Bitcoin Cash – ABC – Bucks the Trend Early

Bitcoin Cash ABC rallied by 5.57% on Saturday. Reversing a 2.01% fall from Friday, Bitcoin Cash ABC ended the day at $325.

Bullish from the start of the day, Bitcoin Cash ABC rallied from an early intraday low $307.86 to a late afternoon intraday high $343.65.

Bitcoin Cash ABC broke through the first major resistance level at $316.71 and second major resistance level at $325.57.

Whilst steering well clear of the major support levels on the day, Bitcoin Cash ABC came up short of the 38.2% FIB of $359.

At the time of writing, Bitcoin Cash ABC was up by 1.05% to $328.42. A bullish start to the day saw Bitcoin Cash ABC rise to a morning high $331 before easing back.

Falling short of the first major resistance level at $343.15, Bitcoin Cash ABC fell to a morning low $321.41 before finding support. Bitcoin Cash ABC steered well clear of the first major support level at $307.36 early on.

For the day ahead, a hold above $325 levels would support another run at the first major resistance level at $343.15.

Bitcoin Cash ABC would need the support of the broader market, however, to break out from the morning high $331.

Barring a broad-based crypto rally, Saturday’s high $343.65 and the first major resistance level should limit any upside on the day.

Failure to hold above $325 levels could see Bitcoin Cash ABC test the first major support level at $307.36.

Barring a crypto meltdown, Bitcoin Cash ABC should steer clear of sub-$300 support levels on the day.

Litecoin Hits Reverse

Litecoin rose by 1.86% on Saturday. Partially reversing a 2.61% fall from Friday, Litecoin ended the day at $100.48.

A choppy morning saw Litecoin recover from an early intraday low $97.53 to strike a morning high $101.64.

Steering clear of the major support and resistance levels, Litecoin eased back to $98 levels before hitting an intraday high $106.04.

A late pullback limited the upside on the day.

Whilst steering clear of the support and resistance levels, the 38.2% FIB of $99 continued to be in play.

At the time of writing, Litecoin was down by 2.2% to $98.27. Tracking the broader market, Litecoin struck an early morning high $101.86 before hitting reverse.

Litecoin fell to a morning low $96.77 before recovering to $98 levels. The reversal saw Litecoin fall through the 38.2% FIB of $99 to come within range of the first major support level at $96.66.

For the day ahead, a move back through to $101 levels would support a run at the first major resistance level at $105.17.

Litecoin would need the support of the broader market, however, to break out from $101 levels.