Litecoin soared to a nine-month peak February 1 after breaking through a crucial resistance level. The price of cryptocurrency rose as the global market cap increased slightly in the current day and is now up 0.57%. Also notable was the increase in the costs for a second consecutive day for Cosmos.
Litecoin (LTC)
Litecoin (LTC) shot to a new nine-month high Wednesday as the price crossed a major resistance level.
LTC/USD traded as high as $97.73 earlier in the day, less than 24 hours after trading as low as $93.05.
The surge saw litecoin reach its highest point since May 5, when it traded for $106.86.
Looking at the chart, it is clear that the breakout occurred after the Relative Strength Index (RSI) collided with resistance at $95.50. At the time of writing, the index was at 65.96, just below resistance at 66.00.
Since the start of the day, LTC has been able to trade at $95.58.
Cosmos (ATOM)
Cosmos (ATOM) saw another noteworthy move in the current session. The token increased for the second day in a row.
ATOM/USD traded as high as $13.84 earlier in the day, following its low of $13.15 yesterday.
Wednesday’s rally saw Cosmos break through a $13.50 ceiling and approach its highest point since November 8.
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