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Weekend in the cryptocurrency market: Alternative currencies that color graphics in green have a lot to offer!

Weekend in the cryptocurrency market: Alternative currencies that color graphics in green have a lot to offer!

Some alternative coins in the cryptocurrency market made their investors smile on the first day of the weekend. XRP is up 5% today despite some declines in yesterday's trading session. LTC prices are also high before the weekend, though the global cryptocurrency market is down 0.51% as of this writing.

Ripple Coin (XRP)


After yesterday's losses, XRP was one of the cryptocurrencies that managed to turn its chart green thanks to some recovery today.
After a low of $0.418, XRP made an intraday high of $0.4501 today.
The move came on the back of stronger bullish momentum at $0.4250 support after bears failed to hold the previous breakout.

The recovery appears to have occurred after the RSI value moved away from the support level at 58.
The index is currently trading at 60.77 and continues to move toward the upper end of the 63 mark.
The 10-day moving average has extended its upward crossover with the 25-day moving average. This means that the rally may continue.

Litecoin (LTC)


Litecoin (LTC) prices got off to a very good start over the weekend. The fact that the cryptocurrency is trading at its highest levels in weeks has excited investors.
On Saturday, LTC rose to $93.97. This volatility occurred within 24 hours of hitting a low of $89.87.
As a result, LTC is now trading at $96.11, which is very close to the $94 resistance point. This level is the highest in the last three weeks.

The event that triggered this rally was the crossing of the 10-day and 25-day moving averages. In addition, the RSI is currently at 56, which is slightly above the resistance level at 57.07.
If the bullish momentum continues, the cryptocurrency could reach the $100 target level.
Important Notice: The material provided is for informational purposes only and does not constitute investment advice. The Rao Cash editorial team is not responsible for your financial decisions. Cryptocurrency assets involve high risks — conduct your own research (DYOR).

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