{"id":20049,"date":"2023-04-20T16:27:57","date_gmt":"2023-04-20T16:27:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/doge-sellers-scupper-rebound-as-ltc-remains-near-3-week-low-market-updates-bitcoin-news\/"},"modified":"2023-04-20T16:27:57","modified_gmt":"2023-04-20T16:27:57","slug":"doge-sellers-scupper-rebound-as-ltc-remains-near-3-week-low-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/doge-sellers-scupper-rebound-as-ltc-remains-near-3-week-low-market-updates-bitcoin-news\/","title":{"rendered":"DOGE Sellers Scupper Rebound, as LTC Remains Near 3-Week Low \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Dogecoin rebounded from Wednesday\u2019s drop, with the meme coin briefly climbing back above $0.090 in today\u2019s session. However as the day progressed, bearish sentiment heightened, with price declining. Litecoin was also down today, and continues to trade near a multi-week low.<\/strong><\/p>\n

Dogecoin (DOGE)<\/h2>\n

Dogecoin (DOGE) was volatile on Thursday, as prices moved back into the red, after an earlier rebound.<\/p>\n

DOGE\/USD fell to an intraday low of $0.08685 in today\u2019s session, following an earlier high of $0.09297.<\/p>\n

The meme coin has been volatile in recent sessions, after a week-long bull run was snapped on Wednesday.<\/p>\n

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

Looking at the chart, today\u2019s candlestick has printed a large doji, with dogecoin now trading close to its open price.<\/p>\n

In addition to this, the relative strength index (RSI) has found a floor at the 53.00 mark, which has helped maintain the uncertainty.<\/p>\n

Should this floor give way, there is a good chance that DOGE will move towards a support point at $0.08000.<\/p>\n

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

Litecoin (LTC<\/a>) traded near a three-week low in today\u2019s session, as the token moved below $100.00.<\/p>\n

Following a high of $101.95 on Wednesday, LTC<\/a>\/USD plunged to a low of $89.38 earlier today.<\/p>\n

This is the lowest level that litecoin has hit since March 31, with bears now potentially targeting a long-term floor at $86.00.<\/p>\n

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

As a result of today\u2019s decline, the RSI has fallen to a point of support of its own at the 45.00 mark.<\/p>\n

If price strength were to fall below this point, it is likely that LTC<\/a> could head closer to $80.00.<\/p>\n

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

Do you expect further declines in litecoin this 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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