Litecoin (LTC) went against all odds when it pulled a bull run whilst the FTX crashed. But it was not the same case lately – the price is down 16.88% in the last 7 days.
Meanwhile, The Hideaways (HDWY) takes the center stage after announcing a $100,000 prize draw for all token holders. The reward is a celebration of the success of its initial presale ending on December 31.
Litecoin (LTC) Trades on a Support Level
Litecoin (LTC) currently trades on a support level that historically sent the price to the $85.00 zone. LTC is selling at $63.62, down 8.34% in the latest charts.
The question here is whether the crypto major will get enough buying support to send its price back to its December 5 high at $84.95.
Looking at its technical indicators, sellers will not likely give up their position. The relative strength index is at 34.56, indicating Litecoin (LTC) is nearing the oversold territory.
Moreover, the 50-day EMA takes above the 20-day EMA, indicating bears’ dominance.
Investors took the negative signals as a chance to buy into The Hideaways (HDWY) which is currently holding a $100,000 prize draw.
Whale Accumulation Spotted on Litecoin (LTC) Charts
Despite its recent depreciation, Litecoin (LTC) whales continue to accumulate.
The latest on-chain analysis reveals that whale addresses with 1 million or more LTC coins have accumulated an additional 2.95 million Litecoin (LTC) valued at $220 million at the current market price.
Other tokens enjoying massive acquisitions lately are Shiba Inu (SHIB) and The Hideaways (HDWY), with the latter promising a 9,000% growth for 2023.
Due to this strong whale support, analysts upgraded their Litecoin (LTC) price projections – LTC is expected to climb to $73.54 next week. On the other hand, a continued weak performance will show $47.88, a November 9 low, back on the daily charts.
The Hideaways (HDWY) Holds $100,000 Prize Draw for Crypto Fans
There is no question. The Hideaways (HDWY) is the most successful presale token of 2022. The project sold 50% of its offerings just a month after launch. What’s behind this high demand? Its real estate backing. Everybody wants to get a hold of something steady lately.
To celebrate the success of its initial presale event, it will hold a $100,000 prize draw open for all crypto fans. Knowing how much you lost from the Terra Luna and FTX crash, this is a chance to get your crypto portfolio healthy again.
The Hideaways (HDWY) token sells at $0.10, a small investment that could get you both an easy way to fortune and a steady, passive income monthly.
The new project underpins its NFTs with luxury real estate properties that yield at least 20% of passive income. This real estate link ensures your investment does not crumble on demand whenever volatility takes over the crypto market.
Don’t miss your chance to get on the best investment of 2022.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/12/are-litecoin-ltcs-glory-days-over