XRP Remains Close to 4-Month High, as LTC Rebounds on Wednesday – Market Updates Bitcoin News

XRP remained near a 4-month high on Wednesday following a recent break of a critical resistance level. It was at $0.4000 in the second consecutive session. This is the first such result since June. After recent losses, Litecoin prices recovered and Litecoin edged up.

XRP trades close to a high of four months on Wednesday. Bullish sentiment remained strong within the token.

Following a low of $0.3774 earlier in today’s session, XRP/USD raced to a peak of $0.4215 on hump day.

This move came after the token broke through its $0.4000 price limit on Tuesday. It reached its highest level since June 1, 2017.

XRP/USD – Daily Chart

Although the prices of gold have declined since then, they are currently trading at $0.4044, most people still believe there could be further rallies.

Many believe bulls might be targeting $0.4500 as a long-term resistance in XRP.

Prices may be currently overbought as the 14 day relative strength index (RSI), is at 62.45.

Litecoin LTC

Litecoin (LTC) was also in the green in today’s session, and prices rebounded following recent losses.

LTC/USD fell to 50.01 on Monday, but rose to $54.17 by Wednesday.

The token dropped below the $52.00 support point, but the bulls entered the market again, pushing prices higher.

LTC/USD – Daily Chart

The bulls will typically set prices at $60.00 if they are above this floor.

This will only be possible if LTC is able to climb over another ceiling within the RSI.

At the time of writing, index stands at 43.18. But it is quickly approaching resistance of 44.20. If litecoin was to rise higher, this would have to be overcome.

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What do you think? Do you believe litecoin will rise to $60.00 by the end of this week. We’d love to hear your comments.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. Before that, Eliman was formerly a broker director and retail trade educator. He is currently a commentator on various asset classes including Crypto, Stocks, and FX.

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