Crypto Market Slips: ETC, LTC Biggest Movers as Volatility Remains High

  • Biggest Movers: Ethereum Classic (ETC) and Litecoin (LTC) remained near two-month lows on Monday as the global crypto market cap remained bearish.
  • Ethereum Classic: ETC/USD slipped to an intraday low of $19.26, down 8% in the last five sessions.
  • Litecoin: LTC/USD dropped by 4% to a bottom at $87.15, moving closer to a floor at $86.00.

Biggest Movers: ETC Remains Near 2-Month Low, LTC Down by 4% on Monday

The global crypto market cap remained bearish to start the week, and is down 0.55% at the time of writing. Ethereum classic (ETC) and litecoin (LTC) were two notable movers, as both tokens moved lower on Monday.

Ethereum Classic (ETC)

Ethereum classic (ETC) started the week trading close to a two-month low, as volatility in crypto markets remained high. ETC/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. Overall, today’s drop has seen ETC 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.

Litecoin (LTC)

In addition to ethereum classic, litecoin (LTC) was another notable mover, as the token fell by as much as 4%. Following a high of $91

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