Fun

Biggest Movers: LTC Moves to 6-Month High, SOL up Nearly 20%

News Feed - 2022-11-24 01:11:51

Biggest Movers: LTC Moves to 6-Month High, SOL up Nearly 20%


Litecoin extended recent gains on Nov. 23, with the token climbing to its highest point since May. The move saw prices climb by nearly 20% in today’s session, and comes ahead of this afternoon’s Federal Open Market Committee (FOMC) minutes. Solana also surged on Wednesday, moving nearly 20% higher. Litecoin (LTC)


Litecoin (LTC) rose for a second straight session, with prices climbing by as much as 23% earlier today.


LTC/USD rallied to a peak of $81.56, which comes less than a day after trading at a low of $63.20.


The surge in price, which saw LTC move nearly $20.00 higher, sent the token to its strongest point since May 9. LTC/USD – Daily Chart


Looking at the chart, today’s rally also comes as LTC broke past another resistance level, this time surging beyond the $73.00 mark.


In addition to this, the 14-day relative strength index (RSI) continued to maintain recent momentum, moving to a top of 71.01 on Wednesday.


The next visible ceiling appears to be the 73.50 mark, and should this point hold firm, we may see traders begin to secure earlier gains. Solana (SOL)


Solana (SOL) was another notable gainer in today’s session, as the token rebounded from recent lows.


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


As a result of today’s surge, solana, which has been one of the most impacted tokens following the FTX collapse, was back above a floor of $12.00. SOL/USD – Daily Chart


In addition to the price floor, the RSI index also moved past a floor of its own at 30.00, and is currently tracking at 31.76.


Looking at the chart, the next visible resistance level appears to be the $14.50 mark, which may be where bulls are hoping to take prices.


Prices have since dropped from earlier highs, with SOL currently trading at $13.07.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, Bullish, litecoin, LTC, SOL, Solana


Do you expect solana to recover from the damage caused by the FTX collapse? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, Coinbase Confirms Holding 2 Million BTC MARKET UPDATES | 10 hours ago Biggest Movers: LTC up 12%, Hitting a 3-Week High MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleElon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried Next articleBankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework


Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Tony Hawk"s Latest NFTs to Come With Signed Physical Skateboards Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa
LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa press release PRESS RELEASE. Internet City, Dubai, Nov. 11th, 2022 —
Bitcoin breaches $60K for the first time in over 2 years
Zoltan Vardai10 hours agoBitcoin breaches $60K for the first time in over 2 yearsThe last time Bitcoin traded above $60,000 was in November 2021, shortly after it reached its all-time high. Is a “pre-halving retracemen
GoCrypto Celebrates as Ljubljana Ranked Most Crypto-Friendly City in Europe
GoCrypto Celebrates as Ljubljana Ranked Most Crypto-Friendly City in Europe sponsored The adoption of crypto assets among individuals and businesses has been rapidly spreading over
White House Backs Crypto Tax Amendment Endorsing Proof-of-Work in Infrastructure Bill
White House Backs Crypto Tax Amendment Endorsing Proof-of-Work in Infrastructure Bill The White House has endorsed an amendment to the $1 trillion Infrastructure
Savannah Fortis10 hours agoChinese city implements plan for blockchain digital infrastructure system by 2025The government of Shanghai has implemented a strategic plan to develop its urban blockchain digital infrastructu
Uber’s Latest Awful Idea Delivers Personal Loans to Drivers
Uber may be considering a small personal loan product for its drivers. That might be a good idea for Uber, but is terrible for drivers. | Source: ShutterstockUber may be considering
First AMM Layer2 DEX ZKSwap Announces Testnet Incentive Program with 1 Million ZKS Tokens Rewards
First AMM Layer2 DEX ZKSwap Announces Testnet Incentive Program with 1 Million ZKS Tokens Rewards PRESS RELEASE. ZKSwap developed by L2Lab is the first layer2 de
SportIcon Launches Innovative NFT Platform That Connects Fans With Exclusive Athlete Content
SportIcon Launches Innovative NFT Platform That Connects Fans With Exclusive Athlete Content press release PRESS RELEASE. NFTs have emerged as a unique digital asset in the past 24
Amaka Nwaokocha14 hours agoPatricia exchange CEO announces debt restructuring via convertible notesFejiro Hanu also revealed that the shares will be managed by a Nigerian Securities and Exchange Commission-licensed trust
Germany Auctions Bitcoin Seized From Darknet: Bargain Hunters Flock to Buy Cheap BTC
Germany Auctions Bitcoin Seized From Darknet: Bargain Hunters Flock to Buy Cheap BTC German authorities are auctioning bitcoin seized from the darknet in cybercrime cases. The auct
Stock Exchange of Thailand to Launch Digital Asset Exchange ‘Very Soon’
Stock Exchange of Thailand to Launch Digital Asset Exchange "Very Soon" The Stock Exchange of Thailand is getting ready to launch a digital asset exchange. The president of the Tha
Bitcoin, Ethereum Technical Analysis: BTC Hits $48,000 as ETH Nears January High of $3,500 
Bitcoin, Ethereum Technical Analysis: BTC Hits $48,000 as ETH Nears January High of $3,500  Bitcoin briefly hit a high above $48,000 on Tuesday, as prices of the world’s la