Litecoin was one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session. This came despite the global crypto market cap shifting lower, down 1.65% as of writing. Dogecoin was also higher, as the meme coin rebounded from Wednesday’s losses.
Litecoin (LTC) has been one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session.
LTC/USD raced to an intraday high of $91.70 in today’s session, a day after falling to a low of $79.95.
As a result of the move, LTC climbed to its strongest point since March 3, when the token reached a peak of $95.49.
Overall, the move has pushed the 10-day (red) moving average closer to an upwards crossover with the 25-day (blue) moving average.
Although some will be anticipating a cross, there appears to be a hurdle in place, which comes in the form of a ceiling on the relative strength index (RSI).
At the time of writing, the index is tracking at 55.35, which is marginally below the aforementioned resistance zone at 56.00.
Dogecoin (DOGE) was also higher in today’s session, as the meme coin rose to a five-day high.
Following a low of $0.07213 on Wednesday, DOGE/USD rose to a peak of $0.07819 earlier today.
The move saw DOGE rebound from yesterday’s losses, hitting its highest point since last Saturday in the process.
Looking at the chart, today’s surge has sent the 10-day (red) moving average to the brink of a cross with its 25-day (blue) counterpart.
This typically is a sign of upcoming rallies, which like with LTCwill have to come once the RSI breaks free of a current point of resistance.
Price strength is currently tracking at 51.38, which is slightly below a ceiling at the 52.00 mark.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect dogecoin to move higher in upcoming days? Let us know your thoughts in the comments.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.