{"id":17958,"date":"2023-02-22T17:14:16","date_gmt":"2023-02-22T17:14:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-snaps-losing-streak-sol-moves-7-lower-market-updates-bitcoin-news\/"},"modified":"2023-02-22T17:14:16","modified_gmt":"2023-02-22T17:14:16","slug":"ltc-snaps-losing-streak-sol-moves-7-lower-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-snaps-losing-streak-sol-moves-7-lower-market-updates-bitcoin-news\/","title":{"rendered":"LTC Snaps Losing Streak, SOL Moves 7% Lower \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first time since Saturday\u2019s session, when prices were above $100.00. On the other hand, solana extended recent declines, falling by as much as 7%.<\/strong><\/p>\n

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

Litecoin (LTC<\/a>) ended a four-day losing streak on Wednesday, as prices moved away from a recent support zone.<\/p>\n

LTC<\/a>\/USD rose to an intraday high of $95.36 earlier in today\u2019s session, which comes 24 hours after falling to a low of $92.48.<\/p>\n

Since hitting a price floor of $91.50 to start the week, litecoin bulls have somewhat resurfaced.<\/p>\n

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

This has also delayed what many expected to be an inevitable downward crossover, between the 10-day (red) moving average, and its 25-day (blue) counterpart.<\/p>\n

Both trend lines now seem to be heading upwards, and this comes as the relative strength index (RSI) also climbed.<\/p>\n

The index is now tracking at 50.44, after bulls rejected a breakout of a floor at 49.00.<\/p>\n

Solana (SOL)<\/h2>\n

Solana (SOL), on the other hand, extended recent declines, as the token remained in the red for a second straight day.<\/p>\n

Following a high of $25.43 on Tuesday, SOL\/USD slipped to a bottom of $23.38 earlier in the session.<\/p>\n

On the other side of the spectrum, recent bearish sentiment has risen following a false breakout of a ceiling at $26.50 earlier this week.<\/p>\n

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

This comes as the RSI, which is tracking at 52.58, now looks set to collide with a long-term support point at 50.00.<\/p>\n

A glimmer of hope does exist however, with the 10-day (red) moving average crossing over the 25-day (blue) trend line, which is typically a sign of upward momentum.<\/p>\n

Should this happen, there is a strong chance that SOL could move beyond a ceiling at $26.50 in the upcoming days.<\/p>\n

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

Will solana rebound from its recent losses this week? 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 online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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

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