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Bitcoin Cash – ABC – Holds Steady
Bitcoin Cash ABC ended the day flat on Monday. Following a 0.71% gain from Sunday, Bitcoin Cash ABC wrapped up the day at $214.72.
A choppy start to the day saw Bitcoin Cash ABC slide to a mid-morning intraday low $210.0 before finding support.
Bitcoin Cash ABC fell through the first major support level at $211.28 before striking a mid-afternoon intraday high $215.45.
Falling short of the first major resistance level at $218.44, Bitcoin Cash ABC slid back to through the first major support level to $211 levels.
Finding late support, Bitcoin Cash ABC moved back through the first major support level to reverse the losses from the day.
At the time of writing, Bitcoin Cash ABC was up by 0.65% to $216.11. A positive start to the day saw Bitcoin Cash ABC rise from an early morning low $214.7 to a high $216.11.
Bitcoin Cash ABC left the major support and resistance levels untested early on.
For the day ahead, a hold onto $216 levels would support a run at the first major resistance level at $216.78.
Bitcoin Cash ABC would need the support of the broader market, however, to avoid a pullback to $215 levels.
In the event of an extended rally through the day, the second major resistance level at $218.84 would likely come into play.
Failure to hold onto $216 levels could see Bitcoin Cash ABC hit reverse.
A fall through to $213.40 levels would bring the first major support level at $211.33 into play.
Barring a crypto meltdown, however, Bitcoin Cash ABC should steer clear of the second major support level at $207.94.
Litecoin Finds Early Support
Litecoin slid by 4.06% on Monday. Reversing a 1.29% gain from Sunday, Litecoin ended the day at $45.57.
It was a particularly bearish start to the week. Litecoin slid from an early morning intraday high $47.64 to late afternoon intraday low $44.66.
Steering clear of the major resistance levels, Litecoin fell through the first major support level at $46.09.
Holding above the second major support level at $44.34, Litecoin managed to move back through to $45 levels to reduce the deficit on the day.
In spite of the late support, however, Litecoin failed to break back through the first major support level.
At the time of writing, Litecoin was up by 1.29% to $46.16. A bullish start to the day saw Litecoin rise from an early morning low $45.55 to a high $46.20.
Litecoin left the major support and resistance levels untested early on.
For the day ahead, Litecoin would need to hold onto $46 levels to support a run at the first major resistance level at $47.11.
Support from the broader market would be needed, however, for Litecoin to break back through to $47 levels.