The pullback after the recovery is weak, and the trend can change soon. The $62.37 is a strong resistance level for Litecoin (LTC), while the 50-day moving average is holding the Tron (TRX) price from sliding.
But even in this pullback, many coins are showing great strength one of which is DTX Exchange. DTX is leading the exchange platform pack and emerging as a leader in the sector. From the last month, DTX’s price has already doubled, leaving behind biggies like Tron (TRX) and Litecoin (LTC).
Tron (TRX) Rejection From 0.5 FIB Level
The sharp fall in Tron (TRX) brought the price down below $1,200, but it is now trading at the current level of $1,276. The recent recovery in Tron (TRX) has increased the price by around 10%, placing it at the 0.5 Fibonacci level.
The Tron (TRX) price has been rejected slightly in lower volumes from the Fibonacci level, indicating lower strength in the pullback. If Tron (TRX) is able to break the level, the next resistance for the price is $1,400. The support on the downside is $1,200, and the next support level is $1,150.
Litecoin (LTC) Bear Flag At Crucial Support Level
On 5th August, Litecoin (LTC) hit the 52-week low of $50, price then pushed to the upper side to the current level of $62.41. The recovery in Litecoin (LTC) wasn’t as strong as in Tron (TRX). The good thing is that Litecoin (LTC) is currently above the 10-day moving average, indicating strength.
For the bear flag in Litecoin (LTC), $59.20 is the immediate support zone. Weakness in this zone can definitely lead Litecoin (LTC) to a lower low. The strong support further below is the $57.3 and $55 levels.
DTX Exchange: Life-Changing Investment – Institutional Investors
DTX Exchange has rapidly emerged as a significant force in the cryptocurrency market. Its ongoing presale has already surpassed $1,200,000 and is on track to comfortably exceed $2 million by the end of August 2024.
The platform has become a major player in the bull market due to features like profit sharing, trading bonuses, 1000x leverage, copy spot trading, and no KYC requirements.
DTX Exchange ensures that traders never miss a beat with its lightning-fast execution speed. The platform also provides extensive reference content at a click, offering a wealth of graphs, charts, and analytical tools that help traders stay ahead of the curve and make informed decisions.
DTX Exchange’s strength lies in its robust security protocols and blockchain L1 technology. The platform’s non-custodial wallets give users full control over their digital assets and private keys, with no intermediaries involved. Additionally, holders gain governance rights and access to mega giveaways.
DTX also offers advanced tools and APIs, enabling holders to automate trading strategies, execute trades with precision, and take advantage of market inefficiencies with unmatched efficiency and accuracy. According to DTX Exchange, it is ready for a 100X rally.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
