Litecoin Price Projection: Declining Selling Pressure Encouraged by Golden Cross Prompts Prevention of $100 Fall
In the world of cryptocurrencies, the last 12 hours have seen a significant shift in market dynamics. While Litecoin (LTC) is holding steady at $110, its weekly losses are nearing 10%, and derivatives data shows a decline of 33.8% in LTC futures trading volumes to $596 million. On the other hand, the open interest in LTC futures trading remains stable at $917 million.
This market turbulence has led some traders to consider shifting their capital to a new project, SUBBD ($SUBBD). The AI-powered platform for content creators aims to transform creator-fan engagement using AI-enhanced utility features. In its presale, SUBBD has raised $1.05 million, with a target of $1.26 million. The strong early adoption from retail investors has been noteworthy.
The SUBBD presale, currently ongoing, offers tokens priced at $0.05625. Limited discounted entry tiers remain available. Premium access to influencer-endorsed content, staking benefits linked to exclusive livestreams, and discounts on platform subscriptions are among the AI-enhanced features offered by SUBBD.
The trend of increasing short liquidations and flattening open interest indicates a potential market bottoming phase. The golden cross pattern formed on August 4, where the 5-day moving average crossed above the 8-day and 13-day averages, is providing anchoring support during short-term sell-offs. Liquidation data shows long liquidations totaling $496,380 and short liquidations at $444,120 over a 24-hour period.
It is important to note that this article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so it is encouraged to verify information on one's own and consult with a professional before making decisions based on this content.
The official SUBBD platform is the avenue for investors to secure tokens before the presale cap is filled. For those interested in Litecoin, if the current trends persist through weekend trading, bulls could regain momentum and potentially push prices toward $115. However, a breakdown below $110 could pose a risk to Litecoin's price.
The search results do not provide specific information about which companies participated in the financing of the AI-powered platform project SUBBD, nor the exact total amount collected or the timeframe of the fundraising. Nonetheless, the potential of SUBBD and its AI-enhanced features promises an exciting venture in the world of cryptocurrencies.
