Litecoin (LTC) rose by 6% in today’s session, as the token climbed past a key resistance level on Thursday. The move followed several attempts over several weeks, with bulls finally breaking through. Polygon was also higher, ending a recent losing streak.
Litecoin (LTC) was one of Thursday’s notable gainers as prices moved past a key resistance level.
Following a low of $88.35 on Thursday, LTC/USD rose to an intraday peak at $94.21 earlier in the day.
As a result of today’s rally, litecoin broke out of its recent ceiling at $93.00, hitting a two-week high in the process.
The chart shows that Thursday’s surge came as the 14-day relative strength index (RSI) broke out of a ceiling at 58.00.
Since the breakout, the index has continued to climb, and as of writing, this is currently tracking at 59.76.
If momentum continues in this direction, there is a strong chance that LTC will move above $95.00.
Polygon (MATIC) snapped a three-day losing streak on Thursday following a crossover of moving averages (MA).
The 10-day (red) MA crossed its 25-day (blue) counterpart in today’s session, sending the price to a peak of $0.8974.
This comes following Wednesday’s low at $0.8787, which saw MATIC hit its weakest point since May 25.
Overall, market volatility in polygon remains significantly high, with earlier gains almost fading.
As of writing, MATIC is trading at $0.8934, with the RSI at a reading of 46.03, which is close to a ceiling of 48.00.
Should this aforementioned resistance point be broken, bulls could force a move toward $0.9000.