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NEAR and Litecoin are poised for a winter comeback, with DTX Exchange raising $6.1 million and trending with its Phoenix wallet that enhances security and ease of use for traders.
On Friday, Near Protocol (NEAR) continued its bearish momentum with an intraday decline of 12%. However, Litecoin (LTC) regained its breakout after a failure within its base. Some large coins such as NEAR and LTC have obvious weaknesses.
Meanwhile, DTX Exchange (DTX) crossed the $6 million mark. This was a goal for November, but DTX achieved it before then due to a surge in demand due to new developments. This article provides price predictions for Near Protocol (NEAR) and Litecoin (LTC) and how new developments in DTX are completely changing DeFi.
Near protocol disrupts pennant pattern
Near Protocol (NEAR) had a strong performance at the end of September, rising 34% after breaking above the downtrend line. However, since its peak in September, Near Protocol (NEAR) has fallen 32% to current levels at $4.46. Technical analysis revealed the breakdown of the pennant pattern’s lower trend line.
The concern for Near Protocol holders is that Near Protocol is trading near its 52-week low and the coin could fall that much if the current decline continues. If there is a further downtrend, $3.85 and $3.4 are the immediate support levels for the near protocol price.
Litecoin finds support at the 50-period moving average
After breaking out from the wedge pattern, Litecoin is struggling around the $72 level. Supply took over at the $75 zone and LTC prices returned to a wedge base. However, it is showing tennis bowl action near the 50 period MA. The current relative strength index is 57, indicating a neutral price trend between the upper and lower zones.
On the weekly chart, the main barriers for Litecoin are the 50-week moving average and the $75 resistance zone. Litecoin is trading 80% below its all-time high, and its relative strength is causing holders to move to better opportunities such as DTX Exchange.
DTX Exchange launches one of the most secure wallets in the cryptocurrency space
DTX Exchange continues to develop its own blockchain after its announcement. Introducing Phoenix Wallet, the most secure Web3 custody solution. This wallet allows users to easily pay, borrow, and send cryptocurrencies with high security. It is also an integrated wallet, allowing traders to trade over 100,000 instruments on a single platform.
DTX Exchange provides traders with an end-to-end solution and is the biggest competitor to traditional exchanges. DTX offers traders 1,000x leverage with fast order execution of 0.4ms. It also offers a variety of trading tools such as quantitative trading, copy trading, and algorithmic trading.
DTX pre-sales continue to be in high demand due to continued development from the first stage. More than 12,000 holders have already participated in the pre-sale, with early investors sitting with returns of over 300% from the first stage. Currently, the price of DTX token is $0.08, but considering the powerful and effective features of the DTX platform, the price can rise up to $10 after the platform launch.
To learn more about DTX, visit the presale website, the DTX official website, and join the DTX community.
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