Litecoin Skyrockets to Multi-Month High, Dogecoin Surges to Three-Week Peak

Jul 1, 2023 9:05 AM

Litecoin (LTC)

Litecoin (LTC) experienced a significant surge in the cryptocurrency market, reaching its highest point since April 7 last year. The token started the day at a low of $91.73 but quickly rallied to an intraday high of $111.76. However, it has since retreated and is currently trading at $110.17.

Key Points:
– LTC/USD reached its highest point since April 7, 2020, at $116.00.
– Litecoin broke through the 61.00 ceiling on the RSI and surpassed the 68.00 level.
– Despite the retreat, LTC remains strong and continues to trade above $110.00.

Dogecoin (DOGE)

Dogecoin (DOGE) also experienced a notable gain, reaching a three-week high. After falling to $0.06264, DOGE/USD jumped to a peak of $0.07079, a nearly 5% increase. However, it has dropped slightly and is currently trading at $0.06835.

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Key Points:
– DOGE/USD reached its highest level since June 10 at $0.07079.
– Dogecoin encountered resistance at the $0.07000 level before dropping lower.
– The RSI for DOGE is hovering around 56.00, just above the 55.00 ceiling.

Hot Take:
Both Litecoin and Dogecoin have seen significant gains in the cryptocurrency market. While Litecoin reached its highest point in over a year, Dogecoin reached a three-week high. These increases indicate a positive trend for these tokens, but they still face challenges in maintaining their momentum.

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