Bitcoin Cash

BCH ABC and BCH SV continued to see choppy waters on Friday.

For Bitcoin Cash ABC, it was a particularly bearish Friday, sliding by 15.89% to end the day at $256.25, the only positive being a recovery from a late intraday low $243.88, though this may provide little comfort to the broader cryptomarket, with Bitcoin Cash SV continue to claw its way back in the battle of the coins.

For Bitcoin Cash SV, BCH ABC’s loss was Bitcoin Cash SV’s gain, with Bitcoin Cash SV rallying 15.41% to end the day at $102.76, Bitcoin Cash SV recovering from a late morning intraday low $71.5 to strike an intraday high $118.9 before easing back.

At the time of writing, Bitcoin Cash SV continued to find support, with Bitcoin Cash SV up 21.78% to $125.14, the upward trend continuing from Friday morning and in spite of Bitcoin Cash ABC having a longer chain, stemming from significantly greater support from miners, Bitcoin Cash ABC miners having mined the last 14 blocks.

Bitcoin Cash ABC was down 7.07% to $238.13 at the time of writing, with an early move to a morning high $259.84 hitting reverse, investors torn between the 2, while miners continue to stand alongside Bitcoin Cash ABC, in the early days at least.

Litecoin Sees Red Again

Litecoin fell by 3.83% on Friday, reversing Thursday’s 1.47% gain with interest, to end the day at $41.73, the reversal leaving Litecoin down 17.85% for the week, Monday through Friday.

Bearish through the day, Litecoin fell from a start of a day intraday high $43.61 to a late in the day intraday low $41.25 before steadying, the moves through the day leaving the major support and resistance levels untested, as the markets responded to a slide in Bitcoin Cash ABC through the day.

At the time of writing, Litecoin was down 1.27% to $41.2, with the bloodbath spilling into the weekend, Litecoin falling from a start of a day morning high $41.75 to an early morning low $41.15 before steadying, the day’s major support and resistance levels left untested early on.

For the day ahead, a hold on to $41 levels through the morning could see Litecoin find support later in the day, with a move back through the morning high $41.75 to $42 levels needed to bring the day’s first major resistance level at $43.14 into play, though sentiment could ultimately pin Litecoin back to $42 levels at best.

Failure to hold on to $41 levels could see Litecoin fall deeper into the red, with the day’s first major support level at $40.78 unlikely to be enough in the event of another sell-off, sub-$40 support levels back in play through the day.