Litecoin (LTC) has seen a surge in price for a third straight day, reaching back above $80. Following yesterday’s low of $78.18, the cryptocurrency rose to an intraday high of $81.97 on Thursday. At the time of writing, LTC is trading at $80.84. The relative strength index (RSI) has been pushed towards a resistance level of 39.00, indicating a potential target ceiling of $85.00. However, obstacles in the form of upcoming points of resistance may pose challenges to bulls in the market.
Meanwhile, Cardano (ADA) also witnessed a marginal increase in prices, with ADA/USD hitting a high of $0.3727 earlier in the day. However, earlier momentum has faded, and the cryptocurrency is now trading at $0.3613. Gains have eased due to the RSI colliding with a ceiling at the 41.00 mark, with price strength now at the 37.06 level. Bearish pressure is also higher than earlier in the day.
Despite recent market volatility, Litecoin and Cardano have displayed some resilience, with both cryptocurrencies showing signs of recovery in the current trading session. The recent price movements have been a source of hope for investors and traders alike. As always, it is important to exercise caution in light of the unpredictable nature of the crypto market.
