Litecoin rose for a third consecutive session on Tuesday, despite cryptocurrency markets mostly falling lower. The global market cap is currently down by 1.28%, as overall market uncertainty remains high. Apecoin also rallied, extending recent gains.
Biggest Movers: LTC Hits 2-Week High, as APE Extends Gains
This article was published more than a year ago. Some information may no longer be current.
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Litecoin ( LTC)
Litecoin ( LTC) was once again in the green, as the token rose for a third consecutive session.
LTC/USD surged to a peak of $89.68 in today’s session, after starting the week at a low at $86.42.
Tuesday’s rally has seen litecoin climb to its strongest point since April 30, which is the last time price was above $90.00.
From the chart, it appears that this level is once again the target for bulls, and could very likely be hit in the coming days.
After breaking out of a ceiling at 50.00, the relative strength index ( RSI) is now tracking at 56.28.
The next visible point of resistance is now at the 59.00 mark, and should this be hit, not only will LTC be above $90.00, but likely closer to 92.00.
Apecoin (APE)
In addition to LTC, apecoin (APE) also surged on Tuesday, despite current market uncertainty.
Following a low of $3.33 to start the week, APE rose to an intraday high of $3.45 earlier in today’s session.
The gain comes as APE broke out of a ceiling at $3.35, resulting in price climbing to its highest point since May 8.
APE has fallen marginally lower from earlier highs, as its RSI failed to overcome a resistance point at 38.00.
At the time of writing, price strength is at the 37.69 mark, with the price now at $3.42.
If bulls are able to break this wall, then there is a good chance that APE could continue its move towards $4.00.
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What is behind the recent apecoin rally? Let us know your thoughts in the comments.
