After a brief upswing around mid-July 2023, Litecoin is back to its previous trading range with barely any sign of a new uptrend. Meanwhile, Solana’s price indicates a potential bullish trend reversal, while its short-term trend remains bearish.
While Litecoin (LTC) and Solana (SOL) experience slower price movements, investors are currently showing interest in VC Spectra (SPCT) due to its significant potential. SPCT raised $2.4 million in private/seed presale within two weeks, attracting considerable investor interest. In addition, the platform offers a wide range of benefits beyond Litecoin and Solana.
Litecoin’s (LTC) price undergoes increasing bearish momentum
On July 12, Litecoin traded at $95.14, increasing by 9.2% to reach $103.94 on July 13. The price surge followed a favorable ruling by a US court in the SEC vs. Ripple security classification case. However, Litecoin experienced a downward trend starting from July 13, and its current trading price, as of July 27, 2023, is $91.07.
Litecoin (LTC) will undergo its four-year halving event on August 2, 2023. A Litecoin halving event has often resulted in a significant price increase. The bullish pattern repeated recently as LTC rose from $82.64 on June 28 to $113.73 on July 3.
However, Litecoin experienced a continuous decline after this period, and market sentiment failed to reverse the bearish trend. Experts have observed that Litecoin (LTC) whales are selling their tokens to retail market participants.
Based on historical data, Litecoin’s (LTC) projected trading range for the end of 2023 is $125 to $130.
Solana’s (SOL) price resilience is short-lived
Solana demonstrated resilience, nearing $25 in early 2023. Nonetheless, the upturn was brief as an SEC probe dampened investor confidence. As of July 27, 2023, Solana (SOL) is trading at $25.38, showing a 4.08% increase in the last 24 hours. Despite the 24-hour surge, SOL’s price has declined for the past week.
The SEC lawsuit against Binance and Coinbase has significantly impacted market stability, particularly affecting Solana.
After the lawsuit, Robinhood, who holds $170 million worth of SOL tokens, announced the withdrawal of his Solana support, effective June 27, 2023. Following the announcement, the price of Solana (SOL) experienced a significant decline as investors began selling their holdings.
On a more positive note, Solana (SOL) has recently experienced significant institutional investments. Analysts forecast Solana’s price could reach $54.68 by the end of 2023.
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VC Spectra (SPCT) is revolutionizing the cryptocurrency ecosystem
VC Spectra is a decentralized hedge fund transforming blockchain and fintech industries through strategic investments and ICOs. The investment team at VC Spectra (SPCT) employs a rigorous selection process to identify promising opportunities.
VC Spectra utilizes advanced AI technology to optimize returns and ensure mutual alignment of interests, offering investors quarterly dividends and buybacks. Furthermore, the decentralized trading platform uses advanced algorithmic and systematic trading strategies for profitable trades.
VC Spectra’s native token, SPCT, enables decentralized trading, asset management, and transaction fee handling. SPCT utilizes a deflationary model featuring a burn mechanism to decrease token circulation gradually.
VC Spectra (SPCT) has achieved impressive returns for its investors, raising $2.4 million in just two weeks through its recent seed and private sale. SPCT trades at $0.011 during Stage 2 of its public presale. It is projected to garner 627% ROI.
The target price of VC Spectra is $0.08 upon its launch on major exchanges. Participating in VC Spectra (SPCT) presale offers a 25% bonus on deposits.
Learn more about the VC Spectra presale here:-
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter: https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra
Source: https://www.cryptonewsz.com/litecoin-and-solana-drops-vc-spectra-presale-trending/