{"id":15751,"date":"2022-12-22T17:10:47","date_gmt":"2022-12-22T17:10:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/doge-rebounds-on-thursday-ltc-nears-1-week-high-market-updates-bitcoin-news\/"},"modified":"2022-12-22T17:10:47","modified_gmt":"2022-12-22T17:10:47","slug":"doge-rebounds-on-thursday-ltc-nears-1-week-high-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/doge-rebounds-on-thursday-ltc-nears-1-week-high-market-updates-bitcoin-news\/","title":{"rendered":"DOGE Rebounds on Thursday, LTC Nears 1-Week High \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Dogecoin rebounded from Wednesday\u2019s decline, as the meme coin moved away from a key support level. Prices have been hovering close to a two-month low in recent days, with today\u2019s surge bringing optimism to remaining bulls. Litecoin was also higher, as the token remained close to a one-week high.<\/strong><\/p>\n

Dogecoin (DOGE)<\/h2>\n

Dogecoin (DOGE) was in the green on Thursday, as the meme coin rebounded from recent lows.<\/p>\n

Following a low of $0.07283 on Wednesday, DOGE\/USD raced to an intraday peak of $0.07736 earlier in today\u2019s session.<\/p>\n

The move comes as prices rallied, following a recent collision with a support point at the $0.0715 level.<\/p>\n

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

As can be seen from the chart, today\u2019s move comes as the 14-day relative strength index (RSI) raced to a ceiling of 40.00.<\/p>\n

Since this time, earlier gains have somewhat faded, with the meme coin trading at $0.07657 as of writing.<\/p>\n

Should price strength manage to climb above this threshold, then DOGE could rally to a ceiling near $0.0800.<\/p>\n

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

Litecoin (LTC<\/a>) also rose on Thursday, as the token continued to trade near a one-week high.<\/p>\n

LTC<\/a>\/USD hit a peak of $66.51 earlier in today\u2019s session, which comes less than a day after it was residing at a low of $65.09.<\/p>\n

Today\u2019s high is marginally below Tuesday\u2019s top at $66.90, which was the highest point LTC<\/a> had hit since last Friday.<\/p>\n

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

Looking at the chart, the move comes despite the 10-day (red) moving average (MA) recently extending its downward cross with the 25-day (blue) MA.<\/p>\n

As of writing, the RSI is tracking at 39.67, which is below the next visible resistance line at 45.00.<\/p>\n

Bulls will likely target this point, which could see LTC<\/a> climb above the $70.00 price point.<\/p>\n

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

Could LTC<\/a> hit $70.00 in the coming few 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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