Litecoin (LTC)
Litecoin (LTC) is experiencing a positive upward trend, moving away from its recent low. After hitting a bottom at $64.33, LTC/USD reached a peak of $66.70. This marks the third consecutive session of gains for Litecoin, which has been mostly in the green since last week’s session.
- LTC/USD jumped to an intraday peak of $66.70
- 14-day relative strength index (RSI) dropped below 20.00
- RSI currently at 21.13, slightly below resistance level of 23.00
- Next price target for Litecoin is $70.00
Ethereum Classic (ETC)
Ethereum Classic (ETC) also saw an increase in value, following a recent drop below $15.00. ETC/USD reached a high of $15.90, bouncing back from a low of $15.38 within 24 hours.
- ETC/USD rose to a high of $15.90
- Price strength on ETC currently at around 28.00
- Next obstacle for ETC is a ceiling at 29.00
- If ETC surpasses this hurdle, it could reach above $16.00
Hot Take
LTC and ETC are showing positive signs of recovery after recent dips. While there are still resistance levels to overcome, the upward momentum suggests that both cryptocurrencies have the potential to increase in value. If you are a crypto reader, it may be worth keeping an eye on LTC and ETC as they continue to move away from their recent lows.
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