{"id":15674,"date":"2022-12-20T17:45:48","date_gmt":"2022-12-20T17:45:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-snaps-extended-bear-run-as-link-hits-4-day-high-market-updates-bitcoin-news\/"},"modified":"2022-12-20T17:45:48","modified_gmt":"2022-12-20T17:45:48","slug":"ltc-snaps-extended-bear-run-as-link-hits-4-day-high-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-snaps-extended-bear-run-as-link-hits-4-day-high-market-updates-bitcoin-news\/","title":{"rendered":"LTC Snaps Extended Bear Run, as LINK Hits 4-Day High \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Litecoin snapped a recent bear run on Tuesday, as cryptocurrency prices moved marginally higher. The token was up by nearly 3% in today\u2019s session, ending a six-day losing streak in the process. Chainlink was also in the green, as it rebounded from a key support point.<\/strong><\/p>\n

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

Litecoin (LTC<\/a>) snapped a six-day losing streak on Tuesday, as prices rose by as much as 3%.<\/p>\n

LTC<\/a>\/USD moved away from a one-month low of $61.00, hitting a high of $65.60 earlier in today\u2019s session.<\/p>\n

The move came as bullish pressure intensified once the token hit a key support point of $63.50.<\/p>\n

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

Looking at the chart, the 14-day relative strength index (RSI) also rose, moving away from its long-term floor of 33.50.<\/p>\n

Since moving away from yesterday\u2019s six-month low, the index is now tracking at the 37.46 mark.<\/p>\n

The next visible resistance seems to be the 46.00 level, and if hit, LTC<\/a> will likely be trading above $70.00.<\/p>\n

Chainlink (LINK)<\/h2>\n

Chainlink (LINK) was another notable gainer in today\u2019s session, as prices surged to a four-day high.<\/p>\n

Following a low of $5.75 to start the week, LINK\/USD climbed to a peak of $6.10 earlier today.<\/p>\n

This rally has pushed the token to its highest point since Friday, when it was trading at a top of $6.54.<\/p>\n

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

Similar to litecoin, today\u2019s move saw prices move away from a four-week low, rising from a recent floor in the process.<\/p>\n

LINK rallied at the $5.80 support, which came as the RSI rose above a ceiling at the 37.00 level.<\/p>\n

As of writing, the index is tracking at 39.81, with LINK\/USD trading at $6.06.<\/p>\n

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

Do you expect chainlink to move to a ceiling of $6.50 before the end of the year? 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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