Biggest Movers: BCH Hits 1-Year High, as EDX Markets Rally Intensifies

Bitcoin currency roseate to a one-year precocious connected Tuesday, arsenic traders continued to bargain the token pursuing past week’s EDX markets listing. The recently formed exchange, which is backed by the likes of Citadel, Sequoia Capital and Fidelity, listed the coin successful its offering. Litecoin was different token added to the exchange.

Bitcoin Cash (BCH)

Bitcoin currency (BCH) was 1 of Tuesday’s notable gainers, arsenic the token surged to a one-year high.

Following a debased of $197.30 to commencement the week, BCH/USD raced to an intraday highest of $236.64 earlier successful the day.

As a effect of today’s highest bitcoin currency moved astir 18% higher, hitting its strongest constituent since May 2022 successful the process.

From the chart, a breakout supra a ceiling astatine 80.00 connected the comparative spot scale (RSI) appears to beryllium 1 of the reasons for today’s surge.

The scale is present tracking astatine 82.55, which is heavy successful overbought territory, and comes arsenic terms roseate by 120% successful the past 7 days.

Bears are apt already circling the token, anticipating a imaginable alteration successful absorption successful the coming days.

Litecoin (LTC)

Litecoin (LTC) was different token to beryllium listed connected the EDX platform, nevertheless prices person not risen to the grade of BCH.

LTC/USD snapped a three-day losing streak connected Tuesday, climbing to a highest of $89.90 earlier successful the day.

This comes little than 24 hours aft the cryptocurrency fell to a bottommost astatine $86.42, contempt a caller crossover of moving averages.

The 10-day (red) moving mean roseate supra its 25-day (blue) counterpart, which typically signals bullish momentum.

In bid for this to genuinely materialize, a breakout of an upcoming ceiling astatine 58.00 connected the RSI volition request to occur.

As of writing, terms spot is present tracking astatine 56.30.

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What other is down the caller rally successful bitcoin cash? Let america cognize your thoughts successful the comments.