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Litecoin (LTC) Price Experienced an 8.07% Surge
On Monday, the price surge recorded by Litecoin (LTC) was a good start for LTC investors. The investors were glad that their asset was among the top-performing cryptocurrencies on that particular day.
Litecoin not only hit a higher trading level but also managed to achieve a 10-day high in the process. LTC has emerged as one of the notable gainers in the recent trading session.
LTC started its last week at a low trading price of $65.54. However, the investors were eager to push its price higher. This is what they aimed for and this is what they have achieved in the entire week.
The data shows that the trading price of LTC recorded an 8.07% surge and pushed its price higher. Following the surge, the value of the asset was pushed to a high of $70.83.
Given the performance of the overall crypto market, this is a phenomenal performance by one of the major crypto assets in the market.
Due to the recent trading session, the trading price of Litecoin has hit the highest trading level that it hit back on December 16.
The Next Target and the RSI
The bulls are hungry even after hitting another high trading level in the same week. They want to launch another rally and this time, their aim is to push the trading price of LTC over the $72 mark.
However, hitting and breaching a particular level will not prove to be something easy for the bulls. They will need to increase their buying power if they want to reach a particular level.
It is a key resistance level and this is why the bulls will not find it easier to overcome. If things do not work out in favor of the bulls, then the trading price of LTC will continue tripping.
For now, there is strong support coming in favor of the bulls that are from the RSI’s side. The RSI is also moving in the same direction as the bulls.
It has already come close to the 45 scores for the RSI. This means that the value of the asset will continue rising without the bears posing any threats of selling pressure.
The 45 score is the ceiling for the RSI and if the ceiling is breached, the price of LTC will continue surging higher.
There are predictions that the RSI for LTC may jump to a high of 51.79 and if things work out well, it may surge to a high of 54.00.
If the technical indicators do work in favor of LTC, then its price may surge to and beyond $72.00.
XRP Trading Price has surged by 3.2%
The trading price of XRP has also experienced a significant push in the latest trading session. The value of the asset was at a low of $0.3447 when the bulls intensified their buying spree.
This helped push the trading price of XRP to a high of $0.356. According to the statistics, the value of the asset rose as the investors started pouring cash in support of XRP.
The price of the asset reportedly experienced a 3.2% surge in the past 24 hours to reach the current high trading level.
XRP RSI is also bullish
Just like LTC, the RSI for XRP is moving in the bullish zone. The value of the asset is going to make an upward movement based on the current movement of the RSI.
It is currently at 42.00, which suggests that the asset has the tendency to grow stronger. If that is the case, then the trading price of XRP may eventually cross the $0.4000 mark.
In such a case, the trading price of XRP may rise to a high of $0.4125. Going forward, the asset may also surge to a high of $0.4525.