Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rallied for the first time since the Saturday session, when prices were above $100.00. On the other hand, the sunny weather prolonged recent declines, falling as much as 7%.
Litecoin (LTC)
Litecoin (LTC) ended a four-day losing streak on Wednesday as prices moved away from a recent support zone.
LTC/USD rose to an intraday high of $95.36 earlier in today’s session, coming 24 hours after falling to a low of $92.48.
Since hitting a price low of $91.50 to start the week, litecoin bulls have rallied a bit.
This has also delayed what many expected to be an inevitable crossover to the downside, between the 10-day moving average (red) and its 25-day counterpart (blue).
Both trend lines now appear to be heading higher, and this comes as the RSI rose as well.
The index is now at 50.44, after bulls rejected a break below 49.00.
Solana (SUN)
Solana (SOL), on the other hand, extended recent declines as the token remained in the red for the second day in a row.
Following a high of $25.43 on Tuesday, SOL/USD fell to a low of $23.38 earlier in the session.
On the other side of the spectrum, recent bearish sentiment has risen following a false break of a $26.50 top earlier this week.
This comes as the RSI, sitting at 52.58, now looks set to crash into a long-term support point at 50.00.
However, there is a glimmer of hope, with the 10-day moving average (red) crossing the 25-day trend line (blue), which is usually a sign of bullish momentum.
If this were to happen, there is a strong possibility that the SOL will breach the $26.50 ceiling in the next few days.
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Will Solana recover from her recent losses this week? Let us know your thoughts on it in the comments.
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