Litecoin was backmost successful the greenish connected March 13, arsenic cryptocurrency markets rebounded to commencement the week. The token roseate by arsenic overmuch arsenic 15% successful today’s session, with the planetary crypto marketplace headdress trading astir 10% higher. Ethereum classical besides moved importantly higher.
Litecoin (LTC) roseate by arsenic overmuch arsenic 15% to commencement the week, arsenic cryptocurrency markets rebounded from caller losses.
LTC/USD surged to an intraday precocious of $79.53 earlier successful today’s session, little than 24 hours aft hitting a debased of $68.66.
The determination saw litecoin ascent to its strongest constituent since past Friday, erstwhile the token was astatine a highest of $84.92.
Looking astatine the chart, 1 catalyst of the determination appears to beryllium the 14-day comparative spot scale (RSI), which broke retired of a caller absorption point.
As of writing, the scale is tracking astatine 41.05, pursuing a determination beyond the aforementioned ceiling astatine 40.00.
Should momentum proceed successful this direction, determination is simply a beardown accidental that LTC bulls volition instrumentality terms to a ceiling astatine $85.00.
Ethereum Classic (ETC)
In summation to LTC, ethereum classical (ETC) besides rebounded from caller lows during Monday’s session.
Following a debased of $17.05 connected Sunday, ETC/USD raced to a highest of $20.20 to commencement the week.
This precocious has besides acted arsenic a constituent of absorption successful caller weeks, and since a collision earlier successful the day, bullish momentum has marginally eased.
At the clip of writing, ETC/USD is trading astatine $19.65, which is inactive astir 15% higher than yesterday’s bottom.
Overall, it appears that erstwhile bulls person moved to unafraid gains, arsenic the RSI nears a ceiling of its ain astatine 48.00.
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Will this uptrend proceed for the remainder of the week? Let america cognize your thoughts successful the comments.