Bitcoin Cash – ABC – Tracks the Pack
Bitcoin Cash ABC rose by 1.56% on Saturday. Partially reversing a 4.10% slide from Friday, Bitcoin Cash ABC ended the day at $224.75.
A mixed start to the day saw Bitcoin Cash ABC rise from an early morning intraday low $221.3 to a morning high $224.38.
Leaving the major support and resistance levels untested, Bitcoin Cash ABC fell back to $222 levels.
Finding support in the early afternoon, Bitcoin Cash ABC rallied to a late afternoon intraday high $227.78.
Falling short of the first major resistance level at $230.51, Bitcoin Cash ABC fell back to $223 levels before finding support.
At the time of writing, Bitcoin Cash ABC was up by 0.19% to $225.17. Through the first hour, Bitcoin Cash ABC rose from a morning low $223.64 to a high $225.17.
Bitcoin Cash ABC left the major support and resistance levels untested early on.
For the day ahead, Bitcoin Cash ABC would need to hold onto $225 levels to support a run at the first major resistance level at $227.92.
Bitcoin Cash ABC would need the support of the broader market, however, to break through to $227 levels.
Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $227.78 should limit any upside.
Failure to hold onto $225 levels could see Bitcoin Cash ABC hit reverse. A fall through to $223 levels would bring the first major support level at $221.44 into play before any recovery.
Barring a broad-based crypto sell-off, Bitcoin Cash ABC should steer clear of sub-$220 support levels on the day.
Litecoin Struggles Early
Litecoin fell by 0.36% on Saturday. Following on from a 3.15% slide on Friday, Litecoin ended the day at $55.77.
A bullish start to the day saw Litecoin strike a mid-morning intraday high $56.57.
Falling well short of the first major resistance level at $57.91, Litecoin fell back to $55 levels before recovering to an afternoon high $56.44.
A failure to break through to $57 levels weighed, however, with Litecoin sliding to an…