The Shibauravas started the week trading slightly higher despite the cryptocurrency’s near consolidation on February 27. As of this writing, global market capitalization is currently up 0.83% as volatility intensifies. Litecoin also rebounded on Monday, reaching a four-day high.
Shibai Inu (SHIB)
Shibai Inu (SHIB) continued to move away from recent support points to start the week as prices rose slightly on Monday.
Following Sunday’s low of $0.0000124, SHIB/USD ran up to an intraday high of $0.00001307 earlier today.
The move comes as the meme coin bounced back from its long-term price bottom at $0.00001230.
Overall, the SHIB has fallen 7% over the past 7 days following a downward cross between the 10-day (red) and 25-day (blue) moving averages.
In addition to this, the 14-day Relative Strength Index (RSI) also failed to move above its ceiling at the 52.00 mark
The index is currently at 50.44, which is after the bulls rejected a breakout from the 49.00 low.
Litecoin (LTC)
In addition to the SHIB, Litecoin (LTC) also rose to a four-day high.
As a result of today’s gains, the token is now trading at its strongest point since last Thursday.
The initial move came after a breakout of the 50.00 resistance point of the RSI indicator.
At the time of this writing, the index is hovering just above this mark, with the current reading at 50.43.
LTChas since fallen and is now at $94.64, which appears to be the result of tracking price strength near the ceiling.
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