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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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Why Trust Cryptonews
The $4.5 billion market cap Litecoin ($LTC), the 24th biggest cryptocurrency on the market, has fallen a percent in the last 24 hours and is now perilously close to slipping the $60 mark as it trades for a few cents higher as of this writing.
Litecoin’s price woes come amidst a generally good day for crypto. In the last 24 hours, the global crypto market added 0.7% to its $2.04 trillion market cap.
Market leader Bitcoin ($BTC) rose 3.2% from this time yesterday and now trades at $55,322.
These were the largest gains for any coin among the ten biggest cryptocurrencies except Dogecoin ($DOGE). The original doge meme coin added 5.1% overnight and now trades for $0.09888.
Over the week, Litecoin lost 6.4%. This is broadly in line with Bitcoin’s 5.2% loss, however, both were more robust than Ethereum.
The $ETH token underpinning blockchain’s most commercially important network dropped 8.3% over the last seven days to trade at $2,292. Overnight, Ether added 2.4%.
Litecoin Price Analysis – Where is LTC Heading Next?
Now, given that crypto markets are in the green right now, there are several indicators to suggest Litecoin may rally up from current levels.
The first is that $LTC’s support has been steadily rising since the crypto crash on August 5, when the price bottomed out at around $50.
Litecoin has also discovered resistance around $75 throughout the summer.
The token’s relative strength index (RSI) is currently around 40 and rising, suggesting some buying momentum could drive the price back up to the mid-$60s by the middle of the week.
As Litecoin Slips, Crypto All-Starz Pre-Sale Hits $1.17 Million
Litecoin started in 2011 as a speedier alternative to Bitcoin to be used as a form of payments. At its height, $LTC was the third largest cryptocurrency by market cap.
However, being so thoroughly established, Litecoin’s price movements nowadays are a little conservative.
Those who want to really speculate on crypto are better off looking off the beating track for some of today’s meme coins, which are attracting nine-digit investmentsw with their unique value propositions.
One such project, which is pioneering a unified staking protocol for meme coin fans, is Crypto All-Stars ($STARS) a revolutionary staking platform that brings together the most celebrated meme coins in one place.
Holders of Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin can stake them on the platform and earn passive income in the form of $STARS with a rewards rate currently set at 1,266%.
To that end, the team has allocated 20% of the tokens for its presale; the other 25% is for presale staking, 20% for marketing, 10% CEX/DEX listing, and the rest 25% for the MemeVault Ecosystem.
This new meme coin project has gained so much popularity that its presale has already raised almost $1 million since its launch a fortnight ago.
Following the purchase, you can begin staking for rewards and claim the tokens once the presale ends.
So, if you are an investor looking to put your money to work, Crypto All-Stars is a better short-to-mid-term choice than Litecoin. Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow them on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.
Visit the Crypto All-Starz presale Website Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
