Market Trends: Challenges for Litecoin and Ethereum Classic, While BorroeFinance Ascends
In Brief
BorroeFinance ($ROE), a new DeFi project, maintains its unhindered ascent to the top.
A recent market report showed Litecoin (LTC) tipped into a decline despite whales upping their LTC holding. Similarly, Ethereum Classic (ETC) bears forced the Ethereum (ETH) forked token into a corrective mood due to intense selling pressure. Meanwhile, BorroeFinance ($ROE), a new DeFi project, maintains its unhindered ascent to the top.
Which of these coins is the best crypto based on their outlooks? Let’s explore.
Litecoin Dives Despite Whale Presence
On November 20, Ali Martinez, a notable crypto trader and analyst, called attention to an exciting development in the Litecoin network.
In the post, Ali Martinez highlighted the similitude between Litecoin (LTC) accumulation by deep pocket investors and its price movement. He asserted that the rate at which Litecoin whales are scooping LTC, if maintained, may trigger a significant surge in the coming bull market.
Meanwhile, prominent on-chain data provider IntoTheBlock reported declining whale activities on the Litecoin chain compared to the past. The market intelligence firm noted decreased LTC transactions among deep pocket investors from 2,960 to 2,140. This decline occurred between November 14 and November 18.
A similar pattern is spotted when Looking at Litecoin’s (LTC) price action during this timeframe. LTC fell from $74.88 to $70.54 between November 13 and November 19. This marked a 5.80% decrease in the price of Litecoin (LTC).
Experts opined that LTC could soon stage a comeback if the whales maintain their current buying pace. They project Litecoin hitting $75.00 in the next jump, indicating a possible 4.5% increase in the price of LTC.
BorroeFinance Faces Upward While Other Altcoins Dip
On the other hand, BorroeFinance ($ROE) continues to inch further to the topside as it pulls strength from its growing adoption rate. $ROE’s future projection makes BorroeFinance one of the best cryptos to invest in for substantial gains.
What makes BorroeFinance ($ROE) such a captivating innovation in the digital asset landscape?
BorroeFinance is a marketplace for content creators within the Web3 sector to swap their future earnings derived from royalties, invoices, and subscriptions for cash. It also serves as a solution provider to the challenges of traditional finance, creating seamless access to funding for businesses and limping FinTechs.
BorroeFinance ($ROE) distinguishes itself as a profitable investment venture with low risk attached. BorroeFinance is in its second presale stage, with $ROE valued at $0.015, 50% higher than the price in the first stage.
Per its projection, $ROE is poised to make investors a lot of money before and after its debut on crypto exchanges. With such a promising outlook, many consider BorroeFinance ($ROE) one of the top DeFi projects to invest in for remarkable returns.
Ethereum Classic Dips As Resistance Surfaces
Ethereum Classic (ETC) was pushed back at the $22 zone after a second attempt to break this spot. Initially, ETC faced resistance at the $18 region due to the unrelenting effort of the bears to push the Ethereum Classic token value lower.
However, the Ethereum Classic bulls soon wiped out these bears at this level, pushing ETC to new highs and igniting hope for further increases.
Reaching the $22 range, the bears appeared more potent than the bulls as ETC’s bullish vigor dried up twice consecutively. This reaction indicates the existence of a supply zone between the $20 to $23 regions. Hence, Ethereum Classic bulls must subdue the bears at this base before ETC can experience any upswing.
As the chart reflects, Ethereum Classic (ETC) fell from $20.04 to $19.59, which indicates a 2.29% decrease. Experts opined that ETC will trail lower in the coming term as there’s no positive news to elicit a positive reaction. They expect Ethereum Classic to dive to $18.00, marking an anticipated drop of 1.18% in the price of ETC.
Learn more about BorroeFinance ($ROE) here:
Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
