Litecoin rallied to a three-week excessive on Nov. 22, regardless of the worldwide cryptocurrency market cap principally residing within the pink. As of writing, the crypto market is down 1.11%, nonetheless, litecoin is up by over 12%. One other notable gainer has been chainlink, which rose for a second straight session.
Litecoin (LTC)
Litecoin (LTC) was an enormous mover on Tuesday, because the token rose by as a lot as 12% earlier within the session.
Following a low of $60.04 to begin the week, LTC/USD raced to an intraday peak of $68.36 in the present day.
The surge in worth despatched the token to its highest degree since November 7, when worth was at $73.00.
Wanting on the chart, in the present day’s rally additionally comes as LTC moved previous a key resistance level of $64.50.
Along with this, the 14-day relative power index (RSI) broke out of a ceiling of its personal at 61.00, and is at present monitoring at 62.01.
Bulls will doubtless look to take care of this present momentum, with a goal of $70.00 a possible exit level.
Chainlink (LINK)
Chainlink (LINK) was one other notable mover in in the present day’s session, with costs shifting greater for a second straight session.
LINK/USD moved to a peak of $6.29 earlier within the day, which comes lower than 24 hours after residing at a low of $5.58.
The transfer noticed the token proceed to maneuver away from a latest flooring of $5.85, on its option to a five-day excessive.
As of writing, LINK is buying and selling over 7% greater, with bullish momentum gaining, following a breakout of a key ceiling on the RSI indicator.
The index is at present monitoring at 45.31, which is marginally above the aforementioned ceiling of 44.00.
Merchants now appear to be concentrating on a ceiling of $6.50, a degree that hasn’t been hit since November 16.
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