Litecoin snapped a latest bear run on Tuesday, as cryptocurrency costs moved marginally greater. The token was up by almost 3% in right this moment’s session, ending a six-day shedding streak within the course of. Chainlink was additionally within the inexperienced, because it rebounded from a key help level.
Litecoin (LTC)
Litecoin (LTC) snapped a six-day shedding streak on Tuesday, as costs rose by as a lot as 3%.
LTC/USD moved away from a one-month low of $61.00, hitting a excessive of $65.60 earlier in right this moment’s session.
The transfer got here as bullish strain intensified as soon as the token hit a key help level of $63.50.
LTC/USD – Every day Chart
Trying on the chart, the 14-day relative energy index (RSI) additionally rose, shifting away from its long-term ground of 33.50.
Since shifting away from yesterday’s six-month low, the index is now monitoring on the 37.46 mark.
The following seen resistance appears to be the 46.00 degree, and if hit, LTC will probably be buying and selling above $70.00.
Chainlink (LINK)
Chainlink (LINK) was one other notable gainer in right this moment’s session, as costs surged to a four-day excessive.
Following a low of $5.75 to begin the week, LINK/USD climbed to a peak of $6.10 earlier right this moment.
This rally has pushed the token to its highest level since Friday, when it was buying and selling at a high of $6.54.
LINK/USD – Every day Chart
Just like litecoin, right this moment’s transfer noticed costs transfer away from a four-week low, rising from a latest ground within the course of.
LINK rallied on the $5.80 help, which got here because the RSI rose above a ceiling on the 37.00 degree.
As of writing, the index is monitoring at 39.81, with LINK/USD buying and selling at $6.06.
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Eliman Dambell
Eliman brings an eclectic perspective to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. Presently, he acts as a commentator throughout numerous asset lessons, together with Crypto, Shares and FX.
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