Litecoin was one in every of Thursday’s greatest gainers, with costs rising by as a lot as 13% in right this moment’s session. This got here regardless of the worldwide crypto market worth shifting decrease, down 1.65% on the time of writing. Dogecoin was additionally larger, because the meme coin bounced again from Wednesday’s losses.
Litecoin (LTC)
Litecoin (LTC) has been one in every of Thursday’s greatest gainers, with costs rising by as a lot as 13% in right this moment’s session.
LTC/USD rallied to an intraday excessive of $91.70 in right this moment’s session, a day after falling to a low of $79.95.
Because of the transfer, LTC climbed to its strongest level since March 3, when the token peaked at $95.49.
General, the transfer has pushed the 10-day (pink) transferring common nearer to an upward crossover with the 25-day (blue) transferring common.
Whereas some would count on a cross, there seems to be a hurdle in place, which comes within the type of a ceiling on the Relative Energy Index (RSI).
On the time of writing, the index follows at 55.35, which is marginally under the talked about resistance zone of 56.00.
Dogecoin (DOGE)
Dogecoin (DOGE) was additionally larger in right this moment’s session, because the meme coin rose to a five-day excessive.
After a low of $0.07213 on Wednesday, DOGE/USD rallied to a excessive of $0.07819 earlier right this moment.
The draw noticed DOGE bounce again from yesterday’s loss, reaching its highest level since final Saturday within the course of.
Wanting on the chart, right this moment’s rally has despatched the 10-day (pink) transferring common to the brink of a cross with its 25-day (blue) counterpart.
That is often an indication of upcoming rallies, which just like the LTC, must come when the RSI breaks free from a present resistance level.
Value energy is at present monitoring at 51.38, which is barely under a ceiling on the 52.00 mark.
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