AVAX достигна 1-неделен максимум, бидејќи LTC исто така се искачува по податоците за инфлацијата во САД

Avalanche rose to a one-week high on Tuesday, as markets reacted to the latest inflation report in the United States. Consumer prices rose to 7.1% in November, which was lower than the 7.3% markets had expected. The figure was also 0.6% lower than October’s reading of 7.7%. Litecoin also rebounded on the data, rising by over 6%.

Лавина (AVAX)

Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.

November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.

As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.

Today’s rise saw avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.

The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.

Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.

Лајткоин (ЛТЦ)

Лајткоин (ЛТЦ) also rose in today’s session, with the token rebounding from its losses to start the week.

Following a drop to $73.52, which was the lowest level ЛТЦ/USD had hit since November 29, the token raced to a high of $79.52 earlier today.

This surge in price sent litecoin to its strongest point since December 7, which is the last time price was above $80.00.

Looking at the chart, today’s bullish momentum comes as the RSI bounced from a floor of 55.50, and it is now nearing a ceiling of 61.50.

This move has also sent the 10-day (red) moving average higher, a day after it appeared to be certainly heading for a downwards trend.

What happens on Wednesday with the U.S. Federal Reserve will now dictate how cryptocurrency prices will move during the run-up to the Christmas period.

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Could we see further surges in avalanche following tomorrow’s Fed meeting? Let us know your thoughts in the comments.

Елиман Дембел

Елиман носи еклектична гледна точка за анализа на пазарот, тој претходно беше директор на брокерство и едукатор за трговија на мало. Во моментов, тој делува како коментатор во различни класи на средства, вклучително и Crypto, Stocks и FX.