Litecoin fell for a 3rd consecutive session on Thursday, because the token continued to maneuver away from latest highs. Cryptocurrencies have been largely decrease in latest days, as merchants proceed to concern a world recession. Cosmos additionally remained in the crimson throughout at this time’s session.
Litecoin (LTC)
Litecoin (LTC) dropped to a ten-day low on Thursday, with the token falling for a 3rd straight session.
Following a excessive of $79.20 on Wednesday, LTC/USD moved to a low of $74.82 earlier in the day’s session.
Because of this, the token fell to its lowest level since November 29, when costs hit a backside of $73.39.
LTC/USD – Every day Chart
Wanting on the chart, it seems that litecoin bears are hoping to push costs in direction of a ground at $73.00.
This appears a risk, particularly with the 14-day relative power index (RSI) quick approaching a ground of its personal.
The index is at the moment monitoring at 57.10, and appears to be transferring in direction of a help level of 53.00.
Cosmos (ATOM)
One other notable token on Thursday has been cosmos (ATOM), which fell to a ten-day low earlier in the day.
ATOM/USD fell to a backside of $9.52 on Thursday, earlier than bulls reentered the market and acquired the latest dip.
Right now’s backside noticed cosmos commerce at its lowest degree since November 28, which was the final time the token hit its ground at $9.45.
ATOM/USD – Every day Chart
As of writing, ATOM has largely rebounded, and is at the moment buying and selling on the $9.71 degree.
Along with this, the RSI has bounced from a ground of its personal at 39.50, and is at the moment monitoring at 41.40.
Ought to momentum proceed in an upward path, ATOM bulls will possible goal a transfer above the $10.00 mark.
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