Toncoin or Litecoin: The Altcoin Ready to Dominate Altcoin Season?
With the altcoin market set for a possible surge, Toncoin and Litecoin emerge as potential leaders. ChangeNOW, a platform for exchanging cryptocurrencies without registration, reports increased transaction volumes for these coins. This rise suggests that savvy investors and large holders concerned about fund safety are accumulating. The growing activity hints that these coins may experience growth in the future.
Toncoin Nears Support Level Amid Bearish Trend But Shows Growth Potential
Toncoin (TON) is currently trading between $5.26 and $7.17, showing a bearish trend with a 1-week price decline of 21% and a 6-month drop of 31%. The Relative Strength Index is at 30, suggesting that TON is approaching oversold territory. The nearest support level is $4.13, and the nearest resistance is at $7.94. If the price rebounds from the support, it could target the resistance at $7.94, representing a potential increase of around 50%. With the Simple Moving Average over 10 days at $5.22, there may be signs of consolidation.
Toncoins current setup appears favorable for those considering a purchase, and it can be acquired on ChangeNOW with no registration and no hidden fees.
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Is Litecoin Set for a Bullish Rebound After Recent Market Dip?
Litecoin (LTC) has seen its price range between $103 and $136 recently. Over the past week, its value dropped by over 20%, but it remains nearly 10% higher than a month ago and more than 27% up over the past six months. The Relative Strength Index (RSI) is around 30, suggesting the asset is close to being oversold. The nearest support level is at $85, while resistance is at $153. If the price moves upwards, it could potentially reach this resistance level, representing an increase of about 25% from current levels.
Litecoin can be exchanged on platforms like ChangeNOW without registration or hidden fees.
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Conclusion
In conclusion, Toncoin and Litecoin each offer distinct opportunities for investors and traders in the altcoin market. Toncoin shines with its innovative approach and a rapidly growing user base, while Litecoin is known for its longevity and widespread acceptance. For those looking to invest in these coins, ChangeNOW is a top choice for transactions. It allows users to exchange, buy, or sell without hidden fees or the need for registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction amounts, and the option to purchase crypto using a bank card, ChangeNOW makes engaging with the crypto market straightforward and accessible.
Read more: https://www.tronweekly.com/toncoin-or-litecoin-the-altcoin-ready-to-dominate-altcoin-season/
Text source: TronWeekly
