LTC surges to 3-week high, as LINK nears $6.50.
In addition to this, the 14-day relative strength index broke out of a ceiling of its own at 61.00, and is currently tracking at 62.01.
Bulls will likely look to maintain this current momentum, with a target of $70.00 a potential exit point.Chainlink was another notable mover in today’s session, with prices moving higher for a second straight session. LINK/USD moved to a peak of $6.29 earlier in the day, which comes less than 24 hours after residing at a low of $5.58.
The move saw the token continue to move away from a recent floor of $5.85, on its way to a five-day high.As of writing, LINK is trading over 7% higher, with bullish momentum gaining, following a breakout of a key ceiling on the RSI indicator. The index is currently tracking at 45.31, which is marginally above the aforementioned ceiling of 44.00.Register your email here to get weekly price analysis updates sent to your inbox:
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