Dogecoin rebounded from Wednesday’s decline, as the meme coin moved away from a key support level. Prices have been hovering close to a two-month low in recent days, with today’s surge bringing optimism to remaining bulls. Litecoin was also higher, as the token remained close to a one-week high.
Indhold
Dogecoin (DOGE)
Dogecoin (DOGE) was in the green on Thursday, as the meme coin rebounded from recent lows.
Efter en lav af $0.07283 Floridas guvernør Ron DeSantis siger, at staten 'finder ud af måder' til at tillade virksomheder at betale skat i Bitcoin, DOGE/USD raced to an intraday peak of $0.07736 tidligere på dagens session.
The move comes as prices rallied, following a recent collision with a support point at the $0.0715 level.
As can be seen from the chart, today’s move comes as the 14-day relative strength index (RSI) raced to a ceiling of 40.00.
Since this time, earlier gains have somewhat faded, with the meme coin trading at $0.07657 i skrivende stund.
Should price strength manage to climb above this threshold, then DOGE could rally to a ceiling near $0.0800.
Litecoin (LTC)
Litecoin (LTC) also rose on Thursday, as the token continued to trade near a one-week high.
LTC/USD hit a peak of $66.51 tidligere på dagens session, which comes less than a day after it was residing at a low of $65.09.
Today’s high is marginally below Tuesday’s top at $66.90, which was the highest point LTC had hit since last Friday.
Ser på diagrammet, the move comes despite the 10-day (red) moving average (MA) recently extending its downward cross with the 25-day (blue) MA.
Som i skrivende stund, the RSI is tracking at 39.67, which is below the next visible resistance line at 45.00.
Bulls will likely target this point, which could see LTC climb above the $70.00 price point.
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