According to on-chain data, there has been a notable shift in the Litecoin (LTC) and Pomerdoge (POMD) ecosystems. Data reveals that long-term Litecoin holders have been exiting their positions and selling their tokens. Additionally, investors are increasing their POMD holdings by doubling down on their investments.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Litecoin (LTC) Holders Exiting Their Position

Litecoin (LTC) has recently encountered a phase of bearish pressure, which has negatively impacted its market performance. Currently, data shows a noticeable shift in sentiment as bearish forces gained dominance in the cryptocurrency market. According to IntoTheBlock, a market intelligence platform, Litecoin long-term holders (LTHs) have been closing their positions since July.

This was before the long-awaited halving which took place last week. These “long-term holders” are investors who have retained their coins for a minimum of six months. Their recent selling activity has caused bearish pressure in the market.

Litecoin has displayed a significant recovery over the past 24 hours. It has increased by about 2.13% within the last 24 hours to reach $84.07. Despite attempts by bears to breach the bearish consolidation, the bulls were able to shatter the consolidation barrier at $83.

If LTC sustains its upward trajectory, it could surpass the resistance at $88. This achievement would further propel the price towards a critical resistance point at $95. Conversely, a bearish reversal may be over if Litecoin drops below the bearish channel pattern at $80. If successful, this descent could potentially lead sellers to drive the token down to the pivotal support level of $75.

Pomerdoge (POMD) Presale Sells Out Fast As Investors Rush In

While Litecoin might see a future price increase, Pomerdoge (POMD) is one potential blue-chip project that investors should consider. Pomerdoge sets itself apart from numerous tokens in the crypto market by crafting a memecoin that holds tangible real-world utility. This distinctiveness has sparked significant enthusiasm within the crypto community, attracting a substantial influx of investors.

In addition, Pomerdoge’s ongoing presale phase presents investors with an early opportunity to get involved in the project. The platform is gearing up to unveil an immersive Play-to-Earn (P2E) game with several benefits. This game aims to connect users globally, encouraging networking, and also providing opportunities for earning.

#Pomercrew we would like to announce that we now have a referral system in place.

For everyone you refer you will receive a 10% additional bonus for life on the lifetime transactions of your referee.

Your referee will also earn a 10% additional bonus on their first order.… pic.twitter.com/0KTrzhWkhc

— Pomerdoge (@pomerdoge) August 7, 2023

Those who buy the POMD, Pomerdoge’s native token, can receive staking rewards and discounts. Additionally, users have the chance to enhance their digital characters to elite status and craft customized items for their avatars.

Following this, players who attain gold status within Pomer will gain access to its exclusive game marketplace, Pomerplace. This is particularly significant because it acts as the platform where players can exchange valuable items, like skins.

Investors are currently bullish on Pomerdoge and have bought over 50 million tokens so far. Importantly, the current value of the Pomerdoge token is $0.007 per token. Analysts have predicted a price surge of 20x in the upcoming months.

Find out more about the Pomerdoge (POMD) Presale Today:

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

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Filed under: Bitcoin - @ August 11, 2023 10:12 am