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Biggest Movers: LTC Back Under $90.00, as SOL Extends Declines Litecoin fell below the $90.00 level on Monday, as sentiment in cryptocurrency markets remained mostly bearish. The global market cap is down 1.87% at the time of writing, which seems to be a result of the upcoming Federal Reserve interest rate decision. Solana was also in the red today. Litecoin ( LTC ) Litecoin ( LTC ) was down for a second straight session on Monday, as markets prepared for the upcoming United States Federal Reserve policy decision. LTC /USD dropped to low at $86.83 earlier in today’s session, which comes 24 hours after trading at a high of $91.39. Today’s drop in price has pushed litecoin to its weakest point since last Wednesday, when the token was at a low of $84.21. LTC /USD – Daily Chart Looking at the chart, Monday’s move came as the relative strength index (RSI) fell to a support level at 44.00. At the time of writing, the index is tracking at 44.80, with an upcoming ceiling of 50.00 a potential target for bulls. Should this point be hit, there is a strong possibility that LTC will move back above the $90.00 mark. Solana (SOL) In addition to litecoin, solana (SOL) was another notable mover on Monday, as the token fell for a third consecutive day. Following a high of $23.93 on Sunday, SOL/USD slipped to a bottom of $22.05 earlier in the day. This bearish spell started after bulls were unable to force a breakout beyond a ceiling at the $24.00 mark. SOL/USD – Daily Chart One of the catalysts for this was the RSI, which also failed to surge past a key resistance level at 55.00 As of writing, price strength is tracking at 48.58, with the next visible floor at the 45.00 zone. Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis , litecoin , LTC , SOL , Solana Will solana fall below $20.00 this week? Let us know your thoughts in the comments. Eliman Dambell Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder. Bitcoin, Ethereum Technical Analysis: BTC, ETH Start Week Lower, Ahead of Key Economic Events MARKET UPDATES | 4 hours ago Biggest Movers: ADA, SOL Jump 9% Higher on Wednesday MARKET UPDATES | 5 days ago Image Credits : Shutterstock, Pixabay, Wiki Commons Previous article Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks Disclaimer : This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer Show comments More Popular News In Case You Missed It Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well' The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more. SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms
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