Litecoin rose to a seven-month high to start the week, as cryptocurrency markets continued to react to the latest U.S. nonfarm payrolls figures. The token was up for a second consecutive session, climbing to its highest point since May. Shiba inu was also a notable gainer on Monday.
Biggest Movers: LTC Climbs to Highest Level Since May
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Litecoin ( LTC)
Litecoin ( LTC) raced to a six-month high on Monday, as the token climbed for a second consecutive session.
Following a low of $75.93 on Sunday, LTC/USD raced to an intraday peak of $83.49 earlier today.
This move saw litecoin climb to its strongest point since May 10, when the token was trading at a high of $85.02.
-
LTC/USD – Daily Chart
Looking at the chart, today’s rally came as the token moved beyond a resistance at the $82.70 mark.
In addition to this, the 14-day relative strength index ( RSI) has moved past a ceiling of its own at the 66.00 level.
As of writing, the index is hovering at the 68.43 point, which is its strongest point since November 24.
Shiba Inu ( SHIB)
Shiba inu ( SHIB) was another notable gainer on Monday, as the meme coin moved to a three-week high.
SHIB/USD surged to a high of $0.00001005 to start the week, which comes after it fell to a bottom of $0.000009253 on Sunday.
As a result of today’s gains, shiba inu is now trading at its highest point since November 11, and close to a key resistance point.
-
SHIB/USD – Daily Chart
SHIB bulls failed to take the token beyond this ceiling at $0.00001010, instead choosing to liquidate earlier positions, and take profits.
Due to this, SHIB has slipped from earlier highs, and as of writing is trading at $0.000009866.
This comes as the RSI nears a resistance level of its own at the 56.00 mark. Currently the index is tracking at 55.39.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect shiba inu to move beyond $0.00001010 in the coming days? Let us know your thoughts in the comments.
