The post BDAG’s presale gathers $54.9M as Litecoin & Uniswap show mixed results appeared on BitcoinEthereumNews.com.

Significant movements were seen in the cryptocurrency space this past week. Litecoin (LTC) dropped from its recent peak of $68.40 in value relative to the US dollar. On the other hand, Uniswap (UNI) exhibited a robust performance, instilling investor confidence.  Amid these varying market trends, BlockDAG’s initial offering, which successfully raised over $54.9 million, has emerged as a particularly stable and appealing investment. This introduction highlights BlockDAG as a favourable investment choice for reliable growth. It is driven by its innovative X10 miner that simplifies and enhances the cryptocurrency mining experience, making it a top investment pick for 2024. Litecoin’s market dynamics & forward-looking predictions  Litecoin has faced difficulties in maintaining its value recently, falling from a peak of $68.40. It encountered resistance around $66.40 and has not stayed above the 100 simple moving average. A contracting triangle with resistance near $65.50 on the LTC/USD four-hour chart indicates that the price might revisit the $60 support level before any recovery occurs. If Litecoin cannot break through the $66.40 resistance, it may see further declines, with key support levels at $63.00 and $60.00. On the other hand, successfully surpassing this resistance could push Litecoin up to $68.40 and potentially $70.00, with continued bullish momentum possibly driving it to $75.00. Uniswap displays optimism: Consider whale influence  Uniswap (UNI) has recently shown positive momentum, raising discussions about the durability of this uptrend. A considerable number of profitable addresses support the positive outlook. However, the substantial whale activities and Netflow increases signal potential market manipulations, which could set traps for bullish investors.  These dynamics underscore that while the bullish trend holds promise, significant fluctuations could occur, influenced by major investors. The 200-period moving average has consistently acted as a barrier to Uniswap’s price increases, adding a layer of uncertainty. Thus, while the trend offers…

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Filed under: News - @ July 2, 2024 12:18 am