Dogecoin trades at 3-week low was Thursday, following the release of US retail sales. Customer spending fell more than he expected in November, and last month he fell 0.6%. Litecoin fell to its lowest since late November, his second consecutive decline.
Dogecoin (DOGE) remained in the red Thursday as he fell nine days in the last 11 days.
Recent declines saw DOGE hit a low of $0.08694 early in today’s session. This is nearly 4% lower than Wednesday’s high of $0.09224.
The move sent Memecoin to its lowest level since Monday, and in the process took him closer to a three-week low of $0.0848.
chart, the recent floor with the 14-day Relative Strength Index (RSI) at the 47.50 mark.
At the time of writing, the index is tracking 42.40, with the lower bound of 40.00 being the next possible destination.
DOGE could trade near the $0.0840 level if this support point is reached.
Litecoin (LTC) is another noteworthy token that fell today with a price of 2 It has fallen for days in a row.
Following Wednesday’s high of $78.96,LTC/USD fell to a bottom of $74.07 earlier in the day.
As a result of this drop, litecoin has moved to its lowest point since November 28 when the price hit his $70.50 bottom.
Similar to Dogecoin above, today’s sell is at an RSI of 50.20. is close to the lower bound of 50.00.
Bulls anticipating a reversal may be optimistic about this and may re-enter at this point in the support.
However, if this lower bound is not firmly held,LTC is likely to approach a drop to $70.00.
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