{"id":15275,"date":"2022-12-08T17:40:47","date_gmt":"2022-12-08T17:40:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-atom-extend-declines-hitting-10-day-lows-market-updates-bitcoin-news\/"},"modified":"2022-12-08T17:40:47","modified_gmt":"2022-12-08T17:40:47","slug":"ltc-atom-extend-declines-hitting-10-day-lows-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-atom-extend-declines-hitting-10-day-lows-market-updates-bitcoin-news\/","title":{"rendered":"LTC, ATOM Extend Declines, Hitting 10-Day Lows\u00a0 \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the red during today\u2019s session. <\/strong><\/p>\n

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

Litecoin (LTC<\/a>) dropped to a ten-day low on Thursday, with the token falling for a third straight session.<\/p>\n

Following a high of $79.20 on Wednesday, LTC<\/a>\/USD moved to a low of $74.82 earlier in the day\u2019s session.<\/p>\n

As a result of this, the token fell to its lowest point since November 29, when prices hit a bottom of $73.39.<\/p>\n

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

Looking at the chart, it appears that litecoin bears are hoping to push prices towards a floor at $73.00.<\/p>\n

This seems a possibility, especially with the 14-day relative strength index (RSI) fast approaching a floor of its own.<\/p>\n

The index is currently tracking at 57.10, and seems to be moving towards a support point of 53.00.<\/p>\n

Cosmos (ATOM<\/a>)<\/h2>\n

Another notable token on Thursday has been cosmos (ATOM<\/a>), which fell to a ten-day low earlier in the day.<\/p>\n

ATOM<\/a>\/USD fell to a bottom of $9.52 on Thursday, before bulls reentered the market and bought the recent dip.<\/p>\n

Today\u2019s bottom saw cosmos trade at its lowest level since November 28, which was the last time the token hit its floor at $9.45.<\/p>\n

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

As of writing, ATOM<\/a> has mostly rebounded, and is currently trading at the $9.71 level.<\/p>\n

In addition to this, the RSI has bounced from a floor of its own at 39.50, and is currently tracking at 41.40.<\/p>\n

Should momentum continue in an upward direction, ATOM<\/a> bulls will likely target a move above the $10.00 mark.<\/p>\n

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

Do you expect cosmos to move above $10.00 this week? 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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