The graph token is up more than 35% so far on Tuesday, as the markets continued to be driven by the growth of its ecosystem. Since integrations to new blockchains were allowed, prices for the indexing protocol’s native token have risen more than 200% from 2022 lows. Litecoin also surged today, snapping a three-day losing streak.
The graph (GRT)
On Tuesday, the (GRT) chart extended its recent uptrend, rising more than 35% in today’s session.
GRT/USD rose to an intraday high of $0.1848 today, a day after prices hit a low of $0.1278.
As a result of this move, GRT/USD jumped to its strongest point since May 17 of last year.
Overall and at time of writing, GRT is up roughly 100.63% over the last seven days, and this comes after bouncing off support at $0.090.
These gains have resulted in the 14-day RSI moving deep into overbought territory, with a current reading of 87.03.
The bulls have already moved in to lock in gains, which has led to GRT falling from its previous high.
Litecoin (LTC)
Litecoin (LTC), on the other hand, broke a three-day losing streak, returning to recent highs.
After a minimum of $95.57 on Monday, LTC/USD rallied back above $100.00 on Tuesday, peaking at $100.13 in the process.
Today’s bounce in price brings litecoin closer to a resistance level of $101.75, and closer to last Wednesday’s high of $102.65.
Similar to GRT, this point was the highest point LTC it had hit since May, when the token was trading above $106.00.
Much of this is due to the 14-day RSI, which is nearing a top at 66.00, with a current reading of 64.53.
If price strength reaches this point, LTC The bulls could exit previous positions and instead capture the gains of the day.
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Will the chart and litecoin continue this momentum in the Wednesday session? Let us know your thoughts in the comments.
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