Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains

Litecoin raced to a nine-month precocious connected Feb. 1, pursuing a breakout of a cardinal absorption level. The surge successful terms comes arsenic the planetary cryptocurrency marketplace headdress roseate marginally higher today, and is up by 0.57% arsenic of writing. Cosmos was different notable mover, with prices up for a 2nd consecutive session.

Litecoin (LTC)

Litecoin (LTC) surged to a nine-month precocious connected Wednesday, arsenic prices roseate past a cardinal absorption level.

LTC/USD deed a highest of $97.73 earlier successful today’s session, little than 24 hours aft trading astatine a debased of $93.05.

As a effect of the surge, litecoin roseate to its strongest constituent since May 5, erstwhile prices were astatine a precocious of $106.86.

LTC/USD – Daily Chart

Looking astatine the chart, the determination took spot pursuing a breakout of a ceiling astatine $95.50, and came arsenic the comparative spot scale (RSI) collided with a absorption of its own.

As of writing, the scale is tracking astatine 65.96, which is marginally beneath a absorption level astatine 66.00.

Since approaching this point, earlier gains person somewhat declined, with LTC present trading astatine $95.58.

Cosmos (ATOM)

Cosmos (ATOM) was different notable mover successful today’s session, with the token climbing for a 2nd consecutive day.

Following a debased of $13.15 connected Tuesday, ATOM/USD moved to a highest of $13.84 earlier successful the day.

Wednesday’s rally saw cosmos determination supra a ceiling astatine $13.50, nearing its highest constituent since November 8 successful the process.

ATOM/USD – Daily Chart

Whilst this absorption level was broken, the 14-day RSI was approaching 1 of its ain astatine 66.00.

As of writing, the scale is tracking astatine 61.77, aft it bounced from a enactment constituent astatine 58.00

Should this ceiling astatine 66.00 beryllium hit, it is apt that ATOM could beryllium trading supra the $14.00 mark.

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Do you expect cosmos to ascent past $14.00 this week? Let america cognize your thoughts successful the comments.

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