Bitcoin pumps, the market follows and so does Litecoin. Litecoin’s upward movement keeps pushing, with the daily RSI pointing bullish, but the market still awaits confirmation of a close above the $75 area to continue the bullish trend. Another token emerges that is worth taking into account, what does it entail?
Litecoin Shows Bullish Momentum
A look at the weekly chart shows a trading range for Litecoin’s price between $60 and $100 since November 2022. With the ongoing bullish momentum, Litecoin seems to be on its way back to its all-time high. As recently announced on X, Litecoin reserves are pegged over 101% which makes it an attractive and more importantly, a safe opportunity.
Litecoin shares many similarities with Bitcoin but provides cheaper transactions and aims to address problems like transaction speed, and commission fees. Litecoin is a decentralized open-source project built on Bitcoin’s code.
The development team behind Litecoin regularly releases updates. The innovations of the Litecoin ecosystem keep enhancing security and scalability and attract more users daily. Litecoin investors will benefit greatly from the ongoing upswing that might indicate the start of an upcoming bull market.
Whilst the arrival of the bull run is still to be confirmed, the possibility for Litecoin to provide significant gains is high.
That said, most of us are looking for the next moonshot, the next 1000%+ token. Analysts see immense potential in a new coin and crypto platform called Meme Moguls.
Meme Moguls – an engaging play-to-earn game
Meme Moguls is a new and exciting platform in development that will let you trade memecoins and NFTs of memes. It will be powered by the MGLS token.
When the presale is finished, the MGLS will be issued as an ERC-20 token on the Ethereum Blockchain. The token will be launched on major DEXs and CEXs, and the potential of this unique project means the sky is the limit for the MGLS token price.
Meme Moguls will offer a meme trading platform allowing people to buy, sell, and trade meme assets for profits and rewards. This innovative approach aims to revolutionize the way the meme coin market engages, providing a unique and new opportunity for traders, beyond traditional markets.
Meme Moguls will be a platform for memecoin traders to unite. It will be a fun place for people to figure out how to maximize their capital, explore new trading strategies, and discover new coins – all in the spirit of friendly competition and community.
The native MGLS token offers several utilities within the Meme Moguls ecosystem. Such as governance and voting rights, staking, rewards, and access to exclusive features and events within the Meme Moguls ecosystem. The Meme Moguls token offers multiple opportunities to earn passive income.
The presale is on, and MGLS tokens are available for only $0.0019. The experts see a potential 100x after listing on major exchanges. During the presale, the team is also giving away $10,000 at the end of each stage to incentivize participation in the presale.
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Source: https://www.analyticsinsight.net/litecoin-ltc-price-predicted-to-hit-100-according-to-experts/