LTC Nears 6-Month High, As Near Rebounds From Recent Lows – Market Updates Bitcoin News
Litecoin has been a remarkable mover on November 30, as the token neared its recent six-month high. After yesterday’s rally, cryptocurrency prices remained in the green on Wednesday, with the global market cap up 2.07% at the time of writing. Close to the protocol also rose today, as prices recovered from recent lows.
Litecoin
Litecoin (LTC) moved closer to a six-month high on Wednesday, as the token rose for a second straight session.
LTC/USD rose to an intraday high of $79.73 earlier in today’s session, less than 24 hours after trading at a low of $75.21.
The move saw LTC climb to its highest point since last Wednesday, when the token hit a high of $83.43.
This was the strongest point litecoin has traded at since May 10, and comes as the relative strength index (RSI) rebounded from a recent floor.
At the time of writing, the index is currently trading at 65.48, which is above a support point of 61.45.
Previous gains have faded somewhat and LTC is now trading at $78.04. Despite this, bulls will likely still aim for a move above $80.00.
Close to protocol
Near protocol (NEAR) was another notable gainer on Wednesday, as prices continued to move away from recent lows.
After a low of $1.59 on Tuesday, NEAR/USD rose to an intraday high of $1.73 earlier today.
As a result, the near term moved away from its long-term support point at $1.50, and is now approaching a resistance point at $1.75.
Looking at the chart, the RSI is now hovering just above a ceiling of 35.00, and is trailing at 35.07.
As of this writing, NEAR has fallen below previous highs of $1.73, and is currently trading at $1.70.
Should the price strength continue to move above the current ceiling, we will likely see the token race past the $1.75 point and get closer to $2.00.
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Could we see close to the protocol climbing above $2.00 in December? Let us know your thoughts in the comments.
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