Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows 

Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows 

Litecoin fell for a 3rd consecutive session on Thursday, because the token continued to maneuver away from current highs. Cryptocurrencies have been principally decrease in current days, as merchants proceed to concern a worldwide recession. Cosmos additionally remained within the purple throughout immediately’s session.

Litecoin (LTC)

Litecoin (LTC) dropped to a ten-day low on Thursday, with the token falling for a 3rd straight session.

Following a excessive of $79.20 on Wednesday, LTC/USD moved to a low of $74.82 earlier within the day’s session.

As a results of this, the token fell to its lowest level since November 29, when costs hit a backside of $73.39.

Looking on the chart, it seems that litecoin bears are hoping to push costs in the direction of a ground at $73.00.

This appears a risk, particularly with the 14-day relative energy index (RSI) quick approaching a ground of its personal.

The index is at present monitoring at 57.10, and appears to be transferring in the direction of a help level of 53.00.

Cosmos (ATOM)

Another notable token on Thursday has been cosmos (ATOM), which fell to a ten-day low earlier within the day.

ATOM/USD fell to a backside of $9.52 on Thursday, earlier than bulls reentered the market and acquired the current dip.

Today’s backside noticed cosmos commerce at its lowest degree since November 28, which was the final time the token hit its ground at $9.45.

As of writing, ATOM has principally rebounded, and is at present buying and selling on the $9.71 degree.

In addition to this, the RSI has bounced from a ground of its personal at 39.50, and is at present monitoring at 41.40.

Should momentum proceed in an upward route, ATOM bulls will seemingly goal a transfer above the $10.00 mark.

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Do you count on cosmos to maneuver above $10.00 this week? Let us know your ideas within the feedback.

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