After weeks of trading sideways, the cryptocurrency market is beginning to show signs of bullish momentum. Spotting these signs, popular crypto analysts have dropped updates concerning Litecoin (LTC) while giving their predictions for the already bullish Tradecurve. In this article, we will discuss different updates about Litecoin and a potential direction for Tradecurve.
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Crypto Analyst Provides Price Update for Litecoin (LTC)
After leading the sideways trading for more than two weeks, crypto analysts have confirmed a bullish momentum brewing for Litecoin. The reason for the bullish sentiment about Litecoin is the upcoming halving along with increasing on-chain metrics. Over the last 48 hours, Litecoin has recorded an increase in trading volume as investors anticipate the Litecoin blockchain halving.
Michaël van de Popp, a very popular crypto trader, and analyst tweeted that Litecoin (LTC) was fighting the 200-moving average and exponential moving average on the Weekly timeframe. According to the analyst, Litecoin (LTC) is primed for a price outbreak, especially as the halving approaches.
Litecoin (LTC) currently trades at $94.52 at the time of writing, increasing by 9.4% over the last week. The first course of action would be for Litecoin (LTC) to break the $100 resistance, then look forward to $115. The Litecoin halving – an event that happens every four years to reduce the number of LTC issued as block rewards – is expected to happen in August 2023.
Analyst Confirms Green Signs for Tradecurve
The crypto analysts are also very bullish about Tradecurve – a new decentralized trading platform that will give traders access to all the assets they need from a single account including crypto, stocks, options, CMDs, ETFs, and more. They will also be able to trade all these global financial assets using the cryptocurrency in their wallets as leverage.
The analysts are bullish about Tradecurve because he believes that the wide range of assets supported by the platform will attract a host of traders from other competing platforms in and outside the crypto space.
Another reason is that Tradecurve combines the $632 trillion over-the-counter (OTC) derivatives market, the forex market with a $7.5 trillion daily turnover, with the fast-growing cryptocurrency market, giving it the potential for exponential growth. Tradecurve will also spot unique features including negative balance protection, very low fees, high leverage starting from 500:1, algorithmic trading, copy trading, and a metaverse academy.
In comparison to Litecoin’s 9.4% price increase, the price of Tradecurve (TCRV) increased by more than 25% as it entered the third stage of its presale. Going forward, the sentiments are even more bullish as experts predict a 50x price jump during the TCRV presale and up to 100x when the platform launches. You can join the presale where 1 TCRV sells for $0.015, making it a great investment option. Already, the investors have stacked up millions of TCRV tokens as the project seeks to raise $20 million to launch its revolutionary platform.
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