LTC and APE Rise: 2-Week Highs in Crypto Markets

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Litecoin rose for a third consecutive session on Tuesday, despite cryptocurrency markets mostly falling lower. The global market cap is currently down by 1.28%, as overall market uncertainty remains high. Apecoin also rallied, extending recent gains.

Litecoin (LTC)

Litecoin (LTC) was once again in the green, as the token rose for a third consecutive session.

LTC/USD surged to a peak of $89.68 in today’s session, after starting the week at a low at $86.42.

Tuesday’s rally has seen litecoin climb to its strongest point since April 30, which is the last time price was above $90.00.

Biggest Movers: LTC Hits 2-Week High, as APE Extends Gains
LTC/USD – Daily Chart

From the chart, it appears that this level is once again the target for bulls, and could very likely be hit in the coming days.

After breaking out of a ceiling at 50.00, the relative strength index (RSI) is now tracking at 56.28.

The next visible point of resistance is now at the 59.00 mark, and should this be hit, not only will LTC be above $90.00, but likely closer to 92.00.

Apecoin (APE)

In addition to LTC, apecoin (APE) also surged on Tuesday, despite current market uncertainty.

Following a low of $3.33 to start the week, APE rose to an intraday high of $3.45 earlier in today’s session.

The gain comes as APE broke out of a ceiling at $3.35, resulting in price climbing to its highest point since May 8.

Biggest Movers: LTC Hits 2-Week High, as APE Extends Gains
APE/USD – Daily Chart

APE has fallen marginally lower from earlier highs, as its RSI failed to overcome a resistance point at 38.00.

At the time of writing, price strength is at the 37.69 mark, with the price now at $3.42.

If bulls are able to break this wall, then there is a good chance that APE could continue its move towards $4.00.

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What is behind the recent apecoin rally? Let us know your thoughts in the comments.

Eliman Dambell

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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