Litecoin rose to a seven-month excessive to start out the week, as cryptocurrency markets continued to react to the most recent U.S. nonfarm payrolls figures. The token was up for a second consecutive session, climbing to its highest level since Could. Shiba inu was additionally a notable gainer on Monday.
Litecoin (LTC) raced to a six-month excessive on Monday, because 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 at present.
This transfer noticed litecoin climb to its strongest level since Could 10, when the token was buying and selling at a excessive of $85.02.
Wanting on the chart, at present’s rally got here because the token moved past a resistance on the $82.70 mark.
Along with this, the 14-day relative power index (RSI) has moved previous a ceiling of its personal on the 66.00 stage.
As of writing, the index is hovering on the 68.43 level, which is its strongest level since November 24.
Shiba Inu (SHIB)
Shiba inu (SHIB) was one other notable gainer on Monday, because the meme coin moved to a three-week excessive.
SHIB/USD surged to a excessive of $0.00001005 to start out the week, which comes after it fell to a backside of $0.000009253 on Sunday.
On account of at present’s features, shiba inu is now buying and selling at its highest level since November 11, and near a key resistance level.
SHIB bulls didn’t take the token past this ceiling at $0.00001010, as an alternative selecting to liquidate earlier positions, and take earnings.
On account of this, SHIB has slipped from earlier highs, and as of writing is buying and selling at $0.000009866.
This comes because the RSI nears a resistance stage of its personal on the 56.00 mark. Presently the index is monitoring at 55.39.
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