Biggest Movers: LTC Hits 6-Week High, as LEO Rises for the Ninth Straight Day
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...