Bitcoin Cash – ABC – Holds Steady
Bitcoin Cash ABC fell by 1.3% on Thursday. Reversing a 1.4% loss from Wednesday, Bitcoin Cash ABC ended the day at $333.00.
A particularly bearish day saw Bitcoin Cash ABC slide from an early intraday high $337.7 to a late afternoon intraday low $326.55.
Steering clear of the first major resistance level at $348.14, Bitcoin Cash ABC fell through the first major support level at $332.48.
Finding support late in the day, Bitcoin Cash ABC managed to move back through to $330 levels to limit the loss on the day.
At the time of writing, Bitcoin Cash ABC was up by 0.06% to $333.20. A lack of movement through the early part of the morning left the major support and resistance levels untested.
For the day ahead, holding above $332.50 levels would support a run at the first major resistance level at $338.28.
Bitcoin Cash ABC would need the support of the broader market, however, to break out from Thursday’s high $337.7.
Barring a broad-based crypto rally, Bitcoin Cash ABC would likely come up short of $340 levels on the day.
Failure to hold above $332.50 levels could see Bitcoin Cash ABC hit reverse. A fall through to sub-$330 levels would bring the first major support level at $327.13 into play.
Barring a crypto meltdown, however, Bitcoin Cash ABC should steer clear of sub-$320 levels on the day. The second major support level at $321.27 should limit any downside.
Litecoin on the Slide
Litecoin slipped by 0.55% on Thursday. Following on from a 2.54% slide on Wednesday, Litecoin ended the day at $90.00.
An early morning intraday high $92.82 was the only bullish move of the day. Falling well short of the first major resistance level at $94.24, Litecoin slid to an early afternoon intraday low $87.69.
In spite of the reversal, Litecoin steered clear of the first major support level at $86.97. Finding support through the afternoon, Litecoin managed to wrap up the day at $90 levels. Litecoin’s last closeout at sub-$90 was on 27th July…
At the time…