In This Article:
Bitcoin Cash – ABC – on the Rebound
Bitcoin Cash ABC slid by 4.10% on Friday. Following on from a 3.75% decline on Thursday, Bitcoin Cash ABC ended the day at $229.62.
A choppy start to the day saw Bitcoin Cash ABC rally to an early morning intraday high $234.68.
Falling short of the first major resistance level at $237.31, Bitcoin Cash ABC tumbled to an early evening intraday low $219.08.
The pullback saw Bitcoin Cash ABC fall through the first major support level at $227.37 and second major support level at $223.74.
Finding support late in the day, Bitcoin Cash ABC managed to recover to $220 levels.
At the time of writing, Bitcoin Cash ABC was up by 1.35% to $223.61. A bullish start to the day saw Bitcoin Cash ABC rise from an early morning low $221.3 to a high $223.61.
Bitcoin Cash ABC left the major support and resistance levels untested early on.
For the day ahead, a move through to $224.80 levels would support a run at the first major resistance level at $230.51.
Bitcoin Cash ABC would need the support of the broader market, however, to break out from $225 levels.
Barring a broad-based crypto rally, Bitcoin Cash ABC would likely come up short of Friday’s high $234.68.
Failure to move through to $224.80 levels could see Bitcoin Cash ABC hit reverse. A fall back through to sub-$220 would bring the first major support level at $214.91 into play.
Barring a crypto meltdown, Bitcoin Cash ABC should steer clear of the second major support level at $209.19.
Litecoin Struggles Early
Litecoin slid by 3.15% on Friday. Following on from a 2.56% fall on Thursday, Litecoin ended the day at $55.94.
In a bullish start to the day, Litecoin rallied to an early morning intraday high $58.64 before hitting reverse.
Falling short of the first major resistance level at $59.13, Litecoin tumbled to a late intraday low $55.44.
The sell-off saw Litecoin fall through the first major support level at $56.78 and second major support level at $55.78.
Finding support in the final hour, Litecoin broke back through the second major support level at $55.78.
At the time of writing, Litecoin was up by 0.52% to $56.23. A bullish start to the day saw Litecoin rise from an early morning low $55.83 to a high $56.42 before easing back.
Litecoin left the major support and resistance levels untested.
For the day ahead, a move through to $56.70 levels would support a run at the first major resistance level at $57.91.
Litecoin would need the support of the broader market, however, to break out from $56 levels.
Barring a broad-based crypto rally, Litecoin would likely come up short of $58 levels on the day.