Litecoin raced to a nine-month excessive on Feb. 1, following a breakout of a key resistance stage. The surge in worth comes as the worldwide cryptocurrency market cap rose marginally greater immediately, and is up by 0.57% as of writing. Cosmos was one other notable mover, with costs up for a second straight session.
Litecoin (LTC)
Litecoin (LTC) surged to a nine-month excessive on Wednesday, as costs rose previous a key resistance stage.
LTC/USD hit a peak of $97.73 earlier in immediately’s session, lower than 24 hours after buying and selling at a low of $93.05.
On account of the surge, litecoin rose to its strongest level since Could 5, when costs have been at a excessive of $106.86.
Trying on the chart, the transfer passed off following a breakout of a ceiling at $95.50, and got here because the relative energy index (RSI) collided with a resistance of its personal.
As of writing, the index is monitoring at 65.96, which is marginally under a resistance stage at 66.00.
Since approaching this level, earlier beneficial properties have considerably declined, with LTC now buying and selling at $95.58.
Cosmos (ATOM)
Cosmos (ATOM) was one other notable mover in immediately’s session, with the token climbing for a second straight day.
Following a low of $13.15 on Tuesday, ATOM/USD moved to a peak of $13.84 earlier within the day.
Wednesday’s rally noticed cosmos transfer above a ceiling at $13.50, nearing its highest level since November 8 within the course of.
While this resistance stage was damaged, the 14-day RSI was approaching one among its personal at 66.00.
As of writing, the index is monitoring at 61.77, after it bounced from a help level at 58.00
Ought to this ceiling at 66.00 be hit, it’s probably that ATOM may very well be buying and selling above the $14.00 mark.
Register your e mail right here to get weekly worth evaluation updates despatched to your inbox:
Do you anticipate cosmos to climb previous $14.00 this week? Tell us your ideas within the feedback.
https://information.bitcoin.com/biggest-movers-ltc-races-to-9-month-high-atom-extends-recent-gains/