Litecoin raced to a ten-day high to begin the week, as markets returned from the Christmas vacation weekend. The token prolonged current gains to begin the week, and neared an essential resistance point while doing so. Xrp was also greater, as it also hit a cost ceiling.
Litecoin (LTC)
Litecoin (LTC) was among the noteworthy gainers on Monday, as the token raced to a ten-day high.
LTC/USD increased to a high of $70.83 to begin the week, which comes less than a day after striking a low of $65.54.
Today’s rise has actually taken litecoin to its acme considering that December 16, and better to an essential resistance level of $72.00.
As can be seen from the chart, Monday’s move comes as the 14-day relative strength index (RSI) increased above its own ceiling at 45.00.
The index is presently tracking at 51.79, with the next noticeable point of assistance at the 54.00 level.
Should the RSI reach this point, it is extremely most likely that rates will also hit a ceiling of $72.00.
XRP
XRP, previously ripple, also moved greater to begin the week, as the token hit an essential resistance point.
Following a low of $0.3447, XRP/USD struck a high of $0.356 earlier in today’s session, which is also a current cost ceiling.
Monday’s gain is the acme that XRP has actually struck considering that December 18, and comes as traders returned from the Christmas vacation weekend.
Looking at the chart, this relocation accompanied a current relocation beyond a ceiling on the RSI of 42.00.
As of composing, the index is now tracking at 43.45, which is its greatest point considering that December 15.
Ultimately, ought to this pattern continue, XRP might continue to relocation towards the $0.4000 mark.
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