Biggest Movers: LTC Rallies to 1-Week High, as UNI Snaps Recent Losses

Litecoin rallied to a one-week precocious connected Friday, arsenic the token roseate for a 2nd consecutive session. The determination saw prices ascent by adjacent to 8% earlier successful the day, and comes arsenic crypto markets mostly traded higher. Uniswap besides gained, rebounding from caller losses.

Litecoin (LTC)

Litecoin (LTC) was a notable gainer connected Friday, arsenic the token surged by arsenic overmuch arsenic 8% successful today’s session.

Following a debased of $60.29 connected Thursday, LTC/USD raced to an intraday precocious of $63.61 earlier successful the day.

As a effect of today’s rally, litecoin moved adjacent to a cardinal absorption level, hitting its highest constituent since past Friday successful the process.

LTC/USD – Daily Chart

Looking astatine the chart, prices did not yet collide with the aforementioned ceiling of $64.00, which was past breached 10 days ago.

This comes arsenic the 14-day comparative spot scale (RSI) deed a cardinal absorption level of 57.00, starring earlier bulls to wantonness their positions.

As of writing, LTC is present tracking astatine $62.77.

Uniswap (UNI)

Uniswap (UNI) rebounded successful today’s session, snapping a two-day downtrend successful the process.

UNI/USD deed a highest of $6.03 earlier successful the day, which comes little than 24 hours aft hitting a debased of $5.74.

This surge comes arsenic bulls rejected a breakout of a level astatine $5.70 connected Thursday, with the people present seemingly a absorption of $6.50.

UNI/USD – Daily Chart

In bid to recapture this point, UNI traders volition archetypal request to flooded an upcoming ceiling connected the RSI indicator.

As of writing, the scale is tracking astatine 45.16, which is nether its aforementioned absorption of 48.90.

Bulls volition apt request to beryllium cautious, arsenic the momentum of the 10-day (red) moving mean appears to inactive beryllium bearish.

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Could we spot a displacement successful momentum for uniswap this weekend? Let america cognize your thoughts successful the comments.

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