Is LIT A Good Investment For The Future?
The post Is LIT A Good Investment For The Future? appeared on BitcoinEthereumNews.com.
Litentry is a platform that enables decentralized identity across blockchains. It uses advanced technologies such as TEE, verifiable credentials, and customizable score computation to protect user privacy and enhance identity utility. Moreover, it also provides a product called IdentityHub. It allows users to manage and authenticate their identities on both Web2 and Web3. Litentry aims to create a unified, privacy-centric decentralized identity infrastructure that supports interoperability and innovation in the decentralized space. Litentry crypto price showcases an optimistic outlook in the short term. The LIT price is headed higher slowly and steadily making small pullbacks. The daily chart witnesses the formation of a golden crossover of the EMAs; indicating the strength in the trend. Moreover, the recent price surge has turned the long-term trend optimistic after the price managed to sustain above the 200-day EMA over the daily chart. The LIT price performance demonstrates a gain of over 8.2% in the past week and has added over 24.53% in the past month. Litentry Price Prediction 2023 Source: LIT/USD By TradingView The volume analysis shows that LIT has a 24-hour trading volume of $19.205 Million with a gain of 107.24% as compared to the last day. The live market cap of Litentry is $38.322 Million and ranks 565th among the top cryptos. The volume-to-market cap ratio is 23.28%, indicating high volatility in the market. The price prediction for November 2023 showcases a bullish outlook above the 50-day EMA. The optimistic view of analysts estimates the price may reach a high of $1.080 by the year-end. The pessimistic view of analysts estimates the price may drop to $0.7587. Litentry Price Prediction 2024 As per the analysts, the most optimistic target that the LIT price may achieve by 2024 is $1.759, indicating an upside potential of 82.90% from the CMP. However, the pessimistic…
Filed under: News - @ December 6, 2023 10:14 pm