Technical analysis is crucial in trading cryptocurrency and helps traders make decisions. Traders can understand market patterns, prospective price moves, and the best times to enter and exit the market by analyzing price charts and employing a variety of indicators.
In this article, we will examine several critical technical indicators for Decentraland, Litecoin, and Tradecurve to assist traders in making wise investment choices.
Summary:
- Decentraland could see further price growth
- Litecoin appears to be stagnating
- Tradecurve could see a 50x growth by the time its presale ends
Decentraland (MANA) on an upward trajectory
In the last week, Decentraland has risen by 13.8% in value. This increase can be attributed to the Decentraland Game Jam event, which was recently announced. In this event, Decentraland creators will compete to see who can build the best creative scene on the theme “Lucid Dreams.”
Decentraland is currently trading hands at $0.3703 with a market cap of $700M, a surge of 2.37% in the last 24 hours. Moreover, the trading volume of Decentraland also jumped by 11.34% in that same time, reaching $65,202,549.
If we look at its technical analysis, we can notice a bullish picture with both Decentraland technical indicators and moving averages showing strong buy signals. With its RSI value also sitting at the 61 levels, all scales are tipped in favor of buyers. Because of this, Decentraland could see price increases soon.
Litecoin (LTC) remains neutral
The second oldest coin, Litecoin, is a well-known cryptocurrency renowned for its quick confirmation times for transactions. Litecoin has been on an uptrend recently, as its value has jumped by 17.2% in the past seven days. Many individuals believe that this rise was because, on August 2, 2023, Litecoin will experience its third halving event, which will lower its block rewards from 12.5 to 6.25 Litecoin.
At the moment, Litecoin has a value of $85.83 with a market cap of $6.2B, a rise of 1.81% in the past day alone. However, the technical analysis of Litecoin paints a different picture, as its moving averages are in the neutral zone. Not only that, the technical indicators are showing sell signals.
Despite this, experts predict a rise to $87 for the coin soon. The bullish thesis for Litecoin will be disproved with a break below $76.15, which may also lead to a sharp fall down to the range bottom at $65.10.
Tradecurve (TCRV) could see tremendous growth
While Decentraland and Litecoin are fighting to recapture their former glory, one project currently in its presale phase has made a name for itself in the crypto market – Tradecurve. This upcoming decentralized trading platform has the potential to become a top 3 global exchange by eliminating many issues that currently riddle the online trading industry.
Due to its decentralization, Tradecurve will not need third-party mediators, resulting in low trading fees and self-custodial portfolio management. Moreover, after the FTX collapse, many individuals grew untrustworthy of the big exchanges such as Coinbase and Gemini due to the lack of transparency. Tradecurve plans to implement its own Proof of Reserves (PoR) to solve this. This feature gives users confidence that their funds are secure and that the platform operates with integrity.
The main selling point of Tradecurve will be the elimination of sign-up KYC checks meaning traders will not have to worry about their personal information being leaked. Instead, users can just utilize their cryptocurrency as collateral by connecting a crypto wallet to their trading account.
And while many traditional platforms focus solely on one asset, Tradecurve offers all derivatives and cryptocurrency to be traded on one account, removing any hassle of creating multiple accounts.
Regarding features, traders will find a high leverage starting at 500:1, the ability to subscribe to automated & AI trading bots, a VIP account service, and more. One notable feature is the negative balance protection. This protects traders’ finances and prevents them from getting into debt or facing financial hardships due to trading losses.
The key to obtaining subscription fee discounts, access to VIP status, and governance is to hold the TCRV native token. This token costs just $0.018 and is in Stage 4 of its presale. In the last week, a 20% price increase occurred as Stage 3 ended.
Some experts have even foreseen a 50x growth for the TCRV value as its presale advances. This prediction could very likely come true as millions of tokens have been sold already and demand is high.
If you wish to purchase this potential blue-chip token for an affordable price, follow the links below and gain a 25% deposit bonus.
For more information about the Tradecurve presale:
Click Here To Buy TCRV Presale Tokens
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
