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Solana prolonged latest positive aspects on Monday, because the token rose to a one-week excessive, following latest declines. The token dropped under the $20.00 degree final week, as a purple wave hit cryptocurrency markets. Litecoin was additionally greater right this moment, climbing by practically 7%.
Solana (SOL)
Solana (SOL) rose to a one-week excessive on Monday, as momentum shifted following a latest bear run.
SOL/USD surged to a peak of $21.49 earlier in right this moment’s session., which comes after Sunday’s low of $20.65.
On account of this rally, solana moved to its strongest level since final Monday, when value was near $22.00.
One of many catalysts of right this moment’s positive aspects got here because the 14-day relative energy index (RSI) broke out of a ceiling at 45.00.
The index is now monitoring at 48.31, which is its highest studying in nearly ten days of buying and selling.
Ought to present sentiment prolong all through the week, there’s a good probability SOL will close to its long-term resistance at $24.00.
Litecoin (LTC)
Moreover, litecoin (LTC) additionally moved greater in right this moment’s session, with value climbing by as a lot as 7%.
Following a low of $81.75 on Sunday, LTC/USD raced to an intraday excessive of $87.54 earlier within the day.
This soar resulted within the token reaching its highest level since March 6, which is the final time LTC was buying and selling near the $90.00 mark.
From the chart, a breakout of the RSI has additionally occurred right here, with a ceiling at 51.00 being damaged.
On the time of writing, value energy is now on the 54.15 mark, with the following seen level of resistance being 58.00.
There’s a sturdy risk that litecoin may transfer above $90.00 within the coming days.
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