The crypto market could be on the verge of a major rally as analysts predict an upsurge for Litecoin (LTC) and Lunex Network. They say the former could rally to $200 while the latter might give investors 10x returns.
Lunex’s potential gains have attracted Sui (SUI) investors as the token battle with bears. The cryptocurrency is on the brink of losing the $3 support level if the bearish momentum continues.
Litecoin (LTC) Eyes Potential Upside To $200
The Litecoin token is trading in the green region as optimism builds up due to a potential LTC ETF hitting the market. Per CoinMarketCap, the value of Litecoin (LTC) has soared by 26.7% on the 7-day chart.
The cryptocurrency is also bullish on the higher timeframes. On the 30-day level, the Litecoin price is up 74.6%. On the 14-day chart, there is a profit of 36.1%.
Looking ahead, analysts are optimistic about the future of this altcoin. CryptoBullet, an anonymous trader, said on Sunday that the Litecoin price was trying to break out.
In the case of a successful breakout, he forecasts a potential target of $233-$280. Also, prominent trader Peter Brandt wonders whether LTC could “pull another XRP” and soar to $420.
Presently, the cryptocurrency’s relative strength index is above 70, signaling a high number of buyers. Also, the Hull Moving Average (9) and Average Directional Index (14) are displaying buy signals pointing to a potential uptrend.
Sui (SUI) Price Plummets
After a terrific price pump, the Sui coin has come under attack from bears. The Solana killer is currently on a downtrend and might lose the $3 level unless more buyers enter the market.
Data from CoinMarketCap reveals the Sui (SUI) price has dipped 4.1% on the 7-day chart. There is also a loss of 11.2% in the 14-day chart. Despite the bearish trend, experts are looking forward to a trend reversal. They expect the Sui price to recover and soar to new peaks in the next few weeks.
Paraboli8crypto says the value of the altcoin might rally to $10 before the end of December. Another analyst called CryptoBullet told his followers not to panic. According to him, pullbacks are healthy for the Sui crypto.
He said the Sui token could rally to a range of $4.7-5.2 in the coming weeks. The coin’s technical indicators currently support this prediction. The relative strength index is above the midline, for example. The Hull Moving Average (9) is also flashing a buy signal.
Lunex Network (LNEX) Presale Gains More Momentum
Lunex Network (LNEX) continues to attract a lot of interest from investors in the DeFi market. Its ongoing ICO has already garnered over $4 million, and $LNEX tokens cost $0.0036. This strong start is attributed to growing confidence in Lunex’s early-stage concept of decentralized finance. And as the presale continues, the analysts have predicted a 10x increase for $LNEX.
A special feature of Lunex is the possibility of exchanging assets between different blockchains. With the help of cross-chain swapping, one can swap over 50,000 tokens without any difficulty. As active traders are always in search of opportunities to minimize their time cross-chain trading becomes a crucial tool for those in the decentralized finance industry.
Another feature is the B2B payment gateway that allows organizations to accept cryptocurrency and instantly convert it into fiat. This feature provides simple answers to how companies can embrace cryptocurrency in their operations.
In addition, Lunex Network has a portfolio tracker. It provides you with an overall view of all investments, including cryptocurrencies, stocks, and ETFs. Portfolio tracking and control are made easy by the convenience of the users. These features make Lunex Network one of the best DeFi projects to watch out for in the market.
Final Thoughts
Litecoin (LTC) and Lunex Network are the top altcoins to watch right now. Their prices are expected to skyrocket in the coming weeks, making them a good investment choice.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Socials: Join Lunex’s Growing Community
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