Litecoin rallied to a nine-day high to start the month, breaking through a recent resistance point in the process. The token broke above the $95.00 level, as the bulls raced towards the $100.00 mark. Polygon also snapped a recent losing streak, rebounding from a key foothold.
Litecoin (LTC)
Litecoin (LTC) rose to its highest point in more than a week on Wednesday, after a break of a recent resistance level.
After a low of $93.52 on Tuesday, LTC/USD started the month of March rising to a high of $97.93.
This surge brought litecoin to its strongest point since February and came as prices broke through a ceiling of $95.00.
Looking at the chart, one of the catalysts for the move was a break in the RSI.
Price strength moved above a top at 53.00, and at time of writing is tracking at the 55.61 level.
The next visible point of support seems to be near the 58.00 mark, and if it is reached, there is a strong possibility that LTC it will move past $100.00.
Polygon (MATIC)
Furthermore, polygon (MATIC) also broke a recent losing streak, as bulls rejected the breakout of a key price low.
MATIC/USD reached a high of $1.26 on Wednesday, after falling to a low of $1.19 the day before.
The jump in price comes after an attempt to move below the $1.18 support, following recent downward pressure.
Currently, the 10-day moving average (red) is just a stone’s throw away from a potential crossover with its 25-day counterpart (blue), which has been delayed by today’s rally.
To further delay this action, another jump in price is likely to be needed, with bulls likely targeting the $1.30 ceiling.
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