Crypto News

LTC Moves to 6-Month High, SOL up Nearly 20% – Market Updates Bitcoin News

Litecoin prolonged latest positive factors on Nov. 23, with the token climbing to its highest level since May. The transfer noticed costs climb by almost 20% in as we speak’s session, and comes forward of this afternoon’s Federal Open Market Committee (FOMC) minutes. Solana additionally surged on Wednesday, transferring almost 20% greater.

Litecoin (LTC)

Litecoin (LTC) rose for a second straight session, with costs climbing by as a lot as 23% earlier as we speak.

LTC/USD rallied to a peak of $81.56, which comes lower than a day after buying and selling at a low of $63.20.

The surge in worth, which noticed LTC transfer almost $20.00 greater, despatched the token to its strongest level since May 9.

LTC/USD – Daily Chart

Looking on the chart, as we speak’s rally additionally comes as LTC broke previous one other resistance stage, this time surging past the $73.00 mark.

In addition to this, the 14-day relative power index (RSI) continued to keep latest momentum, transferring to a prime of 71.01 on Wednesday.

The subsequent seen ceiling seems to be the 73.50 mark, and will this level maintain agency, we might even see merchants start to safe earlier positive factors.

Solana (SOL)

Solana (SOL) was one other notable gainer in as we speak’s session, because the token rebounded from latest lows.

SOL/USD, which fell to an all-time low of $10.94 on Tuesday, rallied to an intraday excessive of $13.39 in as we speak’s session.

As a results of as we speak’s surge, solana, which has been probably the most impacted tokens following the FTX collapse, was again above a ground of $12.00.

SOL/USD – Daily Chart

In addition to the worth ground, the RSI index additionally moved previous a ground of its personal at 30.00, and is presently monitoring at 31.76.

Looking on the chart, the following seen resistance stage seems to be the $14.50 mark, which can be the place bulls are hoping to take costs.

Prices have since dropped from earlier highs, with SOL presently buying and selling at $13.07.

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Eliman Dambell

Eliman brings an eclectic standpoint to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. Currently, he acts as a commentator throughout numerous asset lessons, together with Crypto, Stocks and FX.

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