In This Article:
Bitcoin Cash – ABC – in the Red
Bitcoin Cash ABC gained 2.69% on Friday. Following on from a 5.08% rally on Thursday, Bitcoin Cash ABC ended the day at $422.00.
A relatively choppy day saw Bitcoin Cash ABC recover from a morning low $404.19 to hit $416 levels before hitting reverse.
Pulling back from the early afternoon high, Bitcoin Cash ABC slid to a late afternoon intraday low $402.00.
Steering clear of the first major support level at $397.05, Bitcoin Cash ABC rallied to a late intraday high $422.00. In spite of the late rally, Bitcoin Cash ABC came up short of the first major resistance level at $426.51.
At the time of writing, Bitcoin Cash ABC was down by 0.48% to $419.96. A mixed start to the day saw Bitcoin Cash ABC rise from a morning low $416.37 to a high $424 before easing back.
Bitcoin Cash ABC left the major support and resistance levels untested early on.
For the day ahead, a hold above $415 levels through the morning would support upward momentum later in the day.
A recovery to $420 levels would signal a run at the first major $428.67. Bitcoin Cash ABC would need support from the broader market, however, to break out from this morning’s high $424.
Failure to hold above $415 levels could see Bitcoin Cash ABC test the first major support level at $408.67.
Barring an extended crypto market sell-off, Bitcoin Cash ABC would likely steer clear of sub-$400 levels on the day.
Litecoin Plays Catch-up
Litecoin rose by 1.36% on Friday. Partially reversing a 3.9% slide from Thursday, Litecoin ended the day at $132.56.
Tracking the broader market, Litecoin recovered from a mid-morning low $128.43 to an early afternoon intraday high $136.96 before hitting reverse.
Steering clear of the major support levels, Litecoin broke through the first major resistance level at $135.89.
The reversal saw Litecoin slide through the first major support level at $126.94 to a late afternoon intraday low $125.6.
Finding support from the broader market, Litecoin recovered to $130 levels late in the day.
At the time of writing, Litecoin was up by 1.8% to $134.94. A particularly bullish start to the day saw Litecoin rally from a morning low $132.57 to a high $137.31.
Steering clear of the major support levels, Litecoin broke through the first major resistance level at $135.89 before easing back.
For the day ahead, a hold onto $130 levels would support another break through the first major resistance level. Litecoin would need support from the broader market, however, to break out from $135 levels.
Barring a broad-based crypto rally, Litecoin would likely come up short of the second major resistance level at $138.09.