Biggest Movers: LTC, SOL Climb to 1-Week Highs on Monday

Solana prolonged current positive aspects on Monday, because the token rose to a one-week excessive, following current declines. The token dropped beneath the $20.00 degree final week, as a pink wave hit cryptocurrency markets. Litecoin was additionally increased in the present day, climbing by practically 7%.

Solana (SOL)

Solana (SOL) rose to a one-week excessive on Monday, as momentum shifted following a current bear run.

SOL/USD surged to a peak of $21.49 earlier in in the present day’s session., which comes after Sunday’s low of $20.65.

On account of this rally, solana moved to its strongest level since final Monday, when value was near $22.00.

SOL/USD – Every day Chart

One of many catalysts of in the present day’s positive aspects got here because the 14-day relative power index (RSI) broke out of a ceiling at 45.00.

The index is now monitoring at 48.31, which is its highest studying in nearly ten days of buying and selling.

Ought to present sentiment lengthen all through the week, there’s a good likelihood SOL will close to its long-term resistance at $24.00.

Litecoin (LTC)

Moreover, litecoin (LTC) additionally moved increased in in the present day’s session, with value climbing by as a lot as 7%.

Following a low of $81.75 on Sunday, LTC/USD raced to an intraday excessive of $87.54 earlier in the day.

This bounce resulted in the token reaching its highest level since March 6, which is the final time LTC was buying and selling near the $90.00 mark.

LTC/USD – Every day Chart

From the chart, a breakout of the RSI has additionally occurred right here, with a ceiling at 51.00 being damaged.

On the time of writing, value power is now on the 54.15 mark, with the following seen level of resistance being 58.00.

There’s a sturdy chance that litecoin may transfer above $90.00 in the approaching days.

What’s behind in the present day’s surge in value? Tell us your ideas in the feedback.

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