• Solana (SOL) and Litecoin (LTC) both rose to one-week highs on Monday, with SOL/USD hitting a peak of $21.49 and LTC/USD surging to an intraday high of $87.54.
• The 14-day relative strength index (RSI) broke out of a ceiling at 45.00 for SOL, and 51.00 for LTC – which could be catalysts for further gains in the coming days.
• Both tokens have been volatile throughout the past month, with both prices rising above their long-term resistances in mid-March before dropping back down last week.
Biggest Movers: LTC, SOL Climb to 1-Week Highs on Monday
Solana (SOL) and Litecoin (LTC) extended recent gains on Monday, as the tokens rose to one-week highs following recent declines below key levels. SOL/USD surged to a peak of $21.49 earlier in today’s session and LTC/USD raced to an intraday high of $87.54, reaching its highest point since March 6th when price was close to the $90 mark.
Solana (SOL)
Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear run that dropped the token’s price below the $20 level last week. This rally moved Solana up to its strongest point since last Monday when price was close to $22 per token. One of the catalysts of today’s gains came as the 14-day relative strength index (RSI) broke out of a ceiling at 45 – now tracking at 48.31 which is its highest reading in almost ten days of trading – pointing towards more positive sentiment from buyers going forward that could see SOL near its long-term resistance at $24 soon if current sentiment continues throughout the week ahead..
Litecoin (LTC)
Litecoin also moved higher in today’s session, with price climbing by nearly 7%. Following Sunday’s low of $81.75, LTC/USD raced up to an intraday peak of $87.54 earlier today – moving back above its long term resistance level from March 6th near the $90 mark once again after dropping away from this level last week due to market volatility and investor caution putting downward pressure on these digital assets over recent days.. A breakout in RSI also occurred here too – with a ceiling at 51 being broken – now tracking at 54 currently which points towards more positive sentiment once again potentially pushing this asset even higher going forwards into next week if current bullishness can continue among traders over this period .
Market Outlook
Both solana and litecoin have been volatile throughout April so far – dropping away from their long term resistances before regaining some ground again over recent sessions due partly thanks breakouts seen in their respective RSIs as detailed above . As such , it will be interesting to watch these assets closely over upcoming periods , particularly how they respond if any new regulatory updates are released or other news events begin influencing markets either positively or negatively .