Litecoin Price Surged by 13%
Thursday was a day filled with fortunes for Litecoin (LTC) as the price of the asset surged significantly. The investors rejoiced as the trading price of LTC reached a higher level on Thursday.
On that particular day, LTC emerged as one of the top gainers, making the situation favorable for the entire investment market.
It can be seen from the price chart that the trading price of LTC was pumped by 13% in the latest session.
Before the bulls had intervened with a stronger buying force, the price of LTC was at a low of $79.95. As the bulls increased their buying force, they were able to push the asset’s price to a high of $91.70.
The investors were glad to see the price of the asset take a significant flight in a single day. It was amazing for them to see the token hit the strongest level that it hadn’t hit since March 3.
At the beginning of March, the trading price of the token had been pushed to a high of $95.49. Due to the recent rally, the asset’s moving averages have also started to move upward.
This acts as a positive indicator of the trading price of the asset. It suggests that the trend is turning bullish for the asset and in the future, the asset’s price may move in the upward direction.
The asset’s relative strength index is currently hovering at a high of 55.35. If the buying momentum keeps on building, then the RSI may get pushed close to and above the 56.00 mark.
This would mean that the trading price of the asset may continue to move higher in the upcoming days.
Dogecoin Price Surged Significantly
Dogecoin is also among the top performers as the asset’s value has risen to a higher level in the recent session. The report shows that the asset has hit a five-day high and it will be moving to a higher level in near future.
According to the data, the trading price of DOGE was at a low of $0.07213 per DOGE before the rally had taken place. As the bulls increased their buying power, the trading price of DOGE was pushed to a high of $0.07819.
Prior to the rally, the asset had been facing losses. As the rally kicked in, the meme coin was able to clear out all the losses it had incurred in the previous sessions.
Following the strong rallies, the trading price of DOGE had risen to a level it had not visited since last Saturday.
The RSI for the asset stands at 51.38 and it may soon hit 52.00. If the RSI keeps on rising, then the asset’s price may surge to a higher level.