Biggest Movers: SOL 15% Higher, as LTC Hits 5-Week High

Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market cap is up by 4.42% at the time of writing. Litecoin was another notable mover, as the token rose to a five-week high.

Timeline of Litecoin, Solana

The bulls have painted the market green, with most cryptocurrencies scoring impressive price gains in the last 24 hours. The ongoing market-wide rally has empowered most coins to recover their lost price gains, with Bitcoin adding over 6.57% in seven days.

Litecoin (LTC) joined the ranks of cryptocurrencies with a good growth record for today as its price has jumped to $96.13, up by 8.07% over the past 24 hours. According to data from CoinMarketCap, Litecoin's current price level represents a significant breach of the resistance point at $95.

The Solana price analysis shows a strong surge in today's trading session, coming out of a bullish trend. The chart reveals that the price has risen by 11 percent to $22.42 from its opening price of $20.12.

Solana's SOL on-chain staking is now supported by Singapore-based cryptocurrency exchange Crypto.com. On-chain staking utilizes the blockchain's proof-of-stake platform to generate rewards through a process referred to as "staking.

Solana price analysis for April 10, 2023, reveals the market following a partial bullish movement; moreover, Solana has obtained massive negative momentum, signifying a decline for the SOL market. The price of Solana has remained negative over the past few hours.

The price of Solana (SOL) has continued to enjoy a steady recovery after going down nearly 95% in 2022, partly due to its association with Sam Bankman-Fried and his collapsed ventures, FTX and Alameda Research. Solana's Price Surges 100% In Q1 2023  In the first quarter of 2023, Solana's price experienced a significant surge of 104%, reaching approximately $20.60 per SOL.

Cardano rose for a second straight session to start the weekend, as the token continued to move away from a key price floor. Cryptocurrency markets were marginally higher in today's session, with the global market up 0.56% as of writing. Solana continued to consolidate on Saturday.

Solana, a high-performance blockchain ecosystem, has recently announced the introduction of state compression technology to significantly reduce the storage costs associated with non-fungible tokens (NFTs) on its network. According to Solana, state compression allows its protocol to store NFT metadata more efficiently by reducing the data storage requirements for each NFT.

Solana price analysis shows a bullish trend for today. The digital asset is currently trading at $20.66 and shows signs of a breakout from the descending triangle pattern it has been trading in the last few days.

Since the beginning of 2023, Litecoin [LTC] has managed to stay in the green for most of the time. Additionally, since the beginning of Q2, the altcoin has been in a fairly decent place.