Story Highlights
As the monthly close approaches, the cryptocurrency market has just been painted green, setting up hopes for a major surge ahead
Furthermore, the tokens other than Bitcoin, Ethereum, Ripple, and Cardano in the top ten are also among the tokens with the largest gains, showing their relative strength.
The quarterly and semi-annual close is almost here! The market has become volatile and it is believed that a nice bullish trend will be seen throughout the weekend. Some coins are believed to trigger a big surge with the slightest change in market sentiment. Thus, popular and well-known cryptocurrencies such as Solana and Litecoin are among the top gainers along with Bitcoin hard forks, Bitcoin Cash (BCH) and Bitcoin SV (BSV).
Recently, the Solana chain has been integrated with Ethereum through the deBridge feature, which emphasizes cross-chain connectivity and seamless communication without the need for wrapped tokens. To this point, Solana has rebounded strongly, with the intraday high rising to around $19.08, surpassing the previous high of $13.38. However, traders need to remain cautious as this rebound may soon reverse.
SOL price rebounded from the lower trendline support and moved higher. However, the volume remains relatively low, which suggests a possible trend reversal. If the price reverses and fails to hold the lower trendline support, the price could drop to the single digit area.
Litecoin also joins Solana in the list of top gainers, having gained more than 13.5% since early trading.
Litecoin’s halving is around the corner, so the price is also showing strong momentum that could help it break through triple digits. Currently, LTC price has risen from $84.28 to $95.35 and could break through $100 at any time.
LTC price has recovered levels within the ascending triangle that were lost during the recent plunge. The price is currently showing tremendous strength and is confident of breaking above $100. The RSI is bullish suggesting that the uptrend will continue for an extended period, so the upper target is likely to be tested and cleared as the hype surrounding the Litecoin halving event heats up.