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Litecoin rose to its highest stage in over six weeks on Wednesday, because the token moved previous a key worth ceiling. At this time’s transfer comes regardless of cryptocurrency markets principally buying and selling decrease, forward of the Federal Open Market Committee (FOMC) assembly. Unus sed leo (LEO) was additionally greater, climbing for a ninth consecutive session.
Litecoin (LTC)
Litecoin (LTC) rose by as a lot as 10% on Wednesday, regardless of cryptocurrency markets principally buying and selling decrease.
Following a low of $54.64 throughout Tuesday’s session, LTC/USD surged to an intraday peak of $61.89.
The rally sees the token transfer previous a key resistance stage of $58.20, hitting its strongest level since mid-September within the course of.
As may be seen from the chart, the 14-day relative power index has additionally surged, and is now firmly in overbought territory.
The index is at present monitoring on the 69.32 stage, which is its highest level since final November.
Along with this, the 10-day (purple) has now continued its uptrend, sustaining its current crossover with its 25-day (blue) counterpart.
Ought to this momentum proceed, we might even see LTC bulls try to push the worth to a ceiling of $64.40.
Unus sed leo (LEO)
Unus sed leo (LEO) prolonged a formidable run of good points in in the present day’s session, as costs rose for a ninth straight day.
LEO/USD surged to a excessive of $4.66 earlier in the present day, which comes lower than a day after hovering at a low of $4.51.
Like with litecoin above, in the present day’s surge sees LEO transfer previous a key ceiling of $4.55, on its option to a multi-week excessive.
General, the token is now buying and selling at its highest level since September 23, with the RSI additionally considerably greater.
The index is at present monitoring at 66.14, which is its strongest stage within the final two months.
A resistance of 68.00 appears to be the goal of present bulls, and if reached, some merchants may transfer to safe earlier good points.
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