Ethereum Classic held near a two-month low on March 6 as clouds of uncertainty continued to hover over the market. The global crypto market cap is still bearish at the end of the week, down 0.55% as of this writing. Litecoin also turned lower on Monday.
Ethereum Classic (ETC)
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Ethereum Classic (ETC) started the week trading near its lowest level in two months as crypto market volatility remained high.
ETC/USD fell to an intraday low of $19.26 on Monday after trading at a peak of $20.05.
The move pushed the Ethereum Classic toward Friday’s bottom at $18.89, its weakest point since January 6.
Today’s drop marks the fifth consecutive drop forETC, with an overall decline of more than 8% during that time.
Prices are slightly higher than their previous lows as the 14-day Relative Strength Index (RSI) collided with the bottom at 36.00
As of this writing, the index is hovering at 36.19 and a breakout would see a 30.00 mark for the next floor.
Litecoin (LTC
In addition to Ethereum Classic, Litecoin (LTC) also saw a notable move, with the token falling as much as 4%.
Following a high of $91.27 onLTC/USD fell to a bottom of $87.15 in Monday’s session.
As a result of this move, Litecoin approached a floor of $86.00, where it was last hit on Friday, and also neared a six-week low.
The recentdecline in LTCwas accompanied by a downward crossover of the 10-day (red) and 25-day (blue) moving averages.
In addition to this, the RSI is currently at 40.47, just above support at 40.00.
Although it has remained above this lower limit, it is at its weakest level since December 24 of last year.
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