John Bollinger, a veteran in the crypto trading and analysis space who even created the Bollinger Bands trading tool, is now bearish on the future of Litecoin (LTC) when compared to the performance of other altcoins.
Shiba Inu (SJIB) also decreases under a long-term descending resistance trend line and a short-term descending parallel channel. The RSI and the shorter-term price action both give mixed signals, failing to confirm their trend direction. Many have turned to Pullix (PLX) as a result of this, as it can see a significant upswing in the coming months.
Shiba Inu (SHIB) Decreases – Is $0.000009 Still Possible?
Shiba Inu (SHIB) has declined in value according to the weekly technical analysis of the timeframe. This decrease was contained under a descending resistance trend line. Until now, the line caused numerous rejections, three of which were in November.
The rejections also created longer upper wicks, which are signs of selling pressure in the industry. Bulls have an advantage over Shiba Inu as the RSI reading is above 50, and the trend is upward.
The time frame chart showcases that Shiba Inu is down 10% in the past year despite moving up in value from $0.00000806 to $0.00000851 during the past week. According to the Shiba Inu price prediction, it can reach a maximum value of $0.000009 by the end of the year.
Litecoin (LTC) Will Get Back Up to $78.98 Despite Underperforming
Litecoin (LTC) is underperforming when compared to other cryptocurrencies, according to data from John Bollinger, a legendary analyst in the industry. The Bollinger analysis indicates that there was a 2-bar reversal. This is a pattern that is an indication of a possible change in the price trend for Litecoin. Based on the overall research, Litecoin exhibited this pattern at the lower end of the Bollinger Bands.
LTC is down 63% against Bitcoin since last November. It remains within the top 20 list, and according to the Litecoin price prediction, it can reach $78.98 by the end of 2023.
Pullix (PLX) to Feature Multi-Currency Staking and Token-Burn Mechanics
Litecoin is declining, and Shiba Inu has mixed signals. Traders are moving towards presale-stage projects, where Pullix (PLX) has gained the most attention. This upcoming project can completely change how TradFi operates by establishing a community-backed platform where anyone can begin trading markets without any barriers.
It offers users access to any asset alongside cryptocurrencies, and this is all available from a single account, 24/7, without any KYC requirements. Holders of the PLX crypto can also gain benefits, such as the daily revenues generated on top of the platform as passive income. They can either stake PLX or engage in multi-currency staking to access this.
There is even a token-burn feature on top of the platform that enables the stability of the cryptocurrency. During the initial presale period, PLX trades at $0.04. At launch, analysts project a price upswing of 50x, especially once the token is listed on major Tier-1 exchanges.
For more information regarding Pullix’s presale see links below:
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.
