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

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

Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the red during today’s session.

Litecoin (LTC)Litecoin (LTC) dropped to a ten-day low on Thursday, with the token falling for a third straight session.Following a high of $79.20 on Wednesday, LTC/USD moved to a low of $74.82 earlier in the day’s session.As a result of this, the token fell to its lowest point since November 29, when prices hit a bottom of $73.39.Looking at the chart, it appears that litecoin bears are hoping to push prices towards a floor at $73.00.This seems a possibility, especially with the 14-day relative strength index (RSI) fast approaching a floor of its own.The index is currently tracking at 57.10, and seems to be moving towards a support point of 53.00.

Cosmos (ATOM)