{"id":14754,"date":"2022-11-23T20:42:52","date_gmt":"2022-11-23T20:42:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-moves-to-6-month-high-sol-up-nearly-20-market-updates-bitcoin-news\/"},"modified":"2022-11-23T20:42:52","modified_gmt":"2022-11-23T20:42:52","slug":"ltc-moves-to-6-month-high-sol-up-nearly-20-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-moves-to-6-month-high-sol-up-nearly-20-market-updates-bitcoin-news\/","title":{"rendered":"LTC Moves to 6-Month High, SOL up Nearly 20% \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Litecoin extended recent gains on Nov. 23, with the token climbing to its highest point since May. The move saw prices climb by nearly 20% in today\u2019s session, and comes ahead of this afternoon\u2019s Federal Open Market Committee (FOMC) minutes. Solana also surged on Wednesday, moving nearly 20% higher.<\/strong><\/p>\n

Litecoin (LTC<\/a>)<\/h2>\n

Litecoin (LTC<\/a>) rose for a second straight session, with prices climbing by as much as 23% earlier today.<\/p>\n

LTC<\/a>\/USD rallied to a peak of $81.56, which comes less than a day after trading at a low of $63.20.<\/p>\n

The surge in price, which saw LTC<\/a> move nearly $20.00 higher, sent the token to its strongest point since May 9.<\/p>\n

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LTC<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, today\u2019s rally also comes as LTC<\/a> broke past another resistance level, this time surging beyond the $73.00 mark.<\/p>\n

In addition to this, the 14-day relative strength index (RSI) continued to maintain recent momentum, moving to a top of 71.01 on Wednesday.<\/p>\n

The next visible ceiling appears to be the 73.50 mark, and should this point hold firm, we may see traders begin to secure earlier gains.<\/p>\n

Solana (SOL)<\/h2>\n

Solana (SOL) was another notable gainer in today\u2019s session, as the token rebounded from recent lows.<\/p>\n

SOL\/USD, which fell to an all-time low of $10.94 on Tuesday, rallied to an intraday high of $13.39 in today\u2019s session.<\/p>\n

As a result of today\u2019s surge, solana, which has been one of the most impacted tokens following the FTX collapse, was back above a floor of $12.00.<\/p>\n

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SOL\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

In addition to the price floor, the RSI index also moved past a floor of its own at 30.00, and is currently tracking at 31.76.<\/p>\n

Looking at the chart, the next visible resistance level appears to be the $14.50 mark, which may be where bulls are hoping to take prices.<\/p>\n

Prices have since dropped from earlier highs, with SOL currently trading at $13.07.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Do you expect solana to recover from the damage caused by the FTX collapse? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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