Bitcoin Cash, Litecoin, Tezos Price Analysis: 6 September

Sunday 06 September 2020, 6:06 PM AEST - 1 month ago

The time to buy is when theres blood on the streets, said Baron Rothschild. It could be difficult to discern whether the bloodshed has halted, or if there is more red to be seen. Tezos, Litecoin and Bitcoin Cash showed no signs of halting as they nosedived past support levels. A redeeming fact was that Litecoin and Bitcoin Cash noted gains and headed toward resistance before the crash.

Screenshot-2020-09-06-at-11.08.29-AM.pngCoinstats

Bitcoin Cash [BCH]

PA-1-BCH-1.pngSource: BCH/USD on TradingView

Bitcoin Cash found support at the $219 zone, only to bounce twice off that support in the past couple days. BCH could be set to lose this level of support as well. Stochastic RSI indicated overbought conditions and could indicate that sell pressure was still strong.

Next level of support for BCH was at $203 zone.

Bitcoin Cash was recently in the news when Tim Draper tweeted positively about the coin, after recently purchasing it.

Litecoin [LTC]

PA-1-LTC-1.pngSource: LTC/USD on TradingView

Litecoin was rejected at $66 level before the market-wide drop. Litecoin found some support at $58 and looked to be recovering, but Bitcoin and major alts saw huge sell pressure.

At presstime, LTC was trading $46.7, with the next level of support at $41 zone. Even when RSI dropped into

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