Bitcoin’s stalling below $100k has left investors wondering when this much anticipated milestone will be reached. Meanwhile, the price of Litecoin (LTC) and Bitcoin Cash (BCH) are up on the charts.
Also, a new DeFi project known as Lunex Network (LNEX) is aiming for another price increase. Its value has risen by 210% already and could go higher in the coming weeks.
Bitcoin Cash (BCH) Crosses $500 Resistance
The Bitcoin Cash price is consolidating between $431.48 and $539.48 in the weekly timeframe. The altcoin had soared past the $500 level four times in the past seven days.
Bulls have crossed the level currently, positioning Bitcoin Cash (BCH) among the best performers. On the 7D timeframe, there is a profit of 12.2%, according to CoinMarketCap. On the 30-day chart, the cryptocurrency has a 41.7% gain.
Looking ahead, experts say the Bitcoin Cash token could soar to new highs soon. CW told his followers the coin is yet to break out of a falling wedge pattern.
If the breakout occurs, CW predicts the value of Bitcoin Cash coin may rise to $620. This is close to Best_analysts’ prediction of $621.62. In the meantime, the coin’s 14-day RSI is above 60, which signals high buying pressure. Thus, we might see some upward moves soon.
Litecoin (LTC) Price Rises Close To $100
The Litecoin token is exhibiting some signs of consolidation after a steep drop from its high of $103. The value of Litecoin (LTC) has pulled back to the $90 level. The first level of support is near the lower Bollinger Band at $85.
According to CoinMarketCap, the Litecoin crypto has gained on the price charts. On the 7-day chart, the token is up 10.1%. On the 14-day level, there is a profit of 28.9%.
On the upside, there is resistance at $101, the upper Bollinger Band, that LTC could not hold on to during the recent rally. If it breaks below $85, the Litecoin price might be vulnerable to more decline towards $68.
Going forward, the value of the coin has risen to $96 and $101. Meanwhile, the exit of SEC Chairman Gary Glenser has brought positive sentiment to the potential approval of the Litecoin ETF. CryptoJack forecasts the value of the Litecoin crypto could pump to $115-$155 in the coming weeks.
Lunex Network (LNEX): The Trading Platform for Businesses and Developers
Lunex Network (LNEX) is entering the DeFi market with a platform that will satisfy the requirements of modern traders and investors. Of these, the B2B payment gateway allows businesses to integrate and accept cryptocurrency payments, as well as convert them to fiat within a short time.
Lunex is also for developers and builders in the Web3 sphere. Its RPC node integration gives an interface to 65+ blockchain nodes through which developers can easily deploy and develop dApps. This infrastructure places Lunex not only as a trading platform, but as a solid environment for experiments in the blockchain space.
While still in the presale stage, Lunex Network has attracted more than $3.8 million, and tokens have a price of $0.0033. Such a result indicates increased trust in the potential of the platform. Experts believe that the token may rise 18x before its listing. Also, Lunex has a premium version for those who want to use more powerful tools and get extra conveniences.
The benefits of being a VIP member include cashback on the transactions, higher staking options, and better security measures such as an AML wallet check. These features are designed for clients who make big orders and want to enjoy more like staking rewards and protection. Lunex Network’s innovative approach makes it one of the best projects in DeFi now.
Final Words
While these altcoins – Litecoin (LTC) and Bitcoin Cash (BCH), are experiencing upward movement, a new entrant, Lunex Network, is looking to set an impressive price level for itself. It has taken advantage of the market volatility to draw the attention of investors seeking the best crypto to invest in.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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