Litecoin is gaining momentum and is moving away from its lowest level in six weeks

I jumped Litecoin (LTC) Back above $80.00 earlier, and continued to move away from recent lows.

Read also: Silo coin price analysis

It hit a recent low of $78.18, and the LTC/USD pair rallied to an intraday high of $81.97 on Thursday.

On the other hand, a boom saw a currency rise Litecoin From a six-week low of $75.32, the cryptocurrency broke through the lows of $77.00.

Litecoin is gaining momentum and is moving away from its lowest level in six weeks

Looking at the chart, it has pushed up today’s rally RSI relative strength indicator towards the resistance level of 39.00, and the index was at $37.95 at the time of writing, with a decrease Litecoin LTC from its previous high, trading at $80.84.

The bulls are likely to target $85.00, but there are also likely to be some hurdles in the form of upcoming resistance points.

Cardano (ADA) Price Analysis

coin rose Cardano ADA Also marginally, as prices traded near a key support level on Wednesday, and the ADA/USD pair hit a high of $0.3727 earlier during yesterday’s session.

Thursday’s marginal gains also saw the currency rise Cardano ADA Above $0.3580, however, the previous momentum had somewhat faded.

Litecoin is gaining momentum and is moving away from its lowest level in six weeks

On the other hand, the gains seem to have been reversed by a collision RSI relative strength indicator At the 41.00 mark, price strength is now concentrated at 37.06, after failing to break out from the above resistance.

Also read: Whales flock to buy Cardano, taking advantage of the price drop

In addition, it is now trading at $0.3613, with downside pressure significantly higher than it was earlier in the day.

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