Biggest Movers: ETC Remains Near 2-Month Low, LTC Down by 4% on Monday

Ethereum classical remained adjacent a two-month debased connected March 6, arsenic a unreality of uncertainty continued to hover implicit markets. The planetary crypto marketplace headdress remained bearish to commencement the week, and is down 0.55% astatine the clip of writing. Litecoin besides moved little connected Monday.

Ethereum Classic (ETC)

Ethereum classical (ETC) started the week trading adjacent to a two-month low, arsenic volatility successful crypto markets remained high.

ETC/USD slipped to an intraday debased of $19.26 connected Monday, a time aft trading astatine a highest of $20.05.

The determination has pushed ethereum classical towards Friday’s bottommost astatine $18.89, which was its weakest constituent since January 6.

ETC/USD – Daily Chart

Overall, today’s driblet has seen ETC autumn for a 5th consecutive session, down by implicit 8% successful that period.

Prices are marginally higher than earlier lows, which comes arsenic the 14-day comparative spot scale (RSI) collided with a level astatine 36.00

At the clip of writing, the scale is tracking astatine 36.19, with the adjacent disposable level astatine the 30.00 mark, successful the lawsuit of a breakout.

Litecoin (LTC)

In summation to ethereum classic, litecoin (LTC) was different notable mover, arsenic the token fell by arsenic overmuch arsenic 4%.

Following a precocious of $91.27 connected Sunday, LTC/USD dropped to a bottommost astatine $87.15 during Monday’s session.

As a effect of this move, litecoin moved person to a level astatine $86.00, which was past deed connected Friday, and besides a six-week low.

LTC/USD – Daily Chart

Recent declines successful LTC person travel pursuing a downward crossover of the 10-day (red), and 25-day (blue) moving averages.

In summation to this, the RSI is present tracking astatine 40.47, which is marginally supra enactment astatine 40.00.

Despite hovering beyond this floor, the scale is astatine its weakest constituent since December 24 past year.

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Do you expect litecoin to rebound successful the coming days? Let america cognize your thoughts successful the comments.

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