Litecoin (LTC)
Litecoin (LTC) recently rose above $100.00 for the first time since April, following its listing on EDX markets. The token hit an intraday peak of $102.38, marking its strongest point since April 18. Bulls broke through a resistance level of $98.00, and the relative strength index (RSI) also showed positive movement. The price strength of litecoin surged past the 62.00 mark, with a current reading of 65.43. If momentum continues, bulls may ease pressure closer to the upcoming level of 68.00.
Bitcoin Cash (BCH)
Bitcoin cash (BCH) saw significant gains for a second consecutive session, rising by over 20% to end the week. After reaching a low of $241.21, BCH/USD reached an intraday high of $312.77. This latest rally brought BCH to its strongest point since April 18 of the previous year. The RSI is currently at 86.97, indicating overbought conditions. The 10-day moving average has also moved significantly away from the 25-day moving average, suggesting a potential top. Bears may be waiting for the perfect time to reenter the market.
Your Hot Take
The recent surge in both Litecoin (LTC) and Bitcoin Cash (BCH) shows positive momentum for these cryptocurrencies. As a reader, it’s important to stay informed about these market movements and potentially take advantage of opportunities. However, it’s also crucial to exercise caution and carefully analyze the market before making any investment decisions. Keep an eye on the trends and indicators mentioned in this article to stay ahead in the crypto market.
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