Litecoin has seen vital good points of 16% over the previous week following a formidable restoration throughout the broader crypto market. Litecoin is bullish as we speak after gaining 3.3% within the final 24 hours. On the time of writing, LTC was buying and selling at $88.19 in accordance with knowledge from CoinGecko.

Litecoin value prediction

The discharge of the optimistic US Shopper Worth Index (CPI) knowledge noticed vital good points being posted throughout the cryptocurrency market. The cooling inflation ranges have renewed investor confidence, with a major improve in shopping for strain being seen.

Litecoin bulls rallied the worth to $90, which now serves as the present resistance. The bulls had been rejected at this value, therefore the retreat to $88. Nonetheless, the bullish momentum remains to be in play, with buyers anxious to see whether or not LTC will break previous $90 once more and probably rally to $100.

Litecoin bulls nonetheless have the higher hand as seen in LTC’s wholesome buying and selling volumes of over $1 billion within the final 24 hours. The coin at present ranks because the 15^th largest cryptocurrency with a market cap of over $6.3 billion.

LTC’s Relative Power Index of 65 reveals that purchasing momentum is at play. The token is but to achieve the overbought ranges, indicating that there’s nonetheless room for extra gtaind to come back. The MACD indicator additionally factors to a bullish development. The MACD line is at present at 0.98, whereas the sign line is 0.13, indicating that bulls have the higher hand.

Litecoin block reward halving

The Litecoin group is awaiting the subsequent block reward halving, which can be occurring in round 200 days. The halving occasion will see Litecoin block mining rewards slashed by half, and drop from the present 12.5 LTC to six.25 LTC.

Traditionally, this halving occasion has coincided with a notable bull run for LTC. The final halving occasion occurred in August 2019.

Diversify your portfolio with these altcoins

Because the crypto market rallies, buyers want to diversify their portfolios, and presales are identified to ship promising returns. Some altcoins to contemplate shopping for as we speak are MEMAG, FGHT, CCHG and RIA.

Meta Masters Guild

Meta Masters Guild is a Web3 challenge searching for to deliver collectively among the greatest blockchain cellular video games. Gamers that take part within the ecosystem will obtain rewards within the native MEMAG token. The challenge seeks to rework the blockchain gaming house by not solely making a enjoyable gaming expertise, but in addition providing extra utility and boosting group engagement.

The MEMAG token presale has solely simply launched. The presale has already crossed the $150,000 mark, with the worth growing step by step at every new stage. On the first stage, 1 MEMAG is priced at 0.01 USDT.

Combat Out

Combat Out is likely one of the most-talked about initiatives out there as we speak due to its potential to rework the move-to-earn house. Not like initiatives reminiscent of STEPN that solely concentrate on steps, Combat Out presents a holistic health expertise by means of custom-made exercise plans, monitoring instruments and analytics.

The challenge will even have bodily gyms which are outfitted with Web3 know-how and NFT avatars that may monitor the participant’s progress in actual time. The Combat Out presale is quick promoting out, with over $2.9 million raised thus far.

C+Cost

C+Cost is a brand new challenge focusing on ESG buyers. C+Cost runs on BNB Chain, and it goals to make use of blockchain to create a peer-to-peer cost community for electrical autos. The challenge seeks to allow EV drivers to entry the carbon credit market.

CCHG is the native token for the challenge, and it will likely be utilized by EV house owners to pay for charging their autos, making it a utility token. The C+Cost presale began in late 2022, and over $272,000 has been raised. 1 CCHG is priced at 0.013 USDT, and buyers are dashing to beat the subsequent value improve.

Calvaria

Calvaria is a play-to-earn battle card sport that’s at present within the final stage of the presale. Not like most web3 video games, Calvaria is not going to require cryptocurrency to play, making it accessible to each crypto and non-crypto players.

The Calvaria blockchain sport can be launched in Q2 2023. The presale has raised greater than $2.75 million thus far, with round 11% of the presale tokens remaining. After the presale ends, RIA is ready to be listed on the LBank and BKEX International exchanges.

Associated