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Biggest Movers: LTC Snaps Extended Bear Run, as LINK Hits 4-Day High

News Feed - 2022-12-21 02:12:05

Biggest Movers: LTC Snaps Extended Bear Run, as LINK Hits 4-Day High


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.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, Chainlink, LiNK, litecoin, LTC


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. Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,200 as Bank of Japan Policy Decision Impacts Markets MARKET UPDATES | 10 hours ago Biggest Movers: SHIB, XMR Extend Recent Gains on Monday MARKET UPDATES | 1 day ago


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