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Bitcoin Cash – ABC – Holds onto $320
Bitcoin Cash ABC rose by 0.83% on Saturday. Partially reversing a 5.94% slide from Friday, Bitcoin Cash ABC ended the day at $317.63.
A bullish start to the day saw Bitcoin Cash ABC rise to an early morning intraday high $322 before hitting reverse.
Falling short of the first major resistance level at $328.48, Bitcoin Cash ABC slid to a late morning intraday low $302.87.
Bitcoin Cash ABC fell through the first major support level at $303.06 before finding support. Bitcoin Cash ABC reversed the early losses with a move back through to $316 levels in the 2nd half of the day.
At the time of writing, Bitcoin Cash ABC was up by 1.29% to $321.74. A bullish start to the day saw Bitcoin Cash ABC rise from a morning low $317.63 to a high $321.74.
Bitcoin Cash ABC left the major support and resistance levels untested early on. For the day ahead, a hold onto $320 levels would support a run at the first major resistance level at $325.46.
Bitcoin Cash ABC would need the support of the broader market, however, to break out from Saturday’s high $322.
Barring a broad-based crypto rally, Bitcoin Cash ABC would likely come up short of $330 levels for a 2nd consecutive day.
Failure to hold onto $320 levels could see Bitcoin Cash ABC fall through the morning low $317.63 to $315 levels.
Bitcoin Cash ABC would need to steer clear of sub-$314 levels, however, to avoid the first major support level at $306.33.
Barring a crypto meltdown, Bitcoin Cash ABC should steer clear of sub-$300 levels on the day.
Litecoin Finds Early Support
Litecoin gained 1.06% on Saturday. Partially reversing a 6.31% tumble from Friday, Litecoin ended the day at $85.17.
Tracking the broader market, Litecoin rose to an early morning high $87.17 before sliding into the red.
Falling short of the first major resistance level at $88.93, Litecoin slid to a late morning intraday low $81.84.
Litecoin steered clear of the first major support level at $81.11 before finding support from the broader market. A late afternoon rally saw Litecoin bounce back to an intraday high $87.33 before easing back.
At the time of writing, Litecoin was up by 1.27% to $86.25. Finding support from the broader market, Litecoin rose from a morning low $85.15 to a high $87.4 before easing back.
While steering clear of the major support levels, Litecoin came within range of the first major resistance level at $87.72.
For the day ahead, a hold onto $86 levels would support another run at the first major resistance level at $87.72.
Litecoin would need the support of the broader market, however, to break out from the morning high $87.40.