Biggest Movers: LTC, ETC Rebound on Monday, Despite Bearish Sentiment

Litecoin was backmost successful the greenish to commencement the week, contempt the crypto marketplace continuing to inclination mostly lower. At the clip of writing, the planetary marketplace headdress is down 0.59%, pursuing a caller reddish wave. Ethereum classical besides climbed higher connected Monday, hitting a four-day precocious successful the process.

Litecoin (LTC)

Litecoin (LTC) roseate for a 3rd consecutive league connected Monday, arsenic the token continued to determination distant from a caller nine-month low.

Following a bottommost astatine $64.33 connected Sunday, LTC/USD jumped to an intraday highest of $66.70 earlier successful the day.

LTC has mostly been successful the greenish since falling to its lowest constituent since November, during past week’s session.

As a effect of caller bearish momentum, the 14-day comparative spot scale (RSI) dropped beneath the 20.00 mark.

Currently, the scale is astatine a speechmaking of 21.13, which is marginally beneath an upcoming absorption level of 23.00.

If litecoin were to interruption retired of this level, the adjacent terms people volition apt beryllium $70.00.

Ethereum Classic (ETC)

Additionally, ethereum classical besides moved higher to commencement the week, pursuing a caller driblet beneath a level astatine $15.00.

ETC/USD roseate to a precocious of $15.90 earlier successful the day, which comes little than 24 hours aft trading astatine a debased of $15.38.

Today’s highest sees ethereum classical commercialized astatine its highest constituent since past Thursday, erstwhile terms was implicit $16.00.

Price spot connected ETC is present hovering astir 28.00, with a ceiling of 29.00 the adjacent obstacle to overcome.

Should it emergence beyond this hurdle, determination is simply a bully accidental that ETC volition beryllium supra $16.00.

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Do you expect bulls to instrumentality to the marketplace this week? Let america cognize your thoughts successful the comments.