Crypto News

LTC Climbs to 10-Day High on Monday – Market Updates Bitcoin News

Litecoin raced to a ten-day excessive to begin the week, as markets returned from the Christmas vacation weekend. The token prolonged current beneficial properties to begin the week, and neared a key resistance level within the course of. Xrp was additionally greater, because it additionally collided with a value ceiling.

Litecoin (LTC)

Litecoin (LTC) was one of many notable gainers on Monday, because the token raced to a ten-day excessive.

LTC/USD rose to a excessive of $70.83 to begin the week, which comes lower than a day after hitting a low of $65.54.

Today’s surge has taken litecoin to its highest level since December 16, and nearer to a key resistance degree of $72.00.

Biggest Movers: LTC Climbs to 10-Day High on Monday
LTC/USD – Daily Chart

As might be seen from the chart, Monday’s transfer comes because the 14-day relative energy index (RSI) rose above its personal ceiling at 45.00.

The index is at the moment monitoring at 51.79, with the following seen level of help on the 54.00 degree.

Should the RSI attain this level, it’s extremely doubtless that costs may even collide with a ceiling of $72.00.

XRP, previously ripple, additionally moved greater to begin the week, because the token collided with a key resistance level.

Following a low of $0.3447, XRP/USD hit a excessive of $0.356 earlier in immediately’s session, which can be a current value ceiling.

Monday’s achieve is the very best level that XRP has hit since December 18, and comes as merchants returned from the Christmas vacation weekend.

Biggest Movers: LTC Climbs to 10-Day High on Monday
XRP/USD – Daily Chart

Looking on the chart, this transfer accompanied a current transfer past a ceiling on the RSI of 42.00.

As of writing, the index is now monitoring at 43.45, which is its strongest level since December 15.

Ultimately, ought to this development proceed, XRP may proceed to transfer in direction of the $0.4000 mark.

Register your e-mail right here to get weekly value evaluation updates despatched to your inbox:

Do you anticipate crypto markets to transfer greater heading into the brand new year? Let us know your ideas within the feedback.

Eliman Dambell

Eliman brings an eclectic perspective to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. Currently, he acts as a commentator throughout numerous asset lessons, together with Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational functions solely. It will not be a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or firms. doesn’t present funding, tax, authorized, or accounting recommendation. Neither the company nor the writer is accountable, instantly or not directly, for any injury or loss precipitated or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.

Back to top button