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Bitcoin Cash – ABC – Hits Reverse
Bitcoin Cash ABC slid by 3.92% on Friday. Reversing a 2.19% gain from Thursday, Bitcoin Cash ABC ended the day at $211.33.
A bearish start to the day saw Bitcoin Cash ABC slide from an early morning intraday high $219.95 to a late morning intraday low $209.13.
Steering clear of the major resistance levels, Bitcoin Cash ABC slid through the first major support level at $215.29 and second major support level at $211.34.
Finding support through the afternoon, Bitcoin Cash ABC recovered to $214 levels before easing back. A partial recovery saw Bitcoin Cash ABC break back through the second major support level. Bitcoin Cash ABC, however, was unable to break back through the first major support level at $215.29.
At the time of writing, Bitcoin Cash ABC was up by 0.1% to $211.55. A mixed start to the day saw Bitcoin Cash ABC fall from an early morning high $211.69 to a low $210.81.
Bitcoin Cash ABC left the major support and resistance levels untested early on.
For the day ahead, a move through to $213.5 levels would support a run at the first major resistance level at $217.81.
Bitcoin Cash ABC would need the support of the broader market, however, to break out from $215 levels.
Barring a broad-based crypto rebound, Bitcoin Cash ABC would likely come up short of $220 levels on the day.
Failure to move through to $213.5 levels could see Bitcoin Cash ABC spend another day in the red. A fall through to sub-$210 levels would bring the first major support level at $206.99 into play.
Barring another crypto sell-off, however, Bitcoin Cash ABC should steer clear of the second major support level at $202.65.
Litecoin Back at $53 Levels
Litecoin fell by 3.02% on Friday. Partially reversing a 4.65% slide on Thursday, Litecoin ended the day at $53.31.
Another bearish start to the day saw Litecoin fall from an early morning intraday high $55.0 to a late morning intraday low $52.12
Falling well short of the major resistance levels, Litecoin fell through the first major support level at $52.59.
Steering clear of sub-$52 levels, Litecoin found support to move back through the first major support level to limit the downside on the day.
At the time of writing, Litecoin was down by 0.45% to $53.07. A bearish start to the day saw Litecoin fall from an early morning high $53.45 to a low $52.97.
Litecoin left the major support and resistance levels untested early on.
For the day ahead, a move back through the morning high to $53.50 levels would support a run at $54 levels.
Litecoin would need the support of the broader market, however, to take a run at the first major resistance level at $54.83.