Where is LTC heading now? Litecoin up 5% in a week, price prediction.

The cryptocurrency known as Litecoin (LTC) experienced a significant drop in value on Monday, following a similar trend in the wider cryptocurrency market. The drop was due to news that the US Securities and Exchange Commission (SEC) is suing Binance, Binance.US, and its founder Changpeng Zhou (CZ) for offering unregistered securities to the public in the US, along with several other charges. The cryptocurrency, which powers the payments-focused Litecoin blockchain, was last trading at around $88, down nearly 7% from the day before.

Although Litecoin is still trading much lower than its weekend highs of around $97 per token, it has experienced a 5% rebound from its intra-day lows in the $83 range. Buyers seem to be waiting for LTC to retest its 200-Day Moving Average around $85 before making any significant moves.

While the SEC has identified several major cryptocurrencies as securities in its lawsuit against Binance, including BNB, Cardano (ADA), Solana (SOL), and Polygon (MATIC), it has not mentioned Litecoin.

Price Prediction – Where Next for Litecoin (LTC)?

Despite Monday’s drop, Litecoin is still looking bullish on the charts and price predictions remain optimistic. The strong rebound from the 200DMA is a good sign, and Litecoin continues to trade strongly above its uptrend from the November 2022 lows. Continued optimism ahead of the August halving, which will see the LTC inflation rate halved, is likely to keep buyers interested. With the cryptocurrency currently in the process of carving out a bullish ascending triangle pattern, it is highly likely that it will rise into the mid-$100s sometime later this year.

Litecoin (LTC) Alternative to Consider – yPredict (YPRED)

While Litecoin could be a fantastic investment for those willing to hold it for a few years, investors should always be on the lookout to diversify their crypto holdings. One high-risk-high-reward investment strategy that some investors might want to consider is getting involved in crypto presales. This is where investors buy the tokens of up-and-coming crypto projects to help fund their development. These tokens are usually sold at a very low price, and there is a long history of presales delivering huge exponential gains to early investors. Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform. If investors can identify such projects, the risk/reward of their presale investment is very good.

The team at blockchain spends a lot of time combing through presale projects to help investors out. One such project that the team has identified as having a very strong potential is yPredict.

What is yPredict?

yPredict is a groundbreaking new AI-powered crypto trading and market intelligence platform that is building a first-of-its-kind, institutional-grade crypto price prediction system. According to observers, the tool, which is powered by yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease. The best part? yPredict’s crypto price prediction system will remain free and open for all users to access. The price predictions will be made publicly available and require no login to see, according to the project’s whitepaper.

But yPredict offers investors much more than just crypto price predictions. The project is also building a cutting-edge crypto research and trading platform that provides traders and investors access to dozens of AI-powered signals, breakouts, pattern recognition, and social/news sentiment features, according to the startup’s Litepaper. The platform’s technology was designed using state-of-the-art predictive models and data insights built by top 1% AI developers and quants. Meanwhile, the ypredict.ai marketplace will enable experts to earn recurring revenue by offering their model predictions or data research as trading signals, which traders and investors can subscribe to.

yPredict Presale Fast Selling Out

For the purpose of financing its innovative AI-powered cryptocurrency trading and market intelligence platform, yPredict is currently holding a presale of the native $YPRED token that will serve as the platform’s currency.

The presale is experiencing a surge in demand and has just reached a significant milestone of $2 million.

This presale is in its sixth stage, with $YPRED tokens being sold for $0.09 each.

However, new investors still have potential for gains, as the token will be listed on major exchanges later this year at a price of $0.12, resulting in a 33% gain on paper.

Due to the rapid pace at which the $YPRED token is selling out, investors need to act quickly to avoid missing out on the presale.

yPredict has set a presale hard cap of $6.5 million, which could be reached in the next few weeks if the presale continues at its current pace.

Investors who invest now to secure 33% gains may see even greater potential for growth in the long run for $YPRED.

Purchase yPredict Here

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

BlockChain

Justin Sun's Huobi-linked exchange, WhiteBIT, raises concerns over its lending platform.

WhiteBIT, an exchange associated with Justin Sun, has recently gained attention for offering an impressive Annual Per...

BlockChain

Swell Introduces Layer-2 Restaking Rollup in Partnership with AltLayer and EigenLayer

Swell teamed up with Ethereum scaler AltLayer and a16z-backed crypto-staking project EigenLayer to create the rollup,...

News

Shady Transactions Raise Eyebrows as $110 Million Evaporates from HECO Bridge and HTX Exchange – What in the Crypto World is Happening?

Recent blockchain breaches on the HECO bridge and HTX platform have been reported by security firms, resulting in an ...

BlockChain

DeFi Dilemma: Staking Ether Goes Liquid!

Fashion company Ether.fi secures $5.3 million in seed funding from North Island VC in March.

News

Justin Sun considers acquiring FTX's cryptocurrency holdings.

Justin Sun, the visionary Founder of Tron and esteemed Advisor to Huobi Global, has enthusiastically conveyed his str...

Market

Ether.Fi will launch the ETHFI token on Binance Launchpool next week.

Liquid restaking protocols, such as Ether.Fi, utilize Ethereum's proof-of-stake blockchain to enhance the security of...