Biggest Movers: LTC Nears 6-Month High, as Near Rebounds From Recent Lows
Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high. Following yesterday’s gains, cryptocurrency prices remained in the green on Wednesday, with the global market capitalization up 2.07% as of writing this. Near protocol also surged today, as prices rebounded from recent lows. Litecoin
Litecoin (LTC) moved closer to a six month high on Wednesday, as the token rose for a second straight session.
LTC/USD rallied to an intraday high of $79.73 earlier in today’s session, less than 24-hours after trading at a low of $75.21.
The move saw LTC climb to its highest point since last Wednesday, when the token hit a high of $83.43. LTC/USD – Daily Chart
This was the strongest point litecoin was trading at since May 10, and comes as the relative strength index (RSI) rebounded from a recent floor.
As of writing this, the index is currently tracking at 65.48, which is above a support point of 61.45.
Earlier gains have somewhat eased, with LTC now trading at $78.04. Despite this, bulls likely will still be targeting a move above $80.00. Near Protocol
Near protocol (NEAR) was another notable gainer on Wednesday, as prices continued to move away from recent lows.
Following a low of $1.59 on Tuesday, NEAR/USD surged to an intraday high of $1.73 earlier today.
As a result of this, near protocol moved away from its long-term support point of $1.50, and is now nearing a resistance point of $1.75. NEAR/USD – Daily Chart
Looking at the chart, the RSI is now hovering slightly above a ceiling of 35.00, and is tracking at 35.07.
As of writing this, NEAR has fallen below earlier highs of $1.73, and is currently trading at $1.70.
Should price strength continue to move above its current ceiling, we will likely see the token race past the $1.75 point, and edge closer to $2.00.
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Could we see near protocol climb above $2.00 in December? 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. Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December MARKET UPDATES | 2 hours ago Bitcoin, Ethereum Technical Analysis: BTC Moves Above $17,000 on Wednesday MARKET UPDATES | 10 hours ago
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