{"id":19983,"date":"2023-04-18T15:43:28","date_gmt":"2023-04-18T15:43:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/link-jumps-to-6-month-high-ltc-back-above-100-market-updates-bitcoin-news\/"},"modified":"2023-04-18T15:43:28","modified_gmt":"2023-04-18T15:43:28","slug":"link-jumps-to-6-month-high-ltc-back-above-100-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/link-jumps-to-6-month-high-ltc-back-above-100-market-updates-bitcoin-news\/","title":{"rendered":"LINK Jumps to 6-Month High, LTC Back Above $100 \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Chainlink rose to a six-month high in today\u2019s session, as crypto markets moved back into the green on Tuesday. Markets were buoyant following stronger than expected Chinese growth data, with the global market cap up 0.45% as of writing. Litecoin also climbed, hitting a two-month high in the process.<\/strong><\/p>\n

Chainlink (LINK)<\/h2>\n

Chainlink (LINK) rose to a six-month high on Tuesday, as the global crypto market cap rebounded from Monday\u2019s decline.<\/p>\n

LINK\/USD rallied to an intraday high of $8.66 in today\u2019s session, a day after trading at a low of $7.97.<\/p>\n

Today\u2019s surge in price saw chainlink climb to its highest point since November 8, when it traded at a peak of $9.48.<\/p>\n

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

Looking at the chart, one of the catalysts of today\u2019s surge in price was a breakout that occurred on the relative strength index (RSI).<\/p>\n

At the time of writing, price strength has moved beyond a ceiling at the 68.00 mark, and is now tracking at 72.93<\/p>\n

This is the strongest reading for the index since February 2021, which could mean that a reversal is on the cards.<\/p>\n

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

In addition to LINK, litecoin (LTC<\/a>) also moved to a multi-month high during today\u2019s session.<\/p>\n

Following a low of $98.11 to start the week, LTC<\/a>\/USD rose above the $100.00 mark, hitting a peak of $102.67 in the process.<\/p>\n

As a result of Tuesday\u2019s surge in price, litecoin has hit its highest point since February 16.<\/p>\n

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

The move came as LTC<\/a> saw a breakout of a long-term ceiling at the $101.00 level, before colliding with a wall on the RSI indicator.<\/p>\n

This aforementioned ceiling was at the 67.00 mark, and as of writing the index is marginally higher, at a reading of 67.17.<\/p>\n

Should a full breakout occur, the next high that litecoin bulls must overcome is a ceiling at $105.70.<\/p>\n

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

Can litecoin move above $105.00 in the coming 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, sdx15 \/ Shutterstock.com<\/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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