Dogecoin was one of Thursday’s biggest movers, as the meme coin fell by as much as 9%. The decline comes as market sentiment begins to shift, following huge gains to start the week. Litecoin was also in the red today, with prices hovering near the $90.00 level.
Dogecoin (DOGE) fell for a third consecutive session on Thursday, as market sentiment shifted bearish, following strong gains to start the week. DOGE/USD dropped to a low of $0.08857 earlier in the day, which comes less than 24-hours after trading at a high of $0.09804. The meme coin rose to a four-month high earlier in the week, after Twitter changed its logo to a cartoon image of Doge.
Another notable mover on Thursday was litecoin (LTC), which fell towards the $90.00 level. Following a high of $94.44 in yesterday’s session, LTC/USD dropped to a bottom at $90.22 earlier in the day. Overall, it appears that this decline was a result of upwards momentum easing, as the token approached a key price point of $95.00.
(by Eliman Dambell)
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