Dogecoin and litecoin surged higher this past Saturday, with the former reaching its nine-days high. DOGE/USD managed to break out of a long-term ceiling of $0.0780, and its Relative Strength Index (RSI) also briefly moved beyond a resistance of its own at 52.00. Litecoin (LTC), on the other hand, reached an intraday high of $93.85, the strongest point since 26 March when it rose up to a peak of $94.92. Nevertheless, the 14-day RSI hovering close to a ceiling of its own, at the 57.00 mark, held back any potential breakout of the $94.00 price point.

The good performance of both digital assets came after Elon Musk's lawyers requested that a lawsuit filed against him by dogecoin investors be dropped. They argued in a statement that 'there is nothing unlawful about tweeting words of support for or funny pictures about a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion', referring to dogecoin.

Dogecoin and litecoin experienced a rise in prices on Saturday, providing investors with evidence that the crypto market is still susceptible to positive news and momentum. Despite the slight pullback of DOGE/USD, their overall performance was encouraging. However, it remains to be seen if bullish sentiment can be maintained in the medium term as the market awaits more reports and updates about crypto.



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