a crypto meltdown, Bitcoin Cash ABC should steer well clear of the second major support level at $203.55.
Litecoin Back in the Red
Litecoin rose by 1.54% on Friday. Partially reversing a 4.03% slide from Thursday, Litecoin ended the day at $56.05.
A choppy start to the day saw Litecoin rise to an early morning high $55.75 before sliding to a mid-afternoon intraday low $52.61.
Steering well clear of the first major support level at $51.10, Litecoin rallied to a late intraday high $56.9 before easing back.
Litecoin came up short of the first major resistance level at $58.48 on the day.
At the time of writing, Litecoin was down by 0.7% to $55.66. A mixed start to the day saw Litecoin rise to an early morning high $56.49 before falling to a low $55.28.
Litecoin left the major support and resistance levels untested early on.
For the day ahead, holding above $55.20 levels would support another run at the first major resistance level at $57.75.
Litecoin would need the support of the broader market, however, to break through to $57 levels.
Barring a broad-based crypto rebound, Friday’s high $56.9 would likely pin Litecoin back on the day.