Biggest Movers: LTC up 12%, Hitting a 3-Week High

1 year ago

Litecoin rallied to a three-week precocious connected Nov. 22, contempt the planetary cryptocurrency marketplace headdress mostly residing successful the red. As of writing, the crypto marketplace is down 1.11%, however, litecoin is up by implicit 12%. Another notable gainer has been chainlink, which roseate for a 2nd consecutive session.

Litecoin (LTC)

Litecoin (LTC) was a large mover connected Tuesday, arsenic the token roseate by arsenic overmuch arsenic 12% earlier successful the session.

Following a debased of $60.04 to commencement the week, LTC/USD raced to an intraday highest of $68.36 today.

The surge successful terms sent the token to its highest level since November 7, erstwhile terms was astatine $73.00.

LTC/USD – Daily Chart

Looking astatine the chart, today’s rally besides comes arsenic LTC moved past a cardinal absorption constituent of $64.50.

In summation to this, the 14-day comparative spot scale (RSI) broke retired of a ceiling of its ain astatine 61.00, and is presently tracking astatine 62.01.

Bulls volition apt look to support this existent momentum, with a people of $70.00 a imaginable exit point.

Chainlink (LINK)

Chainlink (LINK) was different notable mover successful today’s session, with prices moving higher for a 2nd consecutive session.

LINK/USD moved to a highest of $6.29 earlier successful the day, which comes little than 24 hours aft residing astatine a debased of $5.58.

The determination saw the token proceed to determination distant from a caller level of $5.85, connected its mode to a five-day high.

LINK/USD – Daily Chart

As of writing, LINK is trading implicit 7% higher, with bullish momentum gaining, pursuing a breakout of a cardinal ceiling connected the RSI indicator.

The scale is presently tracking astatine 45.31, which is marginally supra the aforementioned ceiling of 44.00.

Traders present look to beryllium targeting a ceiling of $6.50, a level that hasn’t been deed since November 16.

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Could we spot chainlink determination beyond $6.50 successful the coming days? Let america cognize your thoughts successful the comments.

Eliman Dambell

Eliman brings an eclectic constituent of presumption to marketplace analysis, helium was antecedently a brokerage manager and retail trading educator. Currently, helium acts arsenic a commentator crossed assorted plus classes, including Crypto, Stocks and FX.

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