While investors anticipate a rally, the crypto market continues to show mixed signals. While Litecoin has lost its battle at the $70 resistance, Shiba Inu continues its sideways trading. On the flip side, Everlodge has emerged as a top performer, attracting investors.
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Litecoin Loses Battle At the $70 Resistance
Since dropping below $70 in August, Litecoin has been making several attempts to recover lost ground. However, on several occasions, this level has proven to be a tough nut to crack. Joining the market-wide rally, the LTC coin rallied to $69 but failed to overcome this level.
As a result, the price of Litecoin dropped to $64.52. However, there could be hope for LTC in October. The 14-day Relative Strength Index (RSI) of Litecoin stands at 53.59, hinting at a balanced market condition. This is backed up by its MACD hovering at 0.129 for a potential buy opportunity.
The 10-day (EMA) of Litecoin flags a bullish trend in the short term. If this plays out, the Litecoin price could increase from $64 back to retest the $70 resistance. However, if the bears come up victorious, then LTC could drop back to $60.
Shiba Inu (SHIB) Continues Sideways Trading
Like Litecoin, the Shiba Inu coin, SHIB, has failed to break out of a critical resistance at $0.00000800. This resistance has held for more than five weeks, forcing SHIB to trade sideways. In this period, the price of Shiba Inu has hovered around the $0.00007300 range.
Despite this, there are positive signs that could see the Shiba Inu price attempt to break above $0.00000800. The lead developer of the project, Shytoshi Kusama, has recently announced that Shiba Inu is working on AI initiatives.
As part of Shiba Inu’s AI initiatives, the team will partner with Bad Idea AI Team. When the AI-based project they are working on is released, the price of Shiba Inu could increase. Crypto experts have predicted a bullish Q4 for SHIB, forecasting a rally to $0.00001250.
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Everlodge Set To Lead Market Rally With 25x Rally
There are predictions that Everlodge will lead the next bull market because of its unique approach to real estate investment. The aim of Everlodge is to transform the traditional real estate market by integrating blockchain technology. Investing in real estate is often difficult because of the high overhead cost required.
To solve this problem, Everlodge will use a fractional co-ownership model. The platform will list properties from highly sought-after destinations around the world. Everlodge will digitalize and fractionalize these properties, using non-fungible tokens.
By allowing investors to buy fractional shares of the NFTs, Everlodge will begin selling properties at only $100. In essence, Everlodge is preparing to launch a property marketplace where users can invest in villas, hotels, and other properties as NFTs.
With its unique model, Everlodge has been predicted to dominate the real estate industry. As a result, crypto analysts have predicted a 25x price surge for its utility token, ELDG. This surge will take the price of ELDG from $0.019 to $0.475 in the fourth quarter.
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The post Litecoin Loses $70 Battle, Experts Predict A Bullish Quarter For Everlodge and Shiba Inu appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/litecoin-loses-70-battle-experts-predict-a-bullish-quarter-for-everlodge-and-shiba-inu/