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Litecoin fell beneath the $90.00 stage on Monday, as sentiment in cryptocurrency markets remained largely bearish. The worldwide market cap is down 1.87% on the time of writing, which appears to be a results of the upcoming Federal Reserve rate of interest determination. Solana was additionally within the crimson right now.
Litecoin (LTC)
Litecoin (LTC) was down for a second straight session on Monday, as markets ready for the upcoming United States Federal Reserve coverage determination.
LTC/USD dropped to low at $86.83 earlier in right now’s session, which comes 24 hours after buying and selling at a excessive of $91.39.
At the moment’s drop in value has pushed litecoin to its weakest level since final Wednesday, when the token was at a low of $84.21.
Trying on the chart, Monday’s transfer got here because the relative power index (RSI) fell to a assist stage at 44.00.
On the time of writing, the index is monitoring at 44.80, with an upcoming ceiling of fifty.00 a possible goal for bulls.
Ought to this level be hit, there’s a robust risk that LTC will transfer again above the $90.00 mark.
Solana (SOL)
Along with litecoin, solana (SOL) was one other notable mover on Monday, because the token fell for a 3rd consecutive day.
Following a excessive of $23.93 on Sunday, SOL/USD slipped to a backside of $22.05 earlier within the day.
This bearish spell began after bulls have been unable to power a breakout past a ceiling on the $24.00 mark.
One of many catalysts for this was the RSI, which additionally did not surge previous a key resistance stage at 55.00
As of writing, value power is monitoring at 48.58, with the following seen flooring on the 45.00 zone.
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