2 hours ago
Solana started a decent increase above the $188 resistance. SOL price is back above $200 and might struggle to continue higher above $205. SOL price started a fresh increase above the $185 and $188 levels against the US Dollar. The price is now trading above $195 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone. Solana Price Reclaims $200 Solana price formed a base above $175 and started a decent upward move, like Bitcoin and Ethereum . SOL was able to climb above the $180 and $185 resistance levels. The bulls pushed it above the $188 resistance and then $200. A high was formed at $206 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $186 swing high to the $206 low. Solana is now trading above $195 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $196 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $205 level. The next major resistance is near the $212 level. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level. Another Decline in SOL? If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $196 zone and the trend line. The first major support is near the $190 level or the 76.4% Fib retracement level of the upward move from the $186 swing high to the $206 low. A break below the $190 level might send the price toward the $185 zone. If there is a close below the $185 support, the price could decline toward the $172 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $196 and $190. Major Resistance Levels – $205 and $212.
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Technical analysis Sol Solana solbtc SOLUSD SOLUSDT
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Survey Suggests Bitcoin May Reach $300,000 by 2025 Amid Increasing Institutional Adoption
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Litecoin Surges 17% as Wales Accumulate on Spot ETF Hopes
Litecoin (LTC) prices have surged around 17% over the past 12 hours, propelling the cryptocurrency to an intraday and 4-week high of $118 during early trading in Asia on Thursday morning. However, LTC topped $140 during the December crypto rally and still remains down 72% from its May 2021 all-time high of $410. “Litecoin has decoupled from other altcoins,” observed Santiment, which added that, just like in early December, “the key driver appears to be whales and sharks holding at least 10,000 LTC. These entities have accumulated 250,000 coins since Jan. 9, it noted. Litecoin has decoupled from other altcoins, jumping +16.1% in market cap in just the past 11 hours. Just as we saw in early December, the key driver appears to be whales and sharks holding at least 10K+ $LTC . They have accumulated 250K coins since Jan. 9th. pic.twitter.com/zCmu7tGKJl — Santiment (@santimentfeed) January 15, 2025 Litecoin ETF Hopium The momentum has also been driven by hopes over approval of a spot Litecoin exchange-traded fund in the United States now that SEC chair Gary Gensler will be out of the picture. On Jan. 15, Canary Capital filed an amendment to its S-1 registration form with the securities regulator for such a product. “No guarantees – but this might be indicative of SEC engagement on the filing,” commented Bloomberg ETF analyst James Seyffart. NEW: @CanaryFunds just filed an amended S-1 for their Litecoin ETF filing. No guarantees — but this might be indicative of SEC engagement on the filing. Still no 19b-4 filing yet though (A 19b-4 would actually start the potential approval/denial clock) h/t @isabelletanlee pic.twitter.com/wFtNOmbmYx — James Seyffart (@JSeyff) January 15, 2025 “We had heard chatter that the Litecoin S-1 had gotten comments back from SEC,” added his colleague Eric Balchunas, who said that this “bodes well” for their prediction that a Litecoin ETF would be approved before a Solana ETF. “This looks to confirm that, which bodes well for our prediction that Litecoin is most likely to be the next coin approved. All that said, the new SEC chair has yet to start and that’s a huge variable.” ETF Store President Nate Geraci commented that it “would be something to see” if a spot LTC ETF was approved before an XRP or SOL fund, which are top six crypto assets by market capitalization. Don’t have much to add here other than ltc is like a top 25 digital asset by market cap… Would be something to see spot ltc ETF approved before xrp or sol ETF, which are top 6 assets. Like Eric says, all comes down to SEC chair. https://t.co/YuHg4l9bdh — Nate Geraci (@NateGeraci) January 16, 2025 Elsewhere on Crypto Markets Crypto market capitalization was up 3% on the day, largely driven by Bitcoin reclaiming the $100,000 price level again. BTC reached $100,700 in early trading in Asia on Thursday as it approached resistance at $102,000, last hit on Jan. 7. The only other crypto asset coming close to LTC’s performance is XRP, which rallied 13% to top $3 for the first time since January 2018. Ripple’s cross-border token hit an intraday high of $3.18 on Jan. 16, following a surge of 27% over the past week. Solana (SOL), Stellar Lumens (XLM), and Chainlink (LINK) were also performing well today, but Litecoin was leading the altcoin pack. The post Litecoin Surges 17% as Wales Accumulate on Spot ETF Hopes appeared first on CryptoPotato . NewsBTC
