Litecoin Dips Under $70, Can It Recover?– Pullix on Top of Traders Radar
The post Litecoin Dips Under $70, Can It Recover?– Pullix on Top of Traders Radar appeared first on Coinpedia Fintech News
The Litecoin (LTC) cryptocurrency has fallen between the moving average line and is now trading just under the $73 price range. There is a presence of a Doji Candle Pattern that is limiting the altcoin’s price movement.
The cryptocurrency is now trapped between the moving average lines. Consequently, those looking to diversify their holdings have turned to Pullix (PLX), as it is the world’s first hybrid Decentralized exchange that can change the DeFi space. To see just how far each crypto can climb and how they will perform in 2024, we will go over both projects individually and find out why experts are predicting the Pullix price to surge by 33x during the presale.
Litecoin Price Prediction – Is a Rally to $78.98 a Possibility?
Litecoin (LTC) is currently trapped between the moving average lines, and this means that the cryptocurrency can fluctuate. The Litecoin price is expected to fall when the price bars on the chart fall below the moving average line. This moving average on both charts is slopping at a horizontal level, and this is an indication of a sideways trend.
Litecoin is bearish and stuck in a range, with the altcoin expected to trade between $60 and $75 soon. Rejection at the $73 point will cause the cryptocurrency to drop much further. Yet, the on-chart data also suggests that it might recover again in 2024 if it manages to break past the $75 price barrier. Based on the current Litecoin price prediction, it can spike as high as $78.98.
Pullix (PLX) Price Prediction Remains Bullish
While Litecoin might go over $70, it will first dip much further, and as a result, many have begun to diversify with presale-stage projects such as Pullix (PLX).
This is an upcoming exchange that will not only include 24/7 access to the global markets but also allow cryptocurrency trading all from a single account.
It’s a self-custodial, community-backed exchange that will benefit holders of the PLX crypto.
They can receive daily revenue generated on top of the platform and stake the crypto for additional capital gains through staking.
The platform is not just limited to PLX staking, as they can also stake BTC, ETH, and DOGE to get even more out of the platform.
There is also a token burn feature introduced across the broad ecosystem to keep the value of the token as stable as possible.
Anyone will also be able to access real-time community engagement through Discord and Telegram as well. There are also incentives for the most loyal users.
Other significant features behind the platform include the Copy Trader infrastructure through which anyone can copy the most successful traders, alongside self-custody.
Throughout the initial presale period, the PLX cryptocurrency will be offered at a value of just $0.04. However, upon its listing on the most popular Tier-1 exchanges, it can explode in value.
The platform is planned to launch in Q1 of 2024, and the crypto can see a price upswing of 33x following its launch based on the latest analyst projections, making it a potential blue-chip crypto that enthusiasts will not want to miss during Q4 of 2023.
For more information about the Pullix presale visit the links below:
Site: https://pullix.io/
Twitter: https://x.com/pullixmarkets
Filed under: Bitcoin - @ December 5, 2023 7:19 am