Litecoin snapped a four-day shedding streak on Feb. 22, regardless of cryptocurrency markets principally buying and selling decrease. The token rose for the primary time since Saturday’s session, when costs had been above $100.00. Then again, solana prolonged latest declines, falling by as a lot as 7%.
Litecoin (LTC)
Litecoin (LTC) ended a four-day shedding streak on Wednesday, as costs moved away from a latest assist zone.
LTC/USD rose to an intraday excessive of $95.36 earlier in right now’s session, which comes 24 hours after falling to a low of $92.48.
Since hitting a value ground of $91.50 to start out the week, litecoin bulls have considerably resurfaced.
This has additionally delayed what many anticipated to be an inevitable downward crossover, between the 10-day (pink) transferring common, and its 25-day (blue) counterpart.
Each development strains now appear to be heading upwards, and this comes because the relative power index (RSI) additionally climbed.
The index is now monitoring at 50.44, after bulls rejected a breakout of a ground at 49.00.
Solana (SOL)
Solana (SOL), however, prolonged latest declines, because the token remained within the pink for a second straight day.
Following a excessive of $25.43 on Tuesday, SOL/USD slipped to a backside of $23.38 earlier within the session.
On the opposite facet of the spectrum, latest bearish sentiment has risen following a false breakout of a ceiling at $26.50 earlier this week.
This comes because the RSI, which is monitoring at 52.58, now seems set to collide with a long-term assist level at 50.00.
A glimmer of hope does exist nevertheless, with the 10-day (pink) transferring common crossing over the 25-day (blue) development line, which is usually an indication of upward momentum.
Ought to this occur, there’s a sturdy probability that SOL may transfer past a ceiling at $26.50 within the upcoming days.
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