Biggest Movers: LTC, BCH Surge 20% Higher on Friday
Litecoin surged by as much as
20% in today’s session, as bulls took the token to its highest level since
April. The move came prior to the latest consumer sentiment report from the
U.S, which rose to a reading of 64.4. Bitcoin cash climbed to its highest point since April 2022.
Litecoin (LTC) rose above
$100.00 for the first time since
April, as traders seemingly remained bullish on the token following its recent listing on
EDX markets.
Today’s move came as bulls were able to break out of a recent resistance level of
$98.00, with the relative strength index (RSI) doing similar.
Should
momentum continue, bulls will likely ease pressure closer to an upcoming level of
68.00.
Bitcoin cash (BCH) made significant gains for a second straight session, this time rising by over
20% to end the week.
