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LTC Hits 2-Week High, as APE Extends Gains – Market Updates Bitcoin News

May 16, 2023
in Crypto Updates
Reading Time: 4 mins read
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Litecoin rose for a 3rd consecutive session on Tuesday, regardless of cryptocurrency markets largely falling decrease. The worldwide market cap is at the moment down by 1.28%, as general market uncertainty stays excessive. Apecoin additionally rallied, extending current positive factors.

Litecoin (LTC)

Litecoin (LTC) was as soon as once more within the inexperienced, because the token rose for a 3rd consecutive session.

LTC/USD surged to a peak of $89.68 in at present’s session, after beginning the week at a low at $86.42.

Tuesday’s rally has seen litecoin climb to its strongest level since April 30, which is the final time value was above $90.00.

Biggest Movers: LTC Hits 2-Week High, as APE Extends Gains
LTC/USD – Day by day Chart

From the chart, it seems that this degree is as soon as once more the goal for bulls, and will very probably be hit within the coming days.

After breaking out of a ceiling at 50.00, the relative power index (RSI) is now monitoring at 56.28.

The subsequent seen level of resistance is now on the 59.00 mark, and will this be hit, not solely will LTC be above $90.00, however probably nearer to 92.00.

Apecoin (APE)

Along with LTC, apecoin (APE) additionally surged on Tuesday, regardless of present market uncertainty.

Following a low of $3.33 to begin the week, APE rose to an intraday excessive of $3.45 earlier in at present’s session.

The achieve comes as APE broke out of a ceiling at $3.35, leading to value climbing to its highest level since Could 8.

Biggest Movers: LTC Hits 2-Week High, as APE Extends Gains
APE/USD – Day by day Chart

APE has fallen marginally decrease from earlier highs, as its RSI failed to beat a resistance level at 38.00.

On the time of writing, value power is on the 37.69 mark, with the value now at $3.42.

If bulls are in a position to break this wall, then there’s a good probability that APE may proceed its transfer in direction of $4.00.

Register your e-mail right here to get weekly value evaluation updates despatched to your inbox:

What’s behind the current apecoin rally? Tell us your ideas within the feedback.

Eliman Dambell

Eliman was beforehand a director of a London-based brokerage, while additionally an internet buying and selling educator. At the moment, he commentates on varied asset courses, together with Crypto, Shares and FX, while additionally a startup founder.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any harm or loss prompted or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

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