LINK jumps to 6-month high, whilst LTC climbs above $100.
Markets were buoyant following stronger than expected Chinese growth data, with the global market cap up 0.45% as of writing. Litecoin also climbed, hitting a two-month high in the process.Chainlink rose to a six-month high on Tuesday, as the global crypto market cap rebounded from Monday’s decline.
LINK/USD rallied to an intraday high of $8.66 in today’s session, a day after trading at a low of $7.97. Today’s surge in price saw chainlink climb to its highest point since November 8, when it traded at a peak of $9.48.Looking at the chart, one of the catalysts of today’s surge in price was a breakout that occurred on the relative strength index .
At the time of writing, price strength has moved beyond a ceiling at the 68.00 mark, and is now tracking at 72.93 This is the strongest reading for the index since February 2021, which could mean that a reversal is on the cards.
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