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Biggest Movers: LTC Above $80.00, Moving Away From 6-Week Low – Market Updates Bitcoin News

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LTC rises above $80.00, moving away from 6-week low.

) jumped back above $80.00 earlier in today’s session, as the token continued to move away from recent lows.The surge saw litecoin rise from a recent six-week low of $75.32, which took the cryptocurrency to a breakout of a floor at $77.00.Looking at the chart, today’s rally pushed the relative strength index towards a resistance level of 39.00.falling from earlier highs, and trading at $80.84.

Bulls in the market are likely targeting a ceiling of $85.00, however there will likely be some hurdles in the form upcoming points of resistance.

 

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