{"id":14993,"date":"2022-11-30T17:59:34","date_gmt":"2022-11-30T17:59:34","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-nears-6-month-high-as-near-rebounds-from-recent-lows-market-updates-bitcoin-news\/"},"modified":"2022-11-30T17:59:34","modified_gmt":"2022-11-30T17:59:34","slug":"ltc-nears-6-month-high-as-near-rebounds-from-recent-lows-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-nears-6-month-high-as-near-rebounds-from-recent-lows-market-updates-bitcoin-news\/","title":{"rendered":"LTC Nears 6-Month High, as Near Rebounds From Recent Lows \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high. Following yesterday\u2019s 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.<\/strong><\/p>\n

Litecoin<\/h2>\n

Litecoin (LTC<\/a>) moved closer to a six month high on Wednesday, as the token rose for a second straight session.<\/p>\n

LTC<\/a>\/USD rallied to an intraday high of $79.73 earlier in today\u2019s session, less than 24-hours after trading at a low of $75.21.<\/p>\n

The move saw LTC<\/a> climb to its highest point since last Wednesday, when the token hit a high of $83.43.<\/p>\n

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

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.<\/p>\n

As of writing this, the index is currently tracking at 65.48, which is above a support point of 61.45.<\/p>\n

Earlier gains have somewhat eased, with LTC<\/a> now trading at $78.04. Despite this, bulls likely will still be targeting a move above $80.00.<\/p>\n

Near Protocol<\/h2>\n

Near protocol (NEAR) was another notable gainer on Wednesday, as prices continued to move away from recent lows.<\/p>\n

Following a low of $1.59 on Tuesday, NEAR\/USD surged to an intraday high of $1.73 earlier today.<\/p>\n

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.<\/p>\n

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

Looking at the chart, the RSI is now hovering slightly above a ceiling of 35.00, and is tracking at 35.07.<\/p>\n

As of writing this, NEAR has fallen below earlier highs of $1.73, and is currently trading at $1.70.<\/p>\n

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.<\/p>\n

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

Could we see near protocol climb above $2.00 in December? 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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