Biggest Movers: LTC Hits Highest Point Since June, as APE Climbs to 3-Week High

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Litecoin hit a three-month high in today’s session, after breaking a key resistance level. The move came ahead of the release of US inflation data, which fell to 8.3% in August. However, after the release, which was higher than expected, the earlier gains declined. In today’s session, Apcoin also reached a multi-week high.

Litecoin (LTC,

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Litecoin (LTC) climbed to a three-month high on Tuesday as the coin broke above the $64.50 resistance area.

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After a low of $60.39 to start the week, LTC/USD made an intraday peak of $67.07 in today’s session.

This is Litecoin’s strongest point since June 1, when the coin hit a high of $70.50.

LTC/ USD – Daily chart
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today’s jump LTC The day was somewhat short-lived with prices falling below the above resistance point as the day progressed.

At the time of writing, Litecoin is priced at $63.43, and this comes as the Relative Strength Index (RSI) poses a hurdle in itself.

The index hit a ceiling of 60.00, which the bulls have not been able to overcome so far, resulting in a fall in the prices.


Apcoin (APE)

While Litecoin reached a three-month peak, Apcoin (APE) reached a three-week high on the day.

Less than 24 hours after trading as low as $5.25, APE/USD was able to climb to a peak of $5.87 on Tuesday.

Tuesday’s top is the highest point at which Apcoin has traded since Aug. 18, when the coin was above $6.00.

APE/USD – Daily Chart

Looking at the chart, APE has been in a bull run over the past week after a rally from the $4.20 support level.

This has led to an increase in price momentum, with the 10-day (red) moving average now at the peak of a cross with the longer-term 25-day (blue) trend line.

The price declined as the RSI declined above the 60.00 mark from its recent six-week high.

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Can Apcoin continue to rise this week despite increased volatility in the market? Let us know your thoughts in the comments.

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Credit : news.bitcoin.com

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