Greatest Movers: LTC Again Underneath $90.00, as SOL Extends DeclinesMay 1, 2023
Litecoin fell beneath the $90.00 stage on Monday, as sentiment in cryptocurrency markets remained principally 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 choice. Solana was additionally within the pink right now.
Litecoin (LTC) was down for a second straight session on Monday, as markets ready for the upcoming United States Federal Reserve coverage choice.
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 worth has pushed litecoin to its weakest level since final Wednesday, when the token was at a low of $84.21.
Wanting on the chart, Monday’s transfer got here because the relative energy 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 chance that LTC will transfer again above the $90.00 mark.
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 had been unable to drive a breakout past a ceiling on the $24.00 mark.
One of many catalysts for this was the RSI, which additionally didn’t surge previous a key resistance stage at 55.00
As of writing, worth energy is monitoring at 48.58, with the following seen flooring on the 45.00 zone.
Register your electronic mail right here to get weekly worth evaluation updates despatched to your inbox:
Will solana fall beneath $20.00 this week? Tell us your ideas within the feedback.