Litecoin was again within the inexperienced on March 13, as cryptocurrency markets rebounded to start out the week. The token rose by as a lot as 15% in at this time’s session, and the worldwide crypto market cap traded practically 10% larger. Ethereum traditional additionally moved considerably larger.
Litecoin (LTC)
Litecoin (LTC) surged as a lot as 15% to start out the week, as cryptocurrency markets rebounded from current losses.
LTC/USD rose to an intraday excessive of $79.53 earlier in at this time’s session, lower than 24 hours after hitting a low of $68.66.
The transfer noticed litecoin climb to its strongest level since final Friday, when the token peaked at $84.92.
Wanting on the chart, a catalyst for the transfer seems to be the 14-day relative energy index (RSI), which broke out of a current resistance level.
On the time of writing, the index follows at 41.05, after a transfer past the aforementioned ceiling of 40.00.
Ought to momentum proceed on this path, there’s a robust likelihood that LTC bulls will take the value to a ceiling of $85.00.
Ethereum Traditional (ETC)
Along with LTC, ethereum traditional (ETC) additionally recovered from current lows throughout Monday’s session.
After a low of $17.05 on Sunday, ETC/USD rallied to a excessive of $20.20 to start out the week.
This excessive has additionally acted as a resistance level in current weeks, and since a collision earlier within the day, the bullish momentum has slowed marginally.
On the time of writing, ETC/USD is buying and selling at $19.65, which continues to be virtually 15% larger than yesterday’s low.
Total, earlier bulls seem to have moved to lock in good points, because the RSI approaches a ceiling of its personal at 48.00.
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