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 (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.
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) 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.
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.
Register your email here to get weekly price analysis updates sent to your inbox:
Could we see near protocol climb above $2.00 in December? Let us know your thoughts in the comments.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Credit: Source link