Litecoin (LTC) recently saw a major upswing in appeal and in its value following BItPay’s announcement that Microsoft Accounts now support it as a payment option. Despite this, John Bollinger is bearish on the future of the crypto.
TRON (TRX) was also positively affected, as its network saw an upswing in activity and its value increase. The most significant attention is, however, given to Everlodge (ELDG) as it entered Stage 8 of its presale, marking a 170% upswing since the start. Today, we will go over each one of these cryptocurrencies to see just how far they can rise.
TRON (TRX) Sees Increased Buying Momentum – Can It Break Past $0.11?
TRON (TRX) saw a massive buying momentum that sent its value upwards and persisted in forming higher highs, conveying the chart uptrend. The TRX crypto passed the $0.10 mark and is above this trajectory.
Then, the TRX crypto to the 50-day EMA mark post-rejection from $0.11. Technical data, however, does suggest that TRON does have a bullish trend, as the price rose above the key moving averages, triggering a bullish engulfing candlestick in the trading session. The buyers persisted in accumulating the TRON crypto and are attempting to escape its resistance at $0.11 now. During the past year, TRX is up 98%, and according to the TRON price prediction, it can reach $0.13 by the end of 2023.
Litecoin (LTC) to Dip According to John Bollinger – Other Data Suggests Climb Above $100
Litecoin (LTC) recently saw an upward trajectory following its integration with BitPay. With an official announcement on X (Twitter), the platform announced that the Litecoin crypto can now be used on any Microsoft Account. BitPay also revealed last month that Mecum Auctions supports LTC as well, adding even more support.
Yet, John Bollinger is bearish on the future of the crypto. He’s a legendary analyst, and the Litecoin crypto showcased this pattern at the lower end of the Bollinger Bands, a technical indicator developed by the analyst. During the past week, the LTC crypto traded between $71.49 and $79.31 and only increased by 9.2% in the past two weeks. Based on the Litecoin price prediction, it can reach as high as $106.86 in Q1 2024.
Everlodge (ELDG) Enters Stage 8 of Presale and Climbs 170%
Everlodge (ELDG) is an upcoming real estate marketplace that can completely disrupt the industry by solving key barriers of entry alongside issues that have been a part of it for years. For example, people needed millions in upfront capital to access the industry, and as a direct result, it was out of reach for many. It lacked transparency and, most importantly, liquidity due to this high entry barrier.
By minting properties as NFTs and then fractionalizing them, Everlodge will solve all of these issues. The smart contract will hold all of the important details, such as title deeds and ownership data, increasing transparency. Each fraction will cost just $100 and can be resold at any time in the future, solving both the cost of entry issue and the liquidity issue.
There will also be a dedicated Rewards Club where anyone can get free nightly stays and a Property Launchpad where builders can get capital from the community. The native crypto will also be used for staking, through which anyone can get passive capital gains, and for governance votes. During its crypto ICO, ELDG, the native crypto, has made solid progress as it recently entered Stage 8 of the presale. Here, it trades at $0.027, marking a 170% jump since its start.
Summary
The future of Litecoin is mixed, and while TRON is currently bullish, it is uncertain just how long this momentum will last. At this rate, analysts project an upswing of 2,500% at launch, and as a result, many traders began diversifying their holdings with Everlodge, making it the best cryptocurrency to invest in.
For more information about the ongoing Everlodge (ELDG) Presale, please visit their website.
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.
