עטק בלייבט לעבן 2-חודש נידעריק, LTC אַראָפּ מיט 4% אויף מאנטאג - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

Ethereum classic remained near a two-month low on March 6, as a cloud of uncertainty continued to hover over markets. The global crypto market cap remained bearish to start the week, and is down 0.55% at the time of writing. Litecoin also moved lower on Monday.

עטהערעום קלאַסיק (עטק)

עטהערעום קלאַסיש (עטק) started the week trading close to a two-month low, as volatility in crypto markets remained high.

עטק/USD slipped to an intraday low of $19.26 on Monday, a day after trading at a peak of $20.05.

The move has pushed ethereum classic towards Friday’s bottom at $18.89, which was its weakest point since January 6.

Biggest Movers: ETC Remains Near 2-Month Low, LTC Down by 4% on Monday — עטק/ וסד - טעגלעך טשאַרט

Overall, today’s drop has seen עטק fall for a fifth consecutive session, down by over 8% in that period.

Prices are marginally higher than earlier lows, which comes as the 14-day relative strength index (RSI) collided with a floor at 36.00

At the time of writing, the index is tracking at 36.19, with the next visible floor at the 30.00 mark, in the event of a breakout.

ליטעקאָין (LTC)

In addition to ethereum classic, litecoin (LTC) was another notable mover, as the token fell by as much as 4%.

נאָך אַ הויך פון $ 91.27 אויף זונטיק, LTC/USD dropped to a bottom at $87.15 during Monday’s session.

As a result of this move, litecoin moved closer to a floor at $86.00, which was last hit on Friday, and also a six-week low.

לעצטע דיקליינז אין LTC have come following a downward crossover of the 10-day (red), and 25-day (blue) moving averages.

In addition to this, the RSI is now tracking at 40.47, which is marginally above support at 40.00.

Despite hovering beyond this floor, the index is at its weakest point since December 24 last year.

פאַרשרייַבן דיין E- בריוו דאָ צו באַקומען וויקלי דערהייַנטיקונגען פון פּרייַז אַנאַליסיס געשיקט צו דיין ינבאָקס:

Do you expect litecoin to rebound in the coming days? Let us know your thoughts in the comments.

אלימאן דאמבעל

עלימאַן איז געווען פריער אַ דירעקטאָר פון אַ לאָנדאָן-באזירט בראָוקערידזש, בשעת אויך אַן אָנליין טריידינג עדזשאַקייטער. דערווייַל, ער קאָמענטירט אויף פאַרשידן אַסעץ קלאסן, אַרייַנגערעכנט קריפּטאָ, סטאַקס און פקס, בשעת אויך אַ סטאַרטאַפּ גרינדער.