Litecoin hit a seven-month high to start the week, as crypto-currency markets continued to react to the latest U.S. non-farm payrolls numbers. The token was up for a second consecutive session, climbing to its highest point since May. The shiba inu also posted a notable gain on Monday.
Litecoin hit its highest level in six months on Monday, as the token climbed for a second consecutive session.
After a low of $75.93 on Sunday, LTC hit an intraday high of $83.49 earlier in the day. The move saw litecoin reach its strongest point since May 10, when the token was trading at a high of $85.02.
Looking at the chart, today’s rally occurred when the token broke through resistance at the $82.70 level. In addition, the 14-day relative strength index (RSI) broke through a ceiling at the 66.00 level.
At the time of writing, the index is at 68.43, its strongest point since November 24.
Shiba Inu (SHIB)
Shiba inu was another notable winner on Monday, as the meme currency hit a three-week high. SHIB hit a high of $0.00001005 to start the week, after hitting a low of $0.000009253 on Sunday.
As a result of today’s gains, shiba inu is now trading at its highest point since November 11, and near a key resistance point.
SHIB bulls failed to take the token above this ceiling at $0.00001010, choosing instead to liquidate earlier positions and take profits.
Because of this, SHIB has slipped from previous highs, and at the time of writing is trading at $0.000009866. This comes as the RSI approaches a resistance level at 56.00. Currently, the index is at 55.39.