Litecoin returned above $80.00 on Wednesday, as the token climbed far from its lowest level in six weeks. Today’s price rally sees the cryptocurrency rally for the third day in a row, despite recent market volatility. Cardano was also marginally higher.
litecoin (LTC)
litecoin (LTC) jumped back above $80.00 earlier in today’s session, as the token continued to move away from its recent lows.
After yesterday’s low of $78.18, LTC/ The US dollar rose to an intraday high of $81.97 on Thursday.
The surge saw litecoin rally from a six-week low of $75.32, which sent the cryptocurrency breaking through the lows of $77.00.
Looking at the chart, today’s rally pushed the Relative Strength Index (RSI) towards the 39.00 resistance level.
At the time of writing, the index is currently tracking at 37.95, with LTC Retreating from its previous highs and trading at 80.84 USD.
The market bulls will likely target a ceiling at $85.00, but there are likely to be some hurdles in the form of resistance points coming up.
cardano (ADA)
cardano (ADA) was also marginally higher, with prices trading near a key support level on Wednesday.
ADAThe US dollar recorded a high of $0.3727 earlier in the day, which comes after the low of $0.3574 during yesterday’s session.
Thursday’s marginal gain saw Cardano rise above the $0.3580 low, but the previous momentum has faded somewhat.
It appears that the gains were reversed as the RSI hit a ceiling at the 41.00 mark.
Price strength is now at level 37.06, after failing to break out of the above resistance.
ADA It is now trading at $0.3613, with downward pressure much higher than it was earlier in the day.
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Could Cardano fall more this week? Let us know your thoughts in the comments.
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