Biggest Movers:  LTC Hits 6-Week High, as LEO Rises for the Ninth Straight Day

Litecoin roseate to its highest level successful implicit six weeks connected Wednesday, arsenic the token moved past a cardinal terms ceiling. Today’s determination comes contempt cryptocurrency markets mostly trading lower, up of the Federal Open Market Committee (FOMC) meeting. Unus sed leo (LEO) was besides higher, climbing for a ninth consecutive session.

Litecoin (LTC)

Litecoin (LTC) roseate by arsenic overmuch arsenic 10% connected Wednesday, contempt cryptocurrency markets mostly trading lower.

Following a debased of $54.64 during Tuesday’s session, LTC/USD surged to an intraday highest of $61.89.

The rally sees the token determination past a cardinal absorption level of $58.20, hitting its strongest constituent since mid-September successful the process.

LTC/USD – Daily Chart

As tin beryllium seen from the chart, the 14-day comparative spot scale has besides surged, and is present firmly successful overbought territory.

The scale is presently tracking astatine the 69.32 level, which is its highest constituent since past November.

In summation to this, the 10-day (red) has present continued its uptrend, maintaining its caller crossover with its 25-day (blue) counterpart.

Should this momentum continue, we whitethorn spot LTC bulls effort to propulsion the terms to a ceiling of $64.40.

Unus sed leo (LEO)

Unus sed leo (LEO) extended an awesome tally of gains successful today’s session, arsenic prices roseate for a ninth consecutive day.

LEO/USD surged to a precocious of $4.66 earlier today, which comes little than a time aft hovering astatine a debased of $4.51.

Like with litecoin above, today’s surge sees LEO determination past a cardinal ceiling of $4.55, connected its mode to a multi-week high.

LEO/USD – Daily Chart

Overall, the token is present trading astatine its highest constituent since September 23, with the RSI besides substantially higher.

The scale is presently tracking astatine 66.14, which is its strongest level successful the past 2 months.

A absorption of 68.00 seems to beryllium the people of existent bulls, and if reached, immoderate traders could determination to unafraid erstwhile gains.

Register your email present to get play terms investigation updates sent to your inbox:

Do you expect immoderate important gains successful crypto markets aft today’s FOMC meeting? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.