{"id":14609,"date":"2022-11-18T21:25:48","date_gmt":"2022-11-18T21:25:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-rallies-to-1-week-high-as-uni-snaps-recent-losses-market-updates-bitcoin-news\/"},"modified":"2022-11-18T21:25:48","modified_gmt":"2022-11-18T21:25:48","slug":"ltc-rallies-to-1-week-high-as-uni-snaps-recent-losses-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-rallies-to-1-week-high-as-uni-snaps-recent-losses-market-updates-bitcoin-news\/","title":{"rendered":"LTC Rallies to 1-Week High, as UNI Snaps Recent Losses \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Litecoin rallied to a one-week high on Friday, as the token rose for a second consecutive session. The move saw prices climb by close to 8% earlier in the day, and comes as crypto markets mostly traded higher. Uniswap also gained, rebounding from recent losses.<\/strong><\/p>\n

Litecoin (LTC<\/a>)<\/h2>\n

Litecoin (LTC<\/a>) was a notable gainer on Friday, as the token surged by as much as 8% in today\u2019s session.<\/p>\n

Following a low of $60.29 on Thursday, LTC<\/a>\/USD raced to an intraday high of $63.61 earlier in the day.<\/p>\n

As a result of today\u2019s rally, litecoin moved close to a key resistance level, hitting its highest point since last Friday in the process.<\/p>\n

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LTC<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, prices did not yet collide with the aforementioned ceiling of $64.00, which was last broken ten days ago.<\/p>\n

This comes as the 14-day relative strength index (RSI) hit a key resistance level of 57.00, leading earlier bulls to abandon their positions.<\/p>\n

As of writing, LTC<\/a> is now tracking at $62.77.<\/p>\n

Uniswap (UNI)<\/h2>\n

Uniswap (UNI) rebounded in today\u2019s session, snapping a two-day downtrend in the process.<\/p>\n

UNI\/USD hit a peak of $6.03 earlier in the day, which comes less than 24 hours after hitting a low of $5.74.<\/p>\n

This surge comes as bulls rejected a breakout of a floor at $5.70 on Thursday, with the target now seemingly a resistance of $6.50.<\/p>\n

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UNI\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

In order to recapture this point, UNI traders will first need to overcome an upcoming ceiling on the RSI indicator.<\/p>\n

As of writing, the index is tracking at 45.16, which is under its aforementioned resistance of 48.90.<\/p>\n

Bulls will likely need to be cautious, as the momentum of the 10-day (red) moving average appears to still be bearish.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Could we see a shift in momentum for uniswap this weekend? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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