{"id":20457,"date":"2023-05-01T22:09:16","date_gmt":"2023-05-01T22:09:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-back-under-90-00-as-sol-extends-declines-market-updates-bitcoin-news\/"},"modified":"2023-05-01T22:09:16","modified_gmt":"2023-05-01T22:09:16","slug":"ltc-back-under-90-00-as-sol-extends-declines-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-back-under-90-00-as-sol-extends-declines-market-updates-bitcoin-news\/","title":{"rendered":"LTC Back Under $90.00, as SOL Extends Declines \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Litecoin fell below the $90.00 level on Monday, as sentiment in cryptocurrency markets remained mostly bearish. The global market cap is down 1.87% at the time of writing, which seems to be a result of the upcoming Federal Reserve interest rate decision. Solana was also in the red today.<\/strong><\/p>\n

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

Litecoin (LTC<\/a>) was down for a second straight session on Monday, as markets prepared for the upcoming United States Federal Reserve policy decision.<\/p>\n

LTC<\/a>\/USD dropped to low at $86.83 earlier in today\u2019s session, which comes 24 hours after trading at a high of $91.39.<\/p>\n

Today\u2019s drop in price has pushed litecoin to its weakest point since last Wednesday, when the token was at a low of $84.21.<\/p>\n

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

Looking at the chart, Monday\u2019s move came as the relative strength index (RSI) fell to a support level at 44.00.<\/p>\n

At the time of writing, the index is tracking at 44.80, with an upcoming ceiling of 50.00 a potential target for bulls.<\/p>\n

Should this point be hit, there is a strong possibility that LTC<\/a> will move back above the $90.00 mark.<\/p>\n

Solana (SOL)<\/h2>\n

In addition to litecoin, solana (SOL) was another notable mover on Monday, as the token fell for a third consecutive day.<\/p>\n

Following a high of $23.93 on Sunday, SOL\/USD slipped to a bottom of $22.05 earlier in the day.<\/p>\n

This bearish spell started after bulls were unable to force a breakout beyond a ceiling at the $24.00 mark.<\/p>\n

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

One of the catalysts for this was the RSI, which also failed to surge past a key resistance level at 55.00<\/p>\n

As of writing, price strength is tracking at 48.58, with the next visible floor at the 45.00 zone.<\/p>\n

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

Will solana fall below $20.00 this week? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on 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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