Biggest Movers: LTC Snaps Losing Streak, SOL Moves 7% Lower

Litecoin snapped a four-day losing streak connected Feb. 22, contempt cryptocurrency markets mostly trading lower. The token roseate for the archetypal clip since Saturday’s session, erstwhile prices were supra $100.00. On the different hand, solana extended caller declines, falling by arsenic overmuch arsenic 7%.

Litecoin (LTC)

Litecoin (LTC) ended a four-day losing streak connected Wednesday, arsenic prices moved distant from a caller enactment zone.

LTC/USD roseate to an intraday precocious of $95.36 earlier successful today’s session, which comes 24 hours aft falling to a debased of $92.48.

Since hitting a terms level of $91.50 to commencement the week, litecoin bulls person somewhat resurfaced.

LTC/USD – Daily Chart

This has besides delayed what galore expected to beryllium an inevitable downward crossover, betwixt the 10-day (red) moving average, and its 25-day (blue) counterpart.

Both inclination lines present look to beryllium heading upwards, and this comes arsenic the comparative spot scale (RSI) besides climbed.

The scale is present tracking astatine 50.44, aft bulls rejected a breakout of a level astatine 49.00.

Solana (SOL)

Solana (SOL), connected the different hand, extended caller declines, arsenic the token remained successful the reddish for a 2nd consecutive day.

Following a precocious of $25.43 connected Tuesday, SOL/USD slipped to a bottommost of $23.38 earlier successful the session.

On the different broadside of the spectrum, caller bearish sentiment has risen pursuing a mendacious breakout of a ceiling astatine $26.50 earlier this week.

SOL/USD – Daily Chart

This comes arsenic the RSI, which is tracking astatine 52.58, present looks acceptable to collide with a semipermanent enactment constituent astatine 50.00.

A glimmer of anticipation does beryllium however, with the 10-day (red) moving mean crossing implicit the 25-day (blue) inclination line, which is typically a motion of upward momentum.

Should this happen, determination is simply a beardown accidental that SOL could determination beyond a ceiling astatine $26.50 successful the upcoming days.

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Will solana rebound from its caller losses this week? Let america cognize your thoughts successful the comments.

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