LTC climbs to its highest level since May and SHIB finally recovers

Litecoin hit a seven-month high to start the week as cryptocurrency markets continued to react to the latest US non-farm payrolls. The token was up for the second straight session, climbing to its highest point since May. The Shiba Inu also made a remarkable progress on Monday.

Litecoin (LTC)

Litecoin hit a six-month high on Monday as the token rose for the second session in a row.

After hitting a low of $75.93 on Sunday, LTC hit an intraday high of $83.49 earlier today. This move saw Litecoin reach its strongest point since May 10, when the token traded at a high of $85.02.

Looking at the chart, today’s rally happened when the token broke above resistance at the $82.70 level. In addition, the 14-day Relative Strength Index (RSI) broke a ceiling at the 66.00 level.

As of this writing, the index is at 68.43, its strongest point since November 24.

Shiba Inu (SHIB)

The Shiba Inu was another notable gainer 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, the shiba inu is now trading at its highest point since November 11th and near a key resistance point.

SHIB bulls failed to take the token past this $0.00001010 ceiling, opting instead to liquidate previous positions and take profits.

Due to this, SHIB has fallen from previous highs and at the time of writing it is trading at $0.000009866. This comes as the RSI approaches a resistance level of 56.00. Currently, the index stands at 55.39.

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