Biggest Movers: SOL 15% Higher, as LTC Hits 5-Week High

2 years ago

Solana was up by arsenic overmuch arsenic 15% connected Tuesday, arsenic momentum successful cryptocurrency markets shifted higher. The planetary crypto marketplace headdress is up by 4.42% astatine the clip of writing. Litecoin was different notable mover, arsenic the token roseate to a five-week high.

Solana (SOL)

Solana (SOL) roseate by arsenic overmuch arsenic 15% successful today’s session, arsenic bullish sentiment returned to cryptocurrency markets.

Following a debased of $20.18 to commencement the week, SOL/USD roseate to a highest of $23.20 connected Tuesday.

As a effect of today’s move, solana roseate to its strongest constituent since March 20, erstwhile the token was astatine a precocious of $23.99.

SOL/USD – Daily Chart

From the chart, it appears that today’s determination coincided with the 14-day comparative spot scale (RSI) moving beyond a ceiling astatine 58.00.

At the clip of writing, the scale is tracking astatine 63.74, which is marginally beneath a higher absorption level of 64.00.

Should solana bulls instrumentality the RSI beyond this point, past determination is simply a bully accidental that terms could determination supra $24.00.

Litecoin (LTC)

In summation to SOL, litecoin (LTC) was different notable gainer connected Tuesday, arsenic the token moved to a multi-week high.

LTC/USD jumped to a precocious of $96.89 earlier successful today’s session, which comes aft trading astatine a bottommost of $92.37 connected Monday.

Tuesday’s surge saw litecoin ascent to its highest level since March 2, erstwhile LTC was trading astatine $98.34.

LTC/USD – Daily Chart

Looking astatine the chart, prices concisely roseate supra a cardinal absorption level of $95.50, nevertheless arsenic the league has progressed, these gains person been lost.

At the clip of writing, LTC is trading astatine $95.41, which remains 2.61% higher than Monday’s low.

Register your email present to get play terms investigation updates sent to your inbox:

What was down today’s crypto rally? Let america cognize your thoughts successful the comments.

Eliman Dambell

Eliman was antecedently a manager of a London-based brokerage, whilst besides an online trading educator. Currently, helium commentates connected assorted plus classes, including Crypto, Stocks and FX, whilst besides a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons, sdx15 / Shutterstock.com

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.

View source