Biggest Movers: LTC Climbs to Highest Level Since May

Biggest Movers: LTC Climbs to Highest Level Since May

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. 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: Tags in this story Analysis, litecoin, LTC, shib, shiba inu

Do you expect shiba inu to move beyond $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, 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: BTC Races to 3-Week High on Monday MARKET UPDATES | 10 hours ago Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session MARKET UPDATES | 2 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleNorth Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme Next articleRBB LAB Uses NFT to Serve Alberto De Luigi and Andreas Kohl Summons 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 ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether