LTC jumps 13% higher, as DOGE rebounds from recent losses.
Overall, the move has pushed the 10-day moving average closer to an upwards crossover with the 25-day moving average.
Although some will be anticipating a cross, there appears to be a hurdle in place, which comes in the form of a ceiling on the relative strength index . At the time of writing, the index is tracking at 55.35, which is marginally below the aforementioned resistance zone at 56.00.Following a low of $0.07213 on Wednesday, DOGE/USD rose to a peak of $0.07819 earlier today.
The move saw DOGE rebound from yesterday’s losses, hitting its highest point since last Saturday in the process.Looking at the chart, today’s surge has sent the 10-day moving average to the brink of a cross with its 25-day counterpart., will have to come once the RSI breaks free of a current point of resistance.Register your email here to get weekly price analysis updates sent to your inbox:
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