Dogecoin rebounded from Wednesday’s decline, with the meme coin briefly rising above $0.090 during today’s session. However, as the day wore on, bearish sentiment grew and prices fell. Litecoin also fell today, trading near multi-week lows.
Dogecoin (DOGE)
Dogecoin (DOGE) was volatile on Thursday, with prices moving back into the red after an earlier rebound.
DOGE/USD fell to an intraday low of $0.08685 in today’s session, following an earlier high of $0.09297.
Meme coins have been volatile in recent sessions after a one-week bull run was interrupted on Wednesday.
The chart shows a large doji on today’s candlestick, with dogecoin currently trading near its opening price.
In addition to this, the Relative Strength Index (RSI) has hit the 53.00 mark, maintaining uncertainty.
If this floor is broken, DOGE will likely move toward the $0.08000 support point.
Litecoin (LTC)
Litecoin (LTC) traded near three-week lows in today’s session as the token moved below $100.00.
Following Wednesday’s high of $101.95,LTC/USD plunged to a low of $89.38 earlier today.
This is the lowest price Litecoin has hit since March 31, and bears may now be targeting a long-term bottom of $86.00.
As a result of today’s decline, the RSI has fallen to its own support point at 45.00.
If price strength falls below this point,is likely; LTCcould move closer to $80.00.
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