Biggest Movers: LTC, LINK Rebound on Monday, Despite Crypto Market Red Wave

Litecoin roseate marginally higher to commencement the week, contempt cryptocurrency markets mostly trading little connected Monday. The planetary crypto marketplace headdress is down 0.15% astatine the clip of writing, arsenic volatility remains high. Chainlink besides moved higher successful today’s session.

Litecoin (LTC)

Litecoin (LTC) bounced from a cardinal constituent of enactment to commencement the week, arsenic the token rallied, contempt Monday’s crypto reddish wave.

Following a debased of $84.92 connected Sunday, LTC/USD raced to an intraday highest of $88.89 earlier successful today’s session.

As a effect of this move, litecoin moved further distant from its terms level astatine $86.00, and is present trading astatine its highest constituent since past Friday.

LTC/USD – Daily Chart

From the chart, it appears that the 14-day comparative spot scale (RSI) has present risen to a constituent of absorption astatine 45.00, starring to LTC giving up earlier gains.

At the clip of writing, the scale is tracking astatine 44.33, with litecoin trading astatine $88.11.

Should terms spot determination beyond the 45.00 mark, determination is simply a bully accidental that LTC volition beryllium backmost supra $90.00.

Chainlink (LINK)

Chainlink (LINK) was besides successful the greenish successful today’s session, and the token roseate by arsenic overmuch arsenic 2%.

LINK/USD climbed to a highest of $7.25 to commencement the week, pursuing a debased of $6.92 connected Sunday.

Today’s rebound sees LINK determination distant from the three-and-a-half-week debased registered implicit the weekend.

LINK/USD – Daily Chart

Looking astatine the chart, this coincides with the RSI bouncing from a level of its ain astatine the 44.00 mark.

Currently terms spot is tracking astatine 45.09, with a absorption constituent astatine 47.00 a imaginable people for bulls.

Should it deed this mark, past it is apt that LINK volition determination supra $7.30.

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What has been down today’s bearish sentiment? Let america cognize your thoughts successful the comments.

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