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Although Ethereum and Litecoin have garnered investor interest with their recent rallies, Lunex Network's multi-chain trading platform is a brand new hotspot for whales and savvy investors. Lunex Network is attracting Litecoin and Ethereum investors with promises of cross-chain transactions and low fees to connect several blockchain ecosystems. The platform's unique approach has raised over $2.6 million in its presale to date, and experts are distinctly confident of its potential success.
Ethereum struggled to stay above $3,250 and reached key resistance at $3,150 and $3,120. Ethereum found support around $3,000 with a low of around $3,016. From here, Ethereum has consolidated losses and is now above $3,200 and its 100 hourly SMA, suggesting continued bearish pressure.
The very first hurdle for Ethereum stands out as the $3,120 level and a possible next resistance at $3,180. A break above $3,220 might drive Ethereum towards $3,320 and higher gains. But in case Ethereum can not beat these resistances, it might see additional losses with support levels averaging $3,060, $3,040, and $2,980. Ethereum might test $2,920 or $2,880 in case bearish momentum persists.
A surprising move occurred when Litecoin adopted the memecoin label on November 14, 2024, as a message read "I now recognize it as a memecoin." This particular daring rebranding created an uproar in the crypto world and pushed Litecoin rates above $82.25. Litecoin trading volumes jumped over 96%, signaling a far more playful meme-inspired approach mirroring Dogecoin and other memecoins.
Industry experts think Litecoin could reach $100 in case the coin continues its upward trajectory, as technical indicators like Bollinger and RSI Bands signal sustained bullish momentum. An additional 31% increase in short-term holders also suggests growing market interest which might position Litecoin for long-term growth.
The DeFi and Web3 ecosystem has suffered from isolated systems and multi-chain incompatibility, stopping traders from moving assets or running smart contracts across various platforms. Lunex Network seeks to resolve this issue by enabling users to interact effortlessly across more than 40 blockchain networks. At its core, Lunex Network features a multi-chain bridge that connects over 50,000 cryptocurrencies, facilitating smooth and efficient transfers.
Unlike several centralized platforms, Lunex Network lets users benefit from its multi-chain features without having to submit to any KYC requirements. Lunex Network also introduces smart contract-powered Automated Market Makers (AMMs) to boost transparency, ensuring accurate trades with lower slippage while upholding decentralized principles. The $LNEX token, integral to the platform, offers transaction fee discounts and staking rewards with up to 18% APY, providing valuable incentives for users.
Additionally, Lunex Network includes a portfolio tracker that allows users to monitor assets across multiple categories, from stocks and bonds to crypto.
Currently in its presale phase, Lunex Network has already raised over $2.6 million, with the $LNEX token priced at just $0.0026. Experts predict an impressive 1,800% growth in the coming cycle, making it a prime opportunity for Ethereum and Litecoin investors.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
