The post Shiba Inu and Litecoin Investors Rush to This New Crypto Presale as FOMO Kicks In appeared on BitcoinEthereumNews.com.

Shiba Inu is consolidating on lower levels, and it appears ready for the next leg up. Meanwhile, Litecoin returned to its range as its most recent surge failed to break above a crucial resistance level. Although both of these projects will most likely experience significant gains as the bull run ramps up, they could be outclassed by low-cap gems with bigger growth potential. Lunex Network is already making waves in the DeFi space with its non-custodial cross-chain platform. Let’s dive deeper. Shiba Inu’s Run Has Just Started Shiba Inu now boasts 33.5% in monthly gains and the price of SHIB is currently settling around $0.000024. This surge has propelled Shiba Inu’s market cap to $14.5 billion which, in turn, started a fierce battle with Tron for the tenth place on the crypto rankings. The $0.000027 resistance represents a crucial level that Shiba Inu must reclaim as soon as possible to continue on its bullish trajectory. Technical indicators suggest overall healthy price action, with Shibburn, Shiba Inu’s burn mechanism, firing on all cylinders. Over the last 24 hours the burn rate has increased by a whopping 1,837%, with over 463 million Shiba Inu tokens removed from circulation. Litecoin’s Price Action Is Underwhelming After months of ranging around $70, Litecoin (LTC) attempted a breakout and briefly tapped the $81 resistance mark. This is where many holders began taking profit, forcing a pullback which sent Litecoin back to $74. Currently, Litecoin is down by 3.4% for the day and volume has taken a 30% hit, with about $976 million worth of LTC traded on exchanges in the last 24 hours. In other news, Litecoin has just announced a partnership with Cointud to bring Wrapped LTC to the Ethereum blockchain. This upgrade is set to expand Litecoin’s utility, allowing holders to leverage Ethereum’s DeFi…

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Filed under: News - @ November 17, 2024 7:15 am