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LTC Snaps Extended Bear Run, as LINK Hits 4-Day High – Market Updates Bitcoin News

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Litecoin snapped a recent bear run on Tuesday, as cryptocurrency prices moved marginally higher. The token was up by nearly 3% in today’s session, ending a six-day losing streak in the process. Chainlink was also in the green, as it rebounded from a key support point.

Litecoin (LTC)

Litecoin (LTC) snapped a six-day losing streak on Tuesday, as prices rose by as much as 3%.

LTC/USD moved away from a one-month low of $61.00, hitting a high of $65.60 earlier in today’s session.

The move came as bullish pressure intensified once the token hit a key support point of $63.50.

LTC/USD – Daily Chart

Looking at the chart, the 14-day relative strength index (RSI) also rose, moving away from its long-term floor of 33.50.

Since moving away from yesterday’s six-month low, the index is now tracking at the 37.46 mark.

The next visible resistance seems to be the 46.00 level, and if hit, LTC will likely be trading above $70.00.

Chainlink (LINK)

Chainlink (LINK) was another notable gainer in today’s session, as prices surged to a four-day high.

Following a low of $5.75 to start the week, LINK/USD climbed to a peak of $6.10 earlier today.

This rally has pushed the token to its highest point since Friday, when it was trading at a top of $6.54.

LINK/USD – Daily Chart

Similar to litecoin, today’s move saw prices move away from a four-week low, rising from a recent floor in the process.

LINK rallied at the $5.80 support, which came as the RSI rose above a ceiling at the 37.00 level.

As of writing, the index is tracking at 39.81, with LINK/USD trading at $6.06.

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Do you expect chainlink to move to a ceiling of $6.50 before the end of the year? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Read More: LTC Snaps Extended Bear Run, as LINK Hits 4-Day High – Market Updates Bitcoin News

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