Litecoin fell three times in a row on Thursday. did. The token continued to move away from recent highs. Cryptocurrencies have mostly fallen recently as traders continue to fear a global recession. Cosmos also remained in the red in today’s session.
Litecoin (LTC)
Litecoin (LTC) dropped to 10-day low on Thursday, token his third consecutive session.
After his high of $79.20 on Wednesday,LTC/USD moved to a low of $74.82 early in the day’s session.
As a result, the token fell to its lowest point since November 29, when the price bottomed out at $73.39.
Looking at the chart, the Litecoin bear sees the price as his floor is $73.00.
This seems likely, especially as his 14-day Relative Strength Index (RSI) is rapidly approaching its own low. The
index is currently tracking 57.10 and seems to be moving towards the 53.00 support point.
Cosmos (ATOM)
Another noteworthy token on Thursday was cosmos (ATOM), which was 10 days ago I gave a low price. that day.
ATOM/USD fell to the bottom of $9.52 on Thursday, but the bulls re-entered the market and bought the recent decline.
At today’s low, the token traded at its lowest level since November 28, when it last bottomed out at $9.45.
At time of writing,ATOM has mostly rebounded It is currently trading at the $9.71 level.
On top of this, the RSI bounced off its own floor at 39.50 and is now tracking at 41.40.
If the momentum continues to the upside, theATOM bulls may target a move above $10.00.
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