The crypto asset xrp rose by as much as 5% on Saturday, following declines of a similar amount during yesterday’s session. This comes despite the global crypto market cap moving lower, falling by 0.51% at the time of writing. Litecoin was also higher to start the weekend.
Biggest Movers: XRP Climbs 5%, as LTC Nears Multi-Week High on Saturday
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XRP
XRP, formerly ripple, was back in the green on Saturday, as the token rebounded from Friday’s losses.
Following a low of $0.418, XRP/USD raced to an intraday high of $0.4501 earlier in today’s session.
The move came as bullish momentum increased at the price floor of $0.4250, after bears failed to sustain an earlier breakout.
From the chart, it appears that the rebound took place as the relative strength index ( RSI) moved away from its own support, at 58.00
As of writing, the index is tracking at 60.77, and seems to be heading towards a ceiling at the 63.00 mark.
The 10-day (red) moving average has also extended its upward cross versus its 25-day (blue) counterpart, which could be a sign of upcoming gains.
Litecoin ( LTC)
Litecoin ( LTC), was another notable mover to start the weekend, as prices remained close to a multi-week high.
LTC/USD climbed to a peak of $93.97 on Saturday, which comes less than 24 hours after a low of $89.87.
As a result of this, litecoin is now trading close to a ceiling of $94.00, and a recent three-week high of $96.11.
One catalyst for the rally was a recent crossover between the 10-day (red) and 25-day (blue) moving averages.
In addition to this, the RSI is now tracking at 57.07, which is marginally above a resistance level of 56.00.
Should bullish momentum continue to rise, there is a strong possibility that LTC will move beyond $100.00.
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