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LTC Snaps Losing Streak, SOL Moves 7% Lower – Crypto Markets Update

• Litecoin (LTC) snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower.
• Solana (SOL) extended recent declines, falling by as much as 7%.
• Technical indicators suggest that litecoin may continue to rise, while solana could be poised for further losses.

Litecoin Snaps Losing Streak

Litecoin (LTC) ended a four-day losing streak on Wednesday, as prices moved away from a recent support zone. LTC/USD rose to an intraday high of $95.36 earlier in today’s session, which comes 24 hours after falling to a low of $92.48. Since hitting a price floor of $91.50 to start the week, litecoin bulls have somewhat resurfaced.

Relative Strength Index

This has also delayed what many expected to be an inevitable downward crossover, between the 10-day (red) moving average, and its 25-day (blue) counterpart. Both trend lines now seem to be heading upwards, and this comes as the relative strength index (RSI) also climbed. The index is now tracking at 50.44, after bulls rejected a breakout of a floor at 49.00.

Solana Extends Declines

Solana (SOL), on the other hand, extended recent declines, as the token remained in the red for a second straight day. Following a high of $25.43 on Tuesday, SOL/USD slipped to a bottom of $23