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Bitcoin Cash – ABC
Bitcoin Cash ABC fell by 1.46% on Tuesday. After having closed out the day flat on Monday, Bitcoin Cash ABC ended the day at $211.56.
A mixed start to the day saw Bitcoin Cash ABC rise to an early morning intraday high $216.11 before hitting reverse.
Falling short of the first major resistance level at $216.78, Bitcoin Cash ABC fell to a mid-morning low $212.15.
Steering clear of the first major support level at $211.33, Bitcoin Cash ABC recovered to $214 levels before a 2nd sell-off.
The 2nd sell-off saw Bitcoin Cash ABC fall to a late intraday low $211.56. In spite of the pullback, Bitcoin Cash ABC steered clear of the first major support level at $211.33.
At the time of writing, Bitcoin Cash ABC was down by 2.75% to $205.75. A bearish start to the day saw Bitcoin Cash ABC slide from an early morning high $210.85 to a low $202.44.
Bitcoin Cash ABC fell through the major support levels before breaking back through the third major support level at $203.98.
For the day ahead, Bitcoin Cash ABC would need to break back through the second major support level at $208.53 to support a rebound.
Support from the broader market would be needed, however, for Bitcoin Cash ABC to break out from the first major support level at $210.04.
In the event of a rebound, resistance at $213 levels would likely pin Bitcoin Cash ABC back on the day.
We would expect the first major resistance level at $214.59 to be left untested on the day.
Failure to move back through the second major support level could see Bitcoin Cash ABC fall deeper into the red.
A fall back through the third major support level at $203.98 would bring sub-$200 levels into play.
Litecoin
Litecoin fell by 1.65% on Tuesday. Following on from a 4.06% slide on Monday, Litecoin ended the day at $44.80.
It was a choppy day for Litecoin on Tuesday. Through the early hours, Litecoin rose to an early morning high $46.20 before sliding to a late morning intraday low $44.27.
Falling short of the first major resistance level at $47.11, Litecoin fell through the first major support level at $44.57.
Finding support through the early afternoon, Litecoin bounced back to a mid-afternoon intraday high $46.31.
The visit to $46 levels was brief, however, with Litecoin sliding back to sub-$45 levels late in the day.
Resistance at $45 left Litecoin at sub-$45 levels at the day end.
At the time of writing, Litecoin was down by 1.61% to $44.08. A bearish start to the day saw Litecoin slide from an early morning high $44.85 to a low $43.71.
Steering clear of the major resistance levels, Litecoin fell through the first major support level at $43.94 before finding support.