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Litecoin rose to a seven-month excessive to begin the week, as cryptocurrency markets continued to react to the newest U.S. nonfarm payrolls figures. The token was up for a second consecutive session, climbing to its highest level since Could. Shiba inu was additionally a notable gainer on Monday.
Litecoin (LTC)
Litecoin (LTC) raced to a six-month excessive on Monday, because the token climbed for a second consecutive session.
Following a low of $75.93 on Sunday, LTC/USD raced to an intraday peak of $83.49 earlier immediately.
This transfer noticed litecoin climb to its strongest level since Could 10, when the token was buying and selling at a excessive of $85.02.
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LTC/USD – Each day Chart
Trying on the chart, immediately’s rally got here because the token moved past a resistance on the $82.70 mark.
Along with this, the 14-day relative energy index (RSI) has moved previous a ceiling of its personal on the 66.00 stage.
As of writing, the index is hovering on the 68.43 level, which is its strongest level since November 24.
Shiba Inu (SHIB)
Shiba inu (SHIB) was one other notable gainer on Monday, because the meme coin moved to a three-week excessive.
SHIB/USD surged to a excessive of $0.00001005 to begin the week, which comes after it fell to a backside of $0.000009253 on Sunday.
Because of immediately’s beneficial properties, shiba inu is now buying and selling at its highest level since November 11, and near a key resistance level.
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SHIB/USD – Each day Chart
SHIB bulls did not take the token past this ceiling at $0.00001010, as an alternative selecting to liquidate earlier positions, and take earnings.
Because of this, SHIB has slipped from earlier highs, and as of writing is buying and selling at $0.000009866.
This comes because the RSI nears a resistance stage of its personal on the 56.00 mark. At present the index is monitoring at 55.39.
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