DTX Exchange To $1 and Litecoin To $80 Analyst Reveals Forecasts
The crypto market is in a positive mood due to Donald Trumps return to the White House. Although Bitcoin and other altcoins have already posted huge profits, the focus is on experts who expect a new rally driven by expected regulatory shifts.
Meanwhile, Litecoin (LTC) and DTX Exchange (DTX) are expected to rally to new regions in the coming weeks. While Litecoin targets $80, analysts say DTX Exchange could see a potential surge to $1.
Litecoin (LTC) Targets $80
Chill Trader has identified a bullish flag pattern for Litecoin (LTC) on the 1-hour chart, suggesting a potential breakout target between $78 and $80. The analyst said the 200-EMA marks a key support level, ranging from $69 to $70. A breakout above the flag pattern could signal upward momentum for the Litecoin crypto.
On the flip side, a drop below the 200-EMA may indicate potential downside risk. Another expert, Waleed Ahmed, predicted the Litecoin price could pump to $115 in the coming weeks. In the meantime, the Litecoin token has profits of 8.8% on the monthly timeframe on CoinMarketCap. It is also trading above the 200-EMA. Its 14-day RSI is above the 50 mark, which signifies that bulls are in charge of the market.
DTX Exchange (DTX) Gains Momentum for $1 With Hybrid Model
DTX Exchanges (DTX) hybrid trading platform and unique features have attracted many to its cryptocurrency ICO, which has raised over $7 million. The DTX token is currently priced at $0.08 and has already been listed on CoinMarketCap. Analysts expect the value of this cryptocurrency to increase by 10x in the coming months. The exchange uses a hybrid model that combines the best of CEXs and DEXs.
DTX aims to integrate decentralized exchanges security with centralized exchanges speed and high liquidity. Another advantage of DTX is that it has a no-KYC policy. Unlike most exchanges, DTX allows its users to trade anonymously, which means that traders identities are not asked for. The above feature is important to users who wish to remain anonymous and do not want complications in the trading process.
DTXs liquidity aggregation solves one of DeFis largest problems. DTX always sources liquidity from multiple platforms and, in some cases, even breaks up large trades over several decentralized exchanges so traders always get the best prices with the least slippage. This function is crucial for traders making large trades because the speed of its execution does not affect the price.
Final Thoughts
Litecoins upward target of $80 shows that top crypto coins have a lot of potential for further growth. However, DTX Exchanges unique trading platform makes its price target of $1 more feasible. DTX Exchanges potential and features make it a promising prospect in the DeFi market.
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