The post Litecoin (LTC) Bulls Take Charge appeared on BitcoinEthereumNews.com.

SPONSORED POST* Litecoin bulls are gaining momentum, with the cryptocurrency seeing a surge as traders anticipate further gains. Meanwhile, DTX Exchange’s upcoming DEX Wallet is making waves, drawing attention from Uniswap (UNI) traders seeking better security and lower fees.  With Uniswap facing increased competition, the shift in trader preference highlights DTX’s potential to disrupt the decentralised exchange market.  Litecoin (LTC) Price Poised for Bullish Breakout After Consolidation: Key Resistance Levels in Sight The price of Litecoin (LTC) seems to lie on the brink of declining triangle consolidation. The latest rejection from the resistance is about to be followed by a strong rebound as the technicals for the token notably stirred in favour. The Litecoin price has reached the lower bands of Bollinger, which have been running in parallel to the upper bands. This implies lower volatility which is in turn susceptible to a squeeze. Additionally, MACD is still comfortably into the negative territory poised for a bull-shish breakout.  After a short consolidation, the price of Litecoin (LTC) seems ready to break out of the consolidation (or falling) wedge, hopefully to form a resistance zone between $66-67. However, as the last leg of the 4th quarter begins, market dynamics will likely change and may take the price beyond $75. Uniswap (UNI) Gains 8% in a Week, Showing Strong Potential for Another Breakout The Uniswap token has been in a bull trend – the price of Uniswap starting last week at $6.43 and ending this week at its current price. Although we’ve seen a market-wide crash of around 3% in the past day, Uniswap has been on a smooth ride, bucking the trend of the bearish market. After reaching an all-time high of $44.92 in May of last year, 2021, the price of Uniswap (UNI) experienced several corrections, but it seems to…

---

Filed under: News - @ September 16, 2024 7:19 am