Litecoin and Cardano have experienced phenomenal runs over the past few years. However, it’s now safe to say that these two altcoins have reached points of diminishing returns. Crypto whales seeking massive multipliers are turning to a fast-selling presale star, Lunex Network (LNEX).
The new DEX swapping protocol is still in its presale campaign but has already raised over 1.5 million and delivered over 41% ROI to its early adopters. Lunex is ready to reshape the decentralized exchange realm by bridging the gap between separate blockchains,
Lunex Network (LNEX): The Future of Crypto Trading
Lunex’s new hybrid exchange will redefine the DEX space. It is designed to address inherent issues facing blockchains, including high transaction costs. The exchange platform will allow traders to swap over 50,000 cryptocurrencies across multiple blockchains, reducing delays that would lead to missed opportunities. Moreover, traders will not require third-party wallets like PhantomWallet, eliminating potential risks and making trading secure and fast.
Beyond that, it stands out for its revenue share model. Here, the platform will redistribute part of its revenue to its holders. Lunex Network will also offer advanced tools like a Portfolio Tracker to help users track and manage their investments. For the more privacy-concerned investors, Lunex Network doesn’t have cumbersome KYC verifications when signing up. The move has removed the hassle of registering on centralized exchanges and simultaneously keeps total anonymity.
The project is at the fifth stage of its presale, with LNEX token selling at a modest price of $0.0019. While its presale presents an intriguing opportunity for investors to capitalize on short-term gains. Lunex’s robust utilities and deflationary mechanism have also positioned it to deliver long-term gains. With this view, Lunex Network could witness massive adoption, potentially increasing its price.
Litecoin Price Analysis: Will LTC Coin Breakout Soon
After its August low, Litecoin’s price has been hovering between critical support and resistance zones, highlighting a potential shift. But after the price of Litecoin recovered, it moved sideways and formed a symmetrical triangle below its horizontal resistance. It recently broke out from both of its primary resistances, the altcoin retested another level that is pivotal for its future outlook.
Source: TradingView
According to Elliott’s Wave Theory, corrective waves can retrace up without necessarily altering the broader bullish outlook. In the near term, the price of Litecoin is prime for growth. Since August, the altcoin has consolidated near the $63 region but recently breached above the symmetrical triangle, pushing its value to $76 on October 20. Notably, this was a rally above its horizontal resistance. However, the price corrected to fall back to the $68 level. If the early uptrend and the symmetrical triangle represent a corrective phase, the LTC token’s next upward rally could see it target the $90 region.
With the $100 mark as its potential peak, LTC’s price reversion indicates that the altcoin could be in corrective wave 2. A rally above the $71 mark could suggest a bullish phase. However, if the altcoin fails to breach this level, the price of Litecoin could face another downturn, which would pull back its value to lower levels like those seen on August 5.
Cardano Network Unlocks Access To BTC’s $1.3T Treasure Trove
Cardano has seen a ground-breaking development that has ignited excitement in the broader cryptocurrency market. The network has partnered with BitcoinOS (BOS), a smart contract operating system for Bitcoin. This partnership aims to bridge the gap between the two powerhouses and unlock trillions of dollars in liquidity for Cardano. It will also introduce a new layer of usability and programmability for Bitcoin.
The partnership has triggered renewed optimism among Cardano investors and traders. Its technical indicators align with this positive sentiment, with the bulls retesting critical support from a bullish pattern, which indicates the potential of a price reversal. According to a popular analyst, Deezy.eth. Cardano price has formed a recurring pattern that could lead to a massive recovery trend.
Source: X (Formerly Twitter)
He noted that the ADA price, often at the bottom of a downturn, will witness a higher formation in its RSI slope. Typically, this bullish divergence indicates that the buyers are returning to the market at a discounted rate and possibly could renew a recovery trend. ADA’s past historic trend highlights a massive reversal after the RSI divergence, with the impending one leading to a new ATH of $3.1.
Best Cryptos To Invest In: LTC, LNEX and ADA
As Cardano and Litecoin gear up for new highs in the next few months, Lunex Network continues to attract traders and investors. It is expected to quickly become the go-to platform for anyone looking for a premium DeFi experience.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Source: https://blockchainreporter.net/holders-of-these-top-cryptocurrencies-recognize-the-potential-of-lunex-network-heres-why/