{"id":15504,"date":"2022-12-15T17:07:28","date_gmt":"2022-12-15T17:07:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/biggest-movers-doge-ltc-near-3-week-lows-on-thursday-market-updates-bitcoin-news\/"},"modified":"2022-12-15T17:07:28","modified_gmt":"2022-12-15T17:07:28","slug":"biggest-movers-doge-ltc-near-3-week-lows-on-thursday-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/biggest-movers-doge-ltc-near-3-week-lows-on-thursday-market-updates-bitcoin-news\/","title":{"rendered":"Biggest Movers:\u00a0DOGE, LTC Near 3-Week Lows on Thursday \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United States. Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since late November. <\/strong><\/p>\n

Dogecoin (DOGE)<\/h2>\n

Dogecoin (DOGE) remained in the red on Thursday, as prices fell for the ninth day out of the last eleven.<\/p>\n

The recent decline saw DOGE hit a low of $0.08694 earlier in today\u2019s session, which is nearly 4% lower than Wednesday\u2019s peak of $0.09224.<\/p>\n

This move saw the meme coin fall to its lowest point since Monday, nearing a three-week low of $0.0848 in the process.<\/p>\n

\"Biggest
DOGE\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, bearish sentiment has increased as the 14-day relative strength index (RSI) fell from its recent floor at the 47.50 mark.<\/p>\n

As of writing, the index is tracking at 42.40, with a floor of 40.00 the next possible destination.<\/p>\n

Should this point of support be reached, we will likely see DOGE trading near the $0.0840 level.<\/p>\n

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

Litecoin (LTC<\/a>) was another notable token to fall today, with prices moving lower for a second straight day.<\/p>\n

Following a high of $78.96 on Wednesday, LTC<\/a>\/USD dropped to a bottom of $74.07 earlier in the day.<\/p>\n

As a result of this drop, litecoin moved to its lowest point since November 28, when prices hit a bottom of $70.50.<\/p>\n

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

Like with dogecoin above, today\u2019s sell-off coincided with the RSI hitting a low of 50.20, which is close to a floor of 50.00.<\/p>\n

Bulls anticipating a reversal may look at this with some optimism, and could look to reenter at this point of support.<\/p>\n

However, should this floor fail to hold firm, then we will likely see LTC<\/a> edge closer to a drop below $70.00.<\/p>\n

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

Could we see litecoin rebound in the coming days? 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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