The exchange value of Litecoin versus the USDT has experienced a sudden boost in the latest session. The asset’s value has been pushed up by 15% with the start of the new week.
The LTC trading price surged after the cryptocurrency markets experienced a rebound. Most of the cryptocurrencies experienced significant gains in the latest trading session.
The token has emerged as one of the top performers, recording a 15% surge that has pushed its price to a high of $79.53. Prior to the rally, LTC’s trading price was exhibiting a lower trading value of $68.66.
The data from CoinMarketCap shows that the value of the asset has surged significantly in the past 24-hours.
Litecoin had been having a great time ever since last Friday the time when it hit a high of $84.92. The latest rally has pushed the asset’s price to the second-highest point since last Friday.
Following the rally, the relative strength index of Litecoin has elevated significantly. The data suggests that the ceiling level for the RSI was at 40.00, which has been breached by the bullish efforts.
At the moment, the RSI is at 41.05, which is providing more confidence to the investors. They may continue pressing harder against the bears which may help push LTC’s price higher.
If the strong sentiments remain intact, then the trading price of LTC may get pumped to a high of $85.00.
Ethereum Classic (ETC)
Ethereum Classic has also demonstrated a strong performance in the latest trading session. The token has witnessed a significant rebound from the lows it had been registering in recent sessions.
Due to the recent rebound, the trading price of the asset has moved to a higher trading level. The data shows that the trading price of the asset has moved to a high of $20.20.
Prior to the rally, the trading price of the asset was at a low of $17.05 per ETC. The asset was at a weaker trading level but it surged to the peak level following the strong rallies launched by the buyers.
However, it was midday when the peak level was recorded. After that, the rally eased a bit and the push rate declined over time.
Still, the trading price of ETC is at a high of $19.65. The data shows that the trading price of the asset has been pushed by 15% in the past 24-hours.
The RSI is also moving in the higher zone, as it has moved past the 48.00 level. It is also moving in the upward zone giving investors the confidence to push ETC’s price higher.