{"id":20960,"date":"2023-05-15T16:29:26","date_gmt":"2023-05-15T16:29:26","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-sol-climb-to-1-week-highs-on-monday-market-updates-bitcoin-news\/"},"modified":"2023-05-15T16:29:26","modified_gmt":"2023-05-15T16:29:26","slug":"ltc-sol-climb-to-1-week-highs-on-monday-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-sol-climb-to-1-week-highs-on-monday-market-updates-bitcoin-news\/","title":{"rendered":"LTC, SOL Climb to 1-Week Highs on Monday \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Solana extended recent gains on Monday, as the token rose to a one-week high, following recent declines. The token dropped below the $20.00 level last week, as a red wave hit cryptocurrency markets. Litecoin was also higher today, climbing by nearly 7%.<\/strong><\/p>\n

Solana (SOL)<\/h2>\n

Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear run.<\/p>\n

SOL\/USD surged to a peak of $21.49 earlier in today\u2019s session., which comes after Sunday\u2019s low of $20.65.<\/p>\n

As a result of this rally, solana moved to its strongest point since last Monday, when price was close to $22.00.<\/p>\n

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

One of the catalysts of today\u2019s gains came as the 14-day relative strength index (RSI) broke out of a ceiling at 45.00.<\/p>\n

The index is now tracking at 48.31, which is its highest reading in almost ten days of trading.<\/p>\n

Should current sentiment extend throughout the week, there is a good chance SOL will near its long-term resistance at $24.00.<\/p>\n

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

Additionally, litecoin (LTC<\/a>) also moved higher in today\u2019s session, with price climbing by as much as 7%.<\/p>\n

Following a low of $81.75 on Sunday, LTC<\/a>\/USD raced to an intraday high of $87.54 earlier in the day.<\/p>\n

This jump resulted in the token reaching its highest point since March 6, which is the last time LTC<\/a> was trading close to the $90.00 mark.<\/p>\n

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

From the chart, a breakout of the RSI has also occurred here, with a ceiling at 51.00 being broken.<\/p>\n

At the time of writing, price strength is now at the 54.15 mark, with the next visible point of resistance being 58.00.<\/p>\n

There is a strong possibility that litecoin could move above $90.00 in the coming days.<\/p>\n

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

What is behind today\u2019s surge in price? 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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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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