Litecoin returned to the green on March 13 as the cryptocurrency market rebounded earlier in the week. The token rose as much as 15% in today’s session, with the global crypto market cap tradLitecoin returned to the green on March 13 as the cryptocurrency market rebounded earlier in the week. The token rose as much as 15% in today’s session, with the global crypto market cap trading nearly 10% higher. Ethereum Classic also rose significantly.ing nearly 10% higher. Ethereum Classic also rose significantly.
Litecoin (Litecoin (LTCLTC
Litecoin (Litecoin (LTCLTC) rose as much as 15% on the wee) rose as much as 15% on the week as the cryptocurrency market rebounded from its recent losses.k as the cryptocurrency market rebounded from its recent losses.
LTCLTC/USD surged to an intraday high of $79.53 earlier in the /USD surged to an intraday high of $79.53 earlier in the session today, less than 24 hours after hitting a low of $68.66.session today, less than 24 hours after hitting a low of $68.66.
The move took the liteThe move took the lite coin to its strongest level since last Friday’s peak at $84.92. coin to its strongest level since last Friday’s peak at $84.92.
The chart shows that one of the triggers for the move was the 14-day Relative StThe chart shows that one of the triggers for the move was the 14-day Relative Strength Index (RSI) breaking through the recent resistance point.rength Index (RSI) breaking through the recent resistance point.
As of this writing, the index is at As of this writing, the index is at 41.05 following the move above the aforementioned 40.00 ceiling.41.05 following the move above the aforementioned 40.00 ceiling.
If momentum continues, it is likely thatIf momentum continues, it is likely thatLTCLTC bulls will take the price to the $85.00 ceiling. bulls will take the price to the $85.00 ceiling.
In addition to Ethereum Classic (In addition to Ethereum Classic (ETCETC))
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LTCLTCalso rebounded from its recent lows in Monday’s session.also rebounded from its recent lows in Monday’s session.
following the day’s low of $17.05,following the day’s low of $17.05,ETCETC/USD ran up to a peak of $20.20 earlier in the week./USD ran up to a peak of $20.20 earlier in the week.
This high has also served as a resistance point for the past few weeks, with buThis high has also served as a resistance point for the past few weeks, with bullish momentum weakening slightly since the early morning clash.llish momentum weakening slightly since the early morning clash.
At the time of writing,At the time of writing,. the ETC. the ETC/USD is tra/USD is trading at $19.65, still nearly 15% higher than yesterday’s bottom.ding at $19.65, still nearly 15% higher than yesterday’s bottom.
Overall, the RSI is approaching the 48.00 ceiliOverall, the RSI is approaching the 48.00 ceiling, suggesting that previous bulls have moved to secure profits.ng, suggesting that previous bulls have moved to secure profits.
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