LTC Climbs to Highest Level Since May – Market Updates Bitcoin News

Litecoin rose to a seven-month high to start the week, as cryptocurrency markets continued to react to the latest US non-farm payrolls numbers. The token was up for a second session in a row, climbing to its highest point since May. The Shiba inu was also a notable winner on Monday.

Litecoin (LTC)

Litecoin (LTC) soared to a six-month high on Monday, as the token climbed for a second straight session.

After a low of $75.93 on Sunday, LTC/USD rallied to an intraday high of $83.49 earlier today.

The move saw litecoin climb to its strongest point since May 10, when the token traded at a high of $85.02.

Looking at the chart, today’s rally came when the token moved past a resistance at the $82.70 mark.

In addition to this, the 14-day relative strength index (RSI) has moved past a separate ceiling at the 66.00 level.

At the time of writing, the index hovers at 68.43 points, which is the strongest point since 24 November.

Shiba Inu (SHIB)

Shiba inu (SHIB) was another notable gainer on Monday, as the meme coin moved to a three-week high.

SHIB/USD rose to a high of $0.00001005 to start the week, which comes after falling to a low of $0.000009253 on Sunday.

As a result of today’s rally, shiba inu is now trading at its highest point since November 11, and close to a key resistance point.

SHIB bulls failed to take the token beyond this $0.00001010 cap, opting instead to liquidate previous positions and take profits.

Because of this, SHIB has fallen from previous highs, and is currently trading at $0.000009866.

This comes as the RSI approaches a separate resistance level at the 56.00 mark. Currently, the index is tracking at 55.39.

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Do you expect shiba inu to move above $0.00001010 in the coming days? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, a former brokerage director and retail educator. Currently, he serves as a commentator across various asset classes, including crypto, stocks and currencies.