Solana rose as much as 15% on Tuesday as the cryptocurrency market momentum shifted higher. The global crypto market size is up 4.42% at the time of writing. Litecoin was another notable move as the token rose to a five-week high.
Solana (SOL)
Bullish sentiment returned to the cryptocurrency market, with Solana (SOL) up 15% in today’s session.
Following a low of $20.18 earlier in the week, SOL/USD rose to a peak of $23.20 on Tuesday.
As a result of today’s move, SOLANA rose to its strongest point since March 20, when the token hit a high of $23.99.
The chart shows that today’s move seems to coincide with the 14-day Relative Strength Index (RSI) moving above the 58.00 ceiling.
As of this writing, the index is hovering at 63.74, just below the upper resistance level of 64.00.
If Solanable can take the RSI above this point, there is a good chance that the price will go above $24.00.
Litecoin (LTC)
In addition to SOL, Litecoin (LTC) also saw a notable rally on Tuesday, with the token moving to a multi-week high.
LTC/USD surged to a high of $96.89 earlier today’s session after trading at a bottom of $92.37 on Monday.
Tuesday’s surge took Litecoin to its highest level since March 2, whenLTCwas trading at $98.34.
The chart shows that the price temporarily exceeded a key resistance level of $95.50, but as the session progressed, these gains were lost.
At the time of writing,LTCis trading at $95.41, still up 2.61% from Monday’s low.
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