On March 24, Bitcoin Cash crashed to $442.79 low and immediately pulled back. The market has corrected upward after the breakdown. The bears broke the $510 support which has been holding for the past two weeks.
Litecoin fell and found support above the $170 price level. The altcoin has reached bearish exhaustion as price fell into the oversold region of the market. The bulls buy the dips as LTC initiates an upward move.
Despite a rebound above $1,700 support and subsequent breaking of the $1,800 resistance, the $2,000 overhead resistance could not be breached. Today, Ether prices are falling along with Bitcoin. The biggest altcoin was repelled after reaching a high of $1,928.30.
Ethereum is falling and the current downtrend will extend to the low of $1,560 if the selling pressure persists. The recent downward move is caused by the bull’s inability to sustain the bullish momentum above the $1,800 support.