Sunday, May 19, 2024

LTC, ETC 15% Larger, as Crypto Markets Rebound on Monday – Market Updates Bitcoin Information


Litecoin was again within the inexperienced on March 13, as cryptocurrency markets rebounded to begin the week. The token rose by as a lot as 15% in immediately’s session, with the worldwide crypto market cap buying and selling almost 10% increased. Ethereum traditional additionally moved considerably increased.

Litecoin (LTC)

Litecoin (LTC) rose by as a lot as 15% to begin the week, as cryptocurrency markets rebounded from latest losses.

LTC/USD surged to an intraday excessive of $79.53 earlier in immediately’s session, lower than 24 hours after hitting a low of $68.66.

The transfer noticed litecoin climb to its strongest level since final Friday, when the token was at a peak of $84.92.

Biggest Movers: LTC, ETC 15% Higher, as Crypto Markets Rebound on Monday
LTC/USD – Day by day Chart

Trying on the chart, one catalyst of the transfer seems to be the 14-day relative power index (RSI), which broke out of a latest resistance level.

As of writing, the index is monitoring at 41.05, following a transfer past the aforementioned ceiling at 40.00.

Ought to momentum proceed on this route, there’s a robust probability that LTC bulls will take value to a ceiling at $85.00.

Ethereum Traditional (ETC)

Along with LTC, ethereum traditional (ETC) additionally rebounded from latest lows throughout Monday’s session.

Following a low of $17.05 on Sunday, ETC/USD raced to a peak of $20.20 to begin the week.

This excessive has additionally acted as some extent of resistance in latest weeks, and since a collision earlier within the day, bullish momentum has marginally eased.

Biggest Movers: LTC, ETC 15% Higher, as Crypto Markets Rebound on Monday
ETC/USD – Day by day Chart

On the time of writing, ETC/USD is buying and selling at $19.65, which remains to be almost 15% increased than yesterday’s backside.

General, it seems that earlier bulls have moved to safe beneficial properties, because the RSI nears a ceiling of its personal at 48.00.

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

Will this uptrend proceed for the rest of the week? Tell us your ideas within the feedback.

Eliman Dambell

Eliman was beforehand a director of a London-based brokerage, while additionally a web based buying and selling educator. Presently, he commentates on varied asset lessons, together with Crypto, Shares and FX, while additionally a startup founder.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any harm or loss induced or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about on this article.



Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles