Biggest Movers: LTC Back Above $80, DOGE Extends Gains Following Inflation Report

1 week ago 2

Litecoin roseate by arsenic overmuch arsenic 15% successful Tuesday’s session, arsenic markets reacted to the latest ostentation study from the United States. Figures from the monthly Consumer Price Index showed that ostentation has fallen to 6% successful February, down from 6.4%. Dogecoin was besides higher connected the news, extending caller gains.

Litecoin (LTC)

Litecoin (LTC) was erstwhile again successful the green, arsenic prices of the token roseate supra $80.00 connected Tuesday.

Following a debased of $75.20 to commencement the week, LTC/USD surged to an intraday highest of $86.34 earlier today.

As a effect of the move, litecoin has risen to a seven-day high, breaking retired of a ceiling astatine $85.00 successful the process.

Overall, LTC is up astir $20.00 successful the past 4 days, since dropping to a bottommost astatine $65.39 connected Saturday.

The latest rally successful terms has pushed the 14-day comparative spot scale (RSI) to a speechmaking of 49.53, which is its highest constituent since March 2.

This is marginally supra a ceiling astatine 48.00, and should terms spot stay beyond this point, LTC bulls volition apt effort to scope $90.00.

Dogecoin (DOGE)

In summation to LTC, dogecoin (DOGE) besides extended caller gains, with the meme coin climbing for a 5th consecutive day.

DOGE/USD has risen to an intraday precocious of $0.07492 earlier connected Tuesday, which comes a time aft trading astatine a debased of $0.06866.

This rally comes arsenic dogecoin broke retired of a caller absorption level astatine $0.0730, with the RSI besides climbing supra a ceiling of its own.

At the clip of writing, terms spot is tracking astatine 47.15, which is good supra the aforementioned ceiling astatine 45.00.

In summation to this, the 10-day (red) moving mean is present firmly successful an uptrend, with a ceiling of $0.08000 a imaginable people for bulls.

Price spot is closing successful connected a ceiling astatine 50.00. However, should it flooded this point, DOGE could scope its intended target.

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Will this uptrend proceed for the remainder of the week? Let america cognize your thoughts successful the comments.

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