DeFI News by Thebittimes.Com

Litecoin rose to its highest level in over six weeks on Wednesday, as the token moved past a key price ceiling. Today’s move comes despite cryptocurrency markets mostly trading lower, ahead of the Federal Open Market Committee (FOMC) meeting. Unus sed leo (LEO) was also higher, climbing for a ninth consecutive session. Litecoin (LTC) Litecoin (LTC) rose by as much as 10% on Wednesday, despite cryptocurrency markets mostly trading lower. Following a low of $54.64 during Tuesday’s session, LTC/USD surged to an intraday peak of $61.89. The rally sees the token move past a key resistance level of $58.20, hitting its strongest point since mid-September in the process. LTC/USD – Daily Chart As can be seen from the chart, the 14-day relative strength index has also surged, and is now firmly in overbought territory. The index is currently tracking at the 69.32 level, which is its highest point since last November. In addition to this, the 10-day (red) has now conti...

Ethereum dropped below $1,500 on Friday, as crypto currency markets fell following earlier gains in the week. Bitcoin was also in the red in today&#x2019 ;s session, as the token moved closer to a breakout below $20,000. Overall, the global crypto market cap is down 1.90% as of writing. Bitcoin Bitcoin (BTC) fell lower for a second consecutive day on Friday, as bullish sentiment continued to fade. Following a peak of $21,022 on Wednesday, BTC/USD dropped in back-to-back sessions, with today&#x2019 ;s decline sending the price to a low of $20,086.07. Today’s slip in bitcoin comes as USD continued to gain strength, following yesterday’s better-than-expected Q3 GDP figures, which came in at 2.6%. BTC/USD – Daily Chart In addition to a stronger dollar, momentum has somewhat shifted following a failed breakout of a key ceiling within the relative strength index (RSI). Since failing to move beyond the resistance of 66.00, the index has fallen significantly lower, ...