Today, Dogecoin (DOGE) and Litecoin (LTC) have experienced volatile trading sessions. DOGE saw a jump from Wednesday's drop, with the meme coin tracking above $0.090 in the earlier today session, however bearish sentiment has heightened later on, and the price declined. Meanwhile LTC has been down, and remains close to a three-week low. The candlestick of DOGE has printed a large doji, and currently trades close to its open price. Additionally, the RSI has dropped, and if the present floor of 53.00 gives way, a support point of $0.08000 may be threatened. Litecoin's RSI has seen a decline as well, falling to a point of support of 45.00. If strength failed to remain above this mark, the coin may be pushed close to the long-term floor at $86.00. All indicators show a dropping development in the crypto market, with a potential looming bearish cycle in the near future.
Adele Foster
- 2023-04-20
Dogecoin and Litecoin Trading Sessions - Volatility, Doji and RSI
DOGE and LTC are both seeing volatile trading sessions. DOGE picked up with a jump from Wednesday's drop, yet bearish sentiment heightened later on. LTC is trading near its three-week low, with the RSI reaching a point of support of 45.00. Indicators show a possible bearish cycle looming in the near future.
