{"id":18712,"date":"2023-03-14T16:37:29","date_gmt":"2023-03-14T16:37:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-back-above-80-doge-extends-gains-following-inflation-report-market-updates-bitcoin-news\/"},"modified":"2023-03-14T16:37:29","modified_gmt":"2023-03-14T16:37:29","slug":"ltc-back-above-80-doge-extends-gains-following-inflation-report-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-back-above-80-doge-extends-gains-following-inflation-report-market-updates-bitcoin-news\/","title":{"rendered":"LTC Back Above $80, DOGE Extends Gains Following Inflation Report \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Litecoin rose by as much as 15% in Tuesday\u2019s session, as markets reacted to the latest inflation report from the United States. Figures from the monthly Consumer Price Index showed that inflation has fallen to 6% in February, down from 6.4%. Dogecoin was also higher on the news, extending recent gains.<\/strong><\/p>\n

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

Litecoin (LTC<\/a>) was once again in the green, as prices of the token rose above $80.00 on Tuesday.<\/p>\n

Following a low of $75.20 to start the week, LTC<\/a>\/USD surged to an intraday peak of $86.34 earlier today.<\/p>\n

As a result of the move, litecoin has risen to a seven-day high, breaking out of a ceiling at $85.00 in the process.<\/p>\n

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

Overall, LTC<\/a> is up nearly $20.00 in the last four days, since dropping to a bottom at $65.39 on Saturday.<\/p>\n

The latest rally in price has pushed the 14-day relative strength index (RSI) to a reading of 49.53, which is its highest point since March 2.<\/p>\n

This is marginally above a ceiling at 48.00, and should price strength remain beyond this point, LTC<\/a> bulls will likely attempt to reach $90.00.<\/p>\n

Dogecoin (DOGE)<\/h2>\n

In addition to LTC<\/a>, dogecoin (DOGE) also extended recent gains, with the meme coin climbing for a fifth straight day.<\/p>\n

DOGE\/USD has risen to an intraday high of $0.07492 earlier on Tuesday, which comes a day after trading at a low of $0.06866.<\/p>\n

This rally comes as dogecoin broke out of a recent resistance level at $0.0730, with the RSI also climbing above a ceiling of its own.<\/p>\n

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

At the time of writing, price strength is tracking at 47.15, which is well above the aforementioned ceiling at 45.00.<\/p>\n

In addition to this, the 10-day (red) moving average is now firmly in an uptrend, with a ceiling of $0.08000 a possible target for bulls.<\/p>\n

Price strength is closing in on a ceiling at 50.00. However, should it overcome this point, DOGE could reach its intended target.<\/p>\n

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

Will this uptrend continue for the remainder of the week? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on 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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