Biggest Movers: LTC Nears 6-Month High, as Near Rebounds From Recent Lows
Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high. Following yesterday’s gains, cryptocurrency prices remained in the green on Wednesday, with the global market capitaliza...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high. Following yesterday’s gains, cryptocurrency prices remained in the green on Wednesday, with the global market capitalization up 2.07% as of writing this. Near protocol also surged today, as prices rebounded from recent lows.
LitecoinLitecoin (LTC) moved closer to a six month high on Wednesday, as the token rose for a second straight session.
LTC/USD rallied to an intraday high of $79.73 earlier in today’s session, less than 24-hours after trading at a low of $75.21.
The move saw LTC climb to its highest point since last Wednesday, when the token hit a high of $83.43.
This was the strongest point litecoin was trading at since May 10, and comes as the relative strength index (RSI) rebounded from a recent floor.
As of writing this, the index is currently tracking at 65.48, which is above a support point of 61.45.
Earlier gains have somewhat eased, with LTC now trading at $78.04. Despite this, bulls likely will still be targeting a move above $80.00.
Near ProtocolNear protocol (NEAR) was another notable gainer on Wednesday, as prices continued to move away from recent lows.
Following a low of $1.59 on Tuesday, NEAR/USD surged to an intraday high of $1.73 earlier today.
As a result of this, near protocol moved away from its long-term support point of $1.50, and is now nearing a resistance point of $1.75.
Looking at the chart, the RSI is now hovering slightly above a ceiling of 35.00, and is tracking at 35.07.
As of writing this, NEAR has fallen below earlier highs of $1.73, and is currently trading at $1.70.
Should price strength continue to move above its current ceiling, we will likely see the token race past the $1.75 point, and edge closer to $2.00.
Register your email here to get weekly price analysis updates sent to your inbox:
Could we see near protocol climb above $2.00 in December? Let us know your thoughts in the comments.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Ethereum (ETH) Price Prediction: Whale Rotates $155M Into ETH as Longs Surge Near $2,500
Ethereum is trying to stabilize after another volatile stretch, with price returning toward the mid-$2,400 region while several po...
Arthur Hayes says high-FDV tokens no longer pump on Binance
The shift away from high-FDV token pumps on Binance signals a potential move towards fairer token distribution models, impacting r...
BNB Chain processes 1.51B transactions in Q3 as tokenized equity trading jumps 11x
BNB Chain's surge in tokenized equity trading highlights a shift towards decentralized finance, potentially reshaping traditional...
SEC flags tokenization as high-risk area in 2027 market examinations
The SEC’s latest priorities highlight tokenization as an emerging market risk, while cryptocurrencies remain absent as a standalon...
CoinShares BTF Liquidation Sets Cash Payout And Earlier Options Expiry
TL;DR: CoinShares’ Bitcoin and Ether ETF has reached cash settlement. An OCC notice confirms the payout and brings later-dated BTF...
SEC Examiners Set Sights on Tokenization at Clearing Agencies for Fiscal 2027
The SEC’s Division of Examinations has named tokenization among the “high-risk areas” its staff will focus on when examining clear...