Biggest Movers: GRT hits 9-month high, LTC snaps streak
On Tuesday Graph (GRT) extended its recent run and registered a gain of over 35% in today’s session. Certainly after 1 day of price reaching a low of $0.1278 we see that GRT/USD managed to reach a 1 day high of $0.1848 earlier in today’s session. As a result of this move we can know that this token jumped from its strong point since 17th May last year and overall till the time of writing we can say that this token has recorded a gain of around 100.63% in the last 7 days and this came after bouncing off the $0.090 support level. As a result of this gain, if we look at the 14-day Relative Strength Index, we see that it has moved deep into overbought territory with a current reading of 87.03 and the bulls are moving towards the gains they have already secured. . For this reason, GRT token has dropped significantly from its earlier highs.
On the other hand, we can see that Litecoin (LTC) has jumped back above $100.00 on Tuesday after trading at a low of $95.57 on Monday, and has certainly touched a high of $100.13 in the process. Today’s price rally sees bitcoin heading towards the $101.75 resistance level, which is close to last Wednesday’s peak of $102.65. Similar to the GRT token, this point reached its highest level since May while the token was trading above $106.00. A major part of this is due to the 14-day Relative Strength Index which is currently hovering near the high of 66.00 with the current reading of 64.53. Certainly if the consolidation in prices reaches this point then we can understand that LTC bulls may abandon the previous positions, and its head may capture its multiple day gains.
