The Third consecutive session of losses were seen ThursdayAs digital asset prices pulled back from their recent highs, they continued to decline. Recent days have been marked by a decrease in prices as traders remain concerned about a potential global recession. Also in the negative during the session today was Cosmos.
Litecoin (LTC)
On Thursday, Litecoin (LTC) fell to a 10-day low, as the token dropped for the third straight session.
After peaking at $79.20 Wednesday, LTC/USD dropped to $74.82 earlier in the day.
This resulted in the token hitting its lowest point since November 29, with prices reaching a low of $73.39.
Looking at the chart, it appears that the Litecoin bears are aiming to push prices towards the $73.00 ceiling.
This could be a possibility, as the 14-day RSI is quickly approaching its bottom.
The index is currently at 57.10, and looks to be heading towards 53.00.
Cosmos (ATOM)
Also notable on Thursday was the decline of Cosmos (ATOM) to a ten day low.
ATOM/USD dropped to $9.52 at the bottom Thursday, before the bulls came back and bought up the decline.
Today’s trade saw the token reach its lowest point since November 28, 2005, when it last touched its floor at $9.45.
