Largest Movers:  LTC Hits 6-Week Excessive, as LEO Rises for the Ninth Straight Day – Market Updates Bitcoin Information

Bitcoin News


Litecoin rose to its highest degree in over six weeks on Wednesday, because the token moved previous a key worth ceiling. At this time’s transfer comes regardless of cryptocurrency markets principally buying and selling decrease, forward of the Federal Open Market Committee (FOMC) assembly. Unus sed leo (LEO) was additionally greater, climbing for a ninth consecutive session.

Litecoin (LTC)

Litecoin (LTC) rose by as a lot as 10% on Wednesday, regardless of cryptocurrency markets principally buying and selling decrease.

Following a low of $54.64 throughout Tuesday’s session, LTC/USD surged to an intraday peak of $61.89.

The rally sees the token transfer previous a key resistance degree of $58.20, hitting its strongest level since mid-September within the course of.

Biggest Movers: LTC Hits 6-Week High, as LEO Rises for the Ninth Straight Day
LTC/USD – Every day Chart

As may be seen from the chart, the 14-day relative power index has additionally surged, and is now firmly in overbought territory.

The index is presently monitoring on the 69.32 degree, which is its highest level since final November.

Along with this, the 10-day (pink) has now continued its uptrend, sustaining its current crossover with its 25-day (blue) counterpart.

Ought to this momentum proceed, we may even see LTC bulls try to push the value to a ceiling of $64.40.

Unus sed leo (LEO)

Unus sed leo (LEO) prolonged a powerful run of beneficial properties in at the moment’s session, as costs rose for a ninth straight day.

LEO/USD surged to a excessive of $4.66 earlier at the moment, which comes lower than a day after hovering at a low of $4.51.

Like with litecoin above, at the moment’s surge sees LEO transfer previous a key ceiling of $4.55, on its approach to a multi-week excessive.

Biggest Movers: LTC Hits 6-Week High, as LEO Rises for the Ninth Straight Day
LEO/USD – Every day Chart

Total, the token is now buying and selling at its highest level since September 23, with the RSI additionally considerably greater.

The index is presently monitoring at 66.14, which is its strongest degree within the final two months.

A resistance of 68.00 appears to be the goal of present bulls, and if reached, some merchants may transfer to safe earlier beneficial properties.

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Eliman Dambell

Eliman brings an eclectic standpoint to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. Presently, he acts as a commentator throughout varied asset lessons, together with Crypto, Shares and FX.

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