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

Ethereum Price Hits 300-Week MA For The Second Time Ever, Here’s What Happened In 2022
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
G Mining Inc. - Bitcoin Cloud Mining with Incredible Prices
Source: Shutterstock Long crypto, short fiat! Looking for an easy and smart investment solution for t
Bitcoin Faces Persistent Resistance at $100K, Analyst Eyes Next Step
Este artículo también está disponible en español. Weeks after hitting an all-time high above $109,000, Bitcoin’s price remains under pressure. It is currently trading b
Jesse Coghlan8 hours agoBinance.US cuts third of staff as CEO Brian Shroder leavesThe staff cut and departure comes amid legal action from United States regulators.2815 Total views28 Total sharesListen to article 0:00New
US Bitcoin, Ethereum ETFs hit $6B volume amid market rout
Felix Ng8 hours agoUS Bitcoin, Ethereum ETFs hit $6B volume amid market routBitcoin plunged to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.5226 Tot
MetaOasis AVAX Hackathon News Report
MetaOasis AVAX Hackathon News Report press release PRESS RELEASE. MetaOasis Wins the Double in Hackathon Competitions
Ethereum Slips Below Triangle—Is A $1,600 Crash Next?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Central Bank of Ecuador Might Regulate Cryptocurrencies This Year
Central Bank of Ecuador Might Regulate Cryptocurrencies This Year The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to
Red Bull Racing Partners With Bybit, F1 Team Says It’s the ‘Largest per Annum Crypto Sports Deal to Date’
Red Bull Racing Partners With Bybit, F1 Team Says It"s the "Largest per Annum Crypto Sports Deal to Date" Red Bull Racing (RBR) has announced the cryptocurrency exchange platform B
Tristan Greene3 hours agoAI21 Labs debuts anti-hallucination feature for GPT chatbotsContextual Answers is designed for enterprise but could have far-reaching implications for the generative AI sector.1219 Total views6 T
Potential Trump victory and rising global liquidy may benefit crypto, analyst says
Marco Castrovilli7 hours agoPotential Trump victory and rising global liquidy may benefit crypto, analyst saysMacroeconomist Lyn Alden assesses the potential impacts of the 2024 US presidential election outcome on Bitcoi
Bitcoin ETFs See $1.6B Inflows This Week – Is BTC Reaching A New ATH Soon?
Este artículo también está disponible en español. Bitcoin is holding strong above $67,000 after setting a new local high of around $68,300, fueling excitement among inves