Biggest Movers: ETC up 80% in the Last Week, as Loopring Gains 42% on Wednesday

Loopring was trading by implicit 42% connected Wednesday, overtaking QNT arsenic the world’s 65th largest crypto successful the process. This came arsenic ethereum classical was trading 10.30% higher connected the day, taking its 1 week summation to implicit 80%.

Loopring (LRC)

On Wednesday, loopring (LRC) roseate to its highest level successful 3 months, a determination which saw it cement itself arsenic the world’s 65th largest cryptocurrency.

Following a debased of $0.8075 connected Tuesday, LRC/USD rallied to an intraday precocious supra $1.21 during hump-day.

Today’s determination came arsenic LRC has consolidated for the past fewer months, moving betwixt enactment of $0.6222 and absorption of $0.8889.

LRC/USD – Daily Chart

However, prices yet broke retired of this scope today, coming aft bulls piled connected the pressure, erstwhile the level successful the 14-day RSI of 51.16 failed to break.

Looking astatine the chart, terms spot past roseate to a precocious supra 71, which is the astir overbought it has been since November.

Despite this, past has shown that the RSI tin spell to arsenic precocious arsenic 91, truthful though it is present comparatively overbought, determination could inactive beryllium further gains successful loopring (LRC).

Ethereum Classic (ETC)

Ethereum classical (ETC) was implicit 10% higher earlier successful the league connected Wednesday, arsenic prices continued to hover adjacent to a five-month high.

ETC/USD roseate to an intraday highest of $54.07 during Wednesday’s session, which was marginally beneath yesterday’s precocious of $54.37.

That was the astir ETC has traded since November past year, arsenic markets were falling from a then-high of $65 successful that month.

ETC/USD – Daily Chart

During the past 10 days, ETC has rallied from enactment of $25, gaining by astir $30 during that period, which is conscionable implicit an 80% emergence successful value.

This comes arsenic the 14-day RSI indicator roseate to its highest constituent since August, moving marginally supra the 86.04 level successful the process.

As seen from the existent chart, momentum has since slowed, with a selloff ensuing, arsenic traders apt took profits aft climbing to today’s peak.

Does this afternoon’s selloff awesome a reversal successful momentum for ETC? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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