{"id":17174,"date":"2023-02-01T17:06:58","date_gmt":"2023-02-01T17:06:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-races-to-9-month-high-atom-extends-recent-gains-market-updates-bitcoin-news\/"},"modified":"2023-02-01T17:06:58","modified_gmt":"2023-02-01T17:06:58","slug":"ltc-races-to-9-month-high-atom-extends-recent-gains-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-races-to-9-month-high-atom-extends-recent-gains-market-updates-bitcoin-news\/","title":{"rendered":"LTC Races to 9-Month High, ATOM Extends Recent Gains \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in price comes as the global cryptocurrency market cap rose marginally higher today, and is up by 0.57% as of writing. Cosmos was another notable mover, with prices up for a second straight session.<\/strong><\/p>\n

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

Litecoin (LTC<\/a>) surged to a nine-month high on Wednesday, as prices rose past a key resistance level.<\/p>\n

LTC<\/a>\/USD hit a peak of $97.73 earlier in today\u2019s session, less than 24 hours after trading at a low of $93.05.<\/p>\n

As a result of the surge, litecoin rose to its strongest point since May 5, when prices were at a high of $106.86.<\/p>\n

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

Looking at the chart, the move took place following a breakout of a ceiling at $95.50, and came as the relative strength index (RSI) collided with a resistance of its own.<\/p>\n

As of writing, the index is tracking at 65.96, which is marginally below a resistance level at 66.00.<\/p>\n

Since approaching this point, earlier gains have somewhat declined, with LTC<\/a> now trading at $95.58.<\/p>\n

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

Cosmos (ATOM<\/a>) was another notable mover in today\u2019s session, with the token climbing for a second straight day.<\/p>\n

Following a low of $13.15 on Tuesday, ATOM<\/a>\/USD moved to a peak of $13.84 earlier in the day.<\/p>\n

Wednesday\u2019s rally saw cosmos move above a ceiling at $13.50, nearing its highest point since November 8 in the process.<\/p>\n

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

Whilst this resistance level was broken, the 14-day RSI was approaching one of its own at 66.00.<\/p>\n

As of writing, the index is tracking at 61.77, after it bounced from a support point at 58.00<\/p>\n

Should this ceiling at 66.00 be hit, it is likely that ATOM<\/a> could be trading above the $14.00 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 climb past $14.00 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 online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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