Biggest Movers: DOGE Hits 9-Day High, as LTC Climbs 6% on Saturday

Dogecoin rose to its highest level in over every week, as Elon Musk requested {that a} lawsuit filed towards him by traders within the meme coin be dropped. The go well with claims that Musk operated a pyramid scheme, following his endorsements of dogecoin. Litecoin was one other token to climb on Saturday.

Dogecoin (DOGE)

Dogecoin (DOGE) climbed greater on Saturday after attorneys for Elon Musk requested {that a} lawsuit filed towards him by traders within the meme coin be dropped.

In an announcement, Musk’s attorneys stated, “There is nothing illegal about tweeting phrases of help for, or humorous footage about, a legit cryptocurrency that continues to carry a market cap of practically $10 billion.”

Following a low of $0.07456 on Friday, DOGE/USD rose to a peak of $0.07841 to begin the weekend.

As a results of the transfer, the meme coin marginally breakout of a long-term ceiling of $0.0780.

This got here because the relative energy index (RSI) additionally briefly moved past a resistance of its personal at 52.00

At the time of penning this, the index is now monitoring at 51.99, with earlier beneficial properties in DOGE principally easing.

Litecoin (LTC)

Litecoin (LTC) was one other notable gainer to begin the weekend, because the token additionally neared a one-week excessive.

LTC/USD surged to an intraday excessive of $93.85, lower than 24 hours after costs have been buying and selling at a low of $88.34.

This rally despatched litecoin to its strongest level since final Sunday, March 26, when it rose to a peak at $94.92.

Looking on the chart, at present’s acquire pushed LTC shut to a degree of resistance at $94.00, nevertheless, bulls have up to now been unable to power a breakout.

This is probably going because of the 14-day RSI hovering near a ceiling of its personal, on the 57.00 mark.

Should bulls transfer past this level, then there’s a good probability that LTC will transfer past $94.00.

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Do you count on litecoin to increase this rally additional into the weekend? Let us know your ideas within the feedback.