Businessnewshubb
Advertisement
  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us
No Result
View All Result
  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us
No Result
View All Result
Businessnewshubb
No Result
View All Result
Home Markets

Biggest Movers: DOGE, LTC Near 3-Week Lows on Thursday – Market Updates Bitcoin News

December 15, 2022


Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United States. Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since late November.

Dogecoin (DOGE)

Dogecoin (DOGE) remained in the red on Thursday, as prices fell for the ninth day out of the last eleven.

The recent decline saw DOGE hit a low of $0.08694 earlier in today’s session, which is nearly 4% lower than Wednesday’s peak of $0.09224.

This move saw the meme coin fall to its lowest point since Monday, nearing a three-week low of $0.0848 in the process.

Biggest Movers: DOGE, LTC Near 3-Week Lows on Thursday
DOGE/USD – Daily Chart

Looking at the chart, bearish sentiment has increased as the 14-day relative strength index (RSI) fell from its recent floor at the 47.50 mark.

As of writing, the index is tracking at 42.40, with a floor of 40.00 the next possible destination.

Should this point of support be reached, we will likely see DOGE trading near the $0.0840 level.

Litecoin (LTC)

Litecoin (LTC) was another notable token to fall today, with prices moving lower for a second straight day.

Following a high of $78.96 on Wednesday, LTC/USD dropped to a bottom of $74.07 earlier in the day.

As a result of this drop, litecoin moved to its lowest point since November 28, when prices hit a bottom of $70.50.

Biggest Movers: DOGE, LTC Near 3-Week Lows on Thursday
LTC/USD – Daily Chart

Like with dogecoin above, today’s sell-off coincided with the RSI hitting a low of 50.20, which is close to a floor of 50.00.

Bulls anticipating a reversal may look at this with some optimism, and could look to reenter at this point of support.

However, should this floor fail to hold firm, then we will likely see LTC edge closer to a drop below $70.00.

Register your email here to get weekly price analysis updates sent to your inbox:

Could we see litecoin rebound in the coming days? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Previous Post

Why the SPAC route makes sense for Getaround • TechCrunch

Next Post

Hit It & Quit It with Sarah Durham, Joel Libava, & Brandi Mitchell » Succeed As Your Own Boss

Next Post

Hit It & Quit It with Sarah Durham, Joel Libava, & Brandi Mitchell » Succeed As Your Own Boss

Walnut Insurance secures $4 million CAD to help FinTechs deliver embedded insurance programs

Can China's venture capital market help it reignite growth? • TechCrunch

ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend – Market Updates Bitcoin News

Successful use of AI in government means doubling down on human and democratic values

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Can 4 activist investors play nice in the Salesforce sandbox? • TechCrunch

by admin
February 3, 2023

Salesforce finds itself in a rather unusual situation, with four activist investors operating inside the company at the same time:...

Shopify invests in US-based e-commerce analytics aggregator Triple Whale

by admin
February 3, 2023

Triple Whale helps Shopify merchants unify business metrics into one dashboard. Shopify has made an investment into United States-based Triple...

DOJ-Appointed US Trustee Objects to Subpoena Request in FTX Bankruptcy Case – Bitcoin News

by admin
February 3, 2023

Following a request from FTX lawyers to subpoena FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the U.S....

Apple, Google and Amazon post disappointing results as tech giants face gloomy economic outlook

by admin
February 3, 2023

Apple, Amazon and Alphabet all posted disappointing quarterly results this week, while Facebook parent Meta bucked the gloomy trend in...

business-news-hubb-white

© 2022 Business News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Categories

  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us

Newsletter Sign Up.

No Result
View All Result
  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us

© 2022 Business News Hubb All rights reserved.