Solana & Litecoin Among the Top Gainers Today-What’s Triggering the SOL & LTC Prices High?

The post Solana & Litecoin Among the Top Gainers Today-What’s Triggering the SOL & LTC Prices High? appeared first on Coinpedia Fintech News

A quarterly and half-yearly close is on the cards! Markets have turned volatile and are believed to exhibit decent bullish action throughout the weekend. Some of the tokens were thought to trigger a massive upswing with a slight change in market sentiment. Hence, popular and well-known cryptos like Solana and Litecoin have registered themselves among the top gainers along with the Bitcoin hard forks, Bitcoin Cash (BCH), and Bitcoin SV (BSV). 

Recently, the Solana chain has been integrated with Ethereum through the deBridge feature that emphasizes cross-chain connectivity and seamless communication, eliminating the need for wrapped tokens. With this, Solana experienced a strong comeback, marking an intraday high of around $19.08, surpassing the previous high of $13.38. However, traders are required to be cautious, as this rally may flip soon. 

The SOL price rebounded from the lower trend line support and rose high. But the volume remains relatively low which indicates the possibility of a trend reversal. If in case the price reversed and failed to hold the lower trend support, the price may drop to a single-digit area. 

Besides, Litecoin is also accompanying Solana in the top gainers and has recorded more than 13.5% gains since the early trading hours. 

Litecoin’s halving is fast approaching, and hence the price is also manifesting acute strength that may help the price to reach beyond a 3-digit figure. Presently, the LTC price is trading at $95.35, rising from $84.28 and displaying the possibility of reaching beyond $100 any time from now. 

The LTC price regains the levels within the ascending triangle that it had lost during the recent plunge. The price is currently displaying immense strength and is also self-assured of a bullish breakout above $100. The RSI is bullish, indicating the upswing to prevail for long and hence the upper targets may be tested and cleared as the hype surrounding the Litecoin halving event have caught fire.