rose to its highest level in three months, a move which saw it cement itself as the world’s 65th largest cryptocurrency.during hump-day.
Today’s move came as LRC has consolidated for the last few months, moving between support of $0.6222 and resistance of $0.8889.However, prices finally broke out of this range today, coming after bulls piled on the pressure, once the floor in the 14-day RSI of 51.16 failed to break. Looking at the chart, price strength then rose to a high above 71, which is the most overbought it has been since November.
Despite this, history has shown that the RSI can go to as high as 91, so although it is now relatively overbought, there could still be further gains in
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Source: BTCTN - 🏆 531. / 51 Read more »
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