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

LTC Rallies to 1-Week High, as UNI Snaps Recent Losses – Market Updates Bitcoin News

November 18, 2022


Litecoin rallied to a one-week high on Friday, as the token rose for a second consecutive session. The move saw prices climb by close to 8% earlier in the day, and comes as crypto markets mostly traded higher. Uniswap also gained, rebounding from recent losses.

Litecoin (LTC)

Litecoin (LTC) was a notable gainer on Friday, as the token surged by as much as 8% in today’s session.

Following a low of $60.29 on Thursday, LTC/USD raced to an intraday high of $63.61 earlier in the day.

As a result of today’s rally, litecoin moved close to a key resistance level, hitting its highest point since last Friday in the process.

LTC/USD – Daily Chart

Looking at the chart, prices did not yet collide with the aforementioned ceiling of $64.00, which was last broken ten days ago.

This comes as the 14-day relative strength index (RSI) hit a key resistance level of 57.00, leading earlier bulls to abandon their positions.

As of writing, LTC is now tracking at $62.77.

Uniswap (UNI)

Uniswap (UNI) rebounded in today’s session, snapping a two-day downtrend in the process.

UNI/USD hit a peak of $6.03 earlier in the day, which comes less than 24 hours after hitting a low of $5.74.

This surge comes as bulls rejected a breakout of a floor at $5.70 on Thursday, with the target now seemingly a resistance of $6.50.

UNI/USD – Daily Chart

In order to recapture this point, UNI traders will first need to overcome an upcoming ceiling on the RSI indicator.

As of writing, the index is tracking at 45.16, which is under its aforementioned resistance of 48.90.

Bulls will likely need to be cautious, as the momentum of the 10-day (red) moving average appears to still be bearish.

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

Could we see a shift in momentum for uniswap this weekend? 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

Spot AI raises $40M to build smarter CCTV security camera tech • TechCrunch

Next Post

Hit It & Quit It with Brooke Daniels, Melanie Greenough, & Scott J. Miller » Succeed As Your Own Boss

Next Post

Hit It & Quit It with Brooke Daniels, Melanie Greenough, & Scott J. Miller » Succeed As Your Own Boss

Alvéole closes $8.1 million Series A to help companies meet ESG goals with beekeeping

TechCrunch staff on what we lose if we lose Twitter • TechCrunch

Thanks to the FTX Collapse, Bitcoin's Price in November 2022 Looks to Join the 4 Previous Negative Novembers of the Past 11 Years – Market Updates Bitcoin News

6 Steps to Build a Business Strategy » Succeed As Your Own Boss

Leave a Reply Cancel reply

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

YouTube rolls back its rules against election misinformation

by admin
June 3, 2023

YouTube was the slowest major platform to disallow misinformation during the 2020 U.S. election and almost three years later, the...

A survey of the challenges women founders face when fundraising (and how to overcome them)

by admin
June 3, 2023

40 women founders from 25 different countries share their views for other women entrepreneurs fundraising. Co-founded by Kate Dwyer and...

Tesla says all new Model 3s now qualify for full $7,500 tax credit

by admin
June 2, 2023

All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a...

Collision nears a one-year Toronto extension, efforts mount for a West Coast alternative

by admin
June 2, 2023

Vancouver group advocates for Collision, as SAAS NORTH organizers look to offer a locally run alternative. With Collision’s long-term future...

business-news-hubb-white

© 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.