Hex, Litecoin Rallies Post FOMC As BTC, ETH Undergo Corrections
The collection cryptocurrency market slumped after FOMC data. Most assets were witnessing a significant drop in their value. Thanks to the Securities and Exchange Commission [SEC] intervention, assets like Tron [TRX] and XRP were seen enduring a significant dip. However, two digital assets managed to defy market sentiment and rallied positively. Richard Heart’s Hex [HEX] is one of them while Litecoin [LTC] followed right after.
According to recent data, HEX was bagging double-digit gains. At press time, the altcoin was trading for $0.1225 with a 16.95% daily surge. The asset rose all the way up from a low of $0.09908, earlier today. Additionally, the daily trading volume of HEX was up by an astounding 230%.
The above chart points out how the altcoin managed to break past two significant levels of resistance. First, HEX pushed beyond $0.0775 and then earlier today, it rose above $0.0951 as well. This upswing can be attributed to the increased buying pressure in the market. The Relative Strength Index [RSI] indicator suggested that HEX was being overbought at the moment. This abrupt surge was not so abrupt after all. The much-awaited Pulsechain V3 Testnet was launched today. Now that the update is available for public testing, the asset recorded a major boost.
Litecoin rises by nearly 8%
Alongside HEX, Litecoin was seen pocketing major profits. The asset was trading for $88.07 with an 8.05% rise over the last 24 hours. Similar to HEX, there was increased trading activity in the LTC ecosystem. The asset’s daily trading volume was up by 103%.
The RSI indicator used in Litecoin’s one-hour chart also exhibited elevated buying pressure. While the reason behind the sudden focus on Litecoin was unknown, 48% of the asset’s holders were making profits. Additionally, the social volume and dominance of both these assets were at a peak.
In a sea of huge news across crypto today, there were standouts with leading combined social and market activity, as measured by LunarCrush AltRank
— LunarCrush (@LunarCrush) March 23, 2023.
Top
1⃣ $ltc
2⃣ $hex
3⃣ $apt
4⃣ $stx
5⃣ $agix
6⃣ $rlc
7⃣ $mask
8⃣ $rndr
9⃣ $blur$perlhttps://t.co/2M0mTYuru2 $alts pic.twitter.com/bKHvtjLWRj
Read More
Litecoin: $855K ETF inflow sparks new life – Next target is $105 IF…
XRP Remains Deeply Undervalued As Real-World Settlement Expands, Bayberry Capital Says
Hex, Litecoin Rallies Post FOMC As BTC, ETH Undergo Corrections
The collection cryptocurrency market slumped after FOMC data. Most assets were witnessing a significant drop in their value. Thanks to the Securities and Exchange Commission [SEC] intervention, assets like Tron [TRX] and XRP were seen enduring a significant dip. However, two digital assets managed to defy market sentiment and rallied positively. Richard Heart’s Hex [HEX] is one of them while Litecoin [LTC] followed right after.
According to recent data, HEX was bagging double-digit gains. At press time, the altcoin was trading for $0.1225 with a 16.95% daily surge. The asset rose all the way up from a low of $0.09908, earlier today. Additionally, the daily trading volume of HEX was up by an astounding 230%.
The above chart points out how the altcoin managed to break past two significant levels of resistance. First, HEX pushed beyond $0.0775 and then earlier today, it rose above $0.0951 as well. This upswing can be attributed to the increased buying pressure in the market. The Relative Strength Index [RSI] indicator suggested that HEX was being overbought at the moment. This abrupt surge was not so abrupt after all. The much-awaited Pulsechain V3 Testnet was launched today. Now that the update is available for public testing, the asset recorded a major boost.
Litecoin rises by nearly 8%
Alongside HEX, Litecoin was seen pocketing major profits. The asset was trading for $88.07 with an 8.05% rise over the last 24 hours. Similar to HEX, there was increased trading activity in the LTC ecosystem. The asset’s daily trading volume was up by 103%.
The RSI indicator used in Litecoin’s one-hour chart also exhibited elevated buying pressure. While the reason behind the sudden focus on Litecoin was unknown, 48% of the asset’s holders were making profits. Additionally, the social volume and dominance of both these assets were at a peak.
In a sea of huge news across crypto today, there were standouts with leading combined social and market activity, as measured by LunarCrush AltRank
— LunarCrush (@LunarCrush) March 23, 2023
Top
1⃣ $ltc
2⃣ $hex
3⃣ $apt
4⃣ $stx
5⃣ $agix
6⃣ $rlc
7⃣ $mask
8⃣ $rndr
9⃣ $blur
Read More
Litecoin: $855K ETF inflow sparks new life – Next target is $105 IF…