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The Litecoin price surged 13% in the past 24 hours to trade at $109 as of 6:55 p.m. EST on a 148% leap in trading volume to $1.95 billion.
This leap made Litecoin the top gainer among the top 100 performing cryptos after the Commodities Futures Trading Commission (CFTC) said the token is a commodity.
The CFTC made the remark in a a lawsuit against crypto exchange KuCoin, a comment that is positive for the token because it suggests it is outside the regulatory reach of the the Securities and Exchange Commission (SEC), which has waged a war against cryptocurrencies.
Litecoin Price Sees A Parabolic Turn Surpassing The March 11 High
LTCUSDT Analysis By Tradingview
The Litecoin price indicates a gradual uptrend breaking out of a consolidation channel. This allowed the bulls to bounce back from losses around the $70 support level, pushing the price to $105 on March 11.
However, the momentum faced rejection at this point, leading to a downward trend that saw the bulls retreat to the $77 support level. Fortunately, this support zone has proven resilient, empowering the bulls to regain charge and drive the price up. As a result, the price has exceeded the resistance level of $105 and currently ranges between $105 and $109.
The price indicators are also bullish, with the Relative Strength Index(RSI), surging from 43 below the 50 midline level to 69. Increased momentum should push it into the overbought level of 70.
The bulls have also pushed the price above the 50-day and 200-day simple moving averages (SMAs). The moving average cross at $70 further affirms the general bullish momentum.
Litecoin Price Bulls Eye $130 High
There is potential for the price to continue the bullish momentum, presenting an opportunity for bullish investors with a potential 58% increase to $130 from its current price.
Conversely, bears may intervene, initiating a bearish sentiment and applying downward pressure towards the $94 support zone. In this case, investors with a bearish outlook on LTC may seek to profit from potential declines.
While investors are considering the best entry levels for Litecoin (LTC), the 5SCAPE token is experiencing a significant surge in its presale phase, presenting an attractive investment opportunity for investors looking for potentially lucrative returns.
5SCAPE Roars Past $3 Million: Best 100X Crypto To Buy Now?
5thScape is making waves with its presale rocketing past $3 million. 5SCAPE is a pioneering AR/VR mixed-reality crypto platform, seizing the momentum generated by the Apple Vision Pro launch.
The project is focused on revolutionizing the gaming industry by combining blockchain technology with virtual reality (VR).
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
The 5thScape team is already gearing up to create a complete VR/AR ecosystem encompassing game development, animation, and specialized hardware manufacturing. These efforts aim to ensure the project achieves widespread adoption in the market.
Buy 5SCAPE Now! Play To Earn For Passive Income
5thScape offers a play-to-earn feature, allowing you to generate passive income through participation in Web3 games such as MMA Cage Contest, Thrust Hunter, Immersive Kickoff, and Archery Master.
Leaving limits behind! 🚀 We have hit another milestone and has entered the 3rd round of our presale.
So join us on this incredible journey into the future of AR/VR gaming.
#5thScape #Presale #AR #VR pic.twitter.com/ZOkwg8s34E— 5th Scape (@5th_scape) March 26, 2024
YouTuber Oscar Ramos says 5SCAPE has ”everything I look for in a presale.”
5SCAPE is currently priced at $0.00248 per token, but a price increase of almost 15% is coming in just over a day. With the launch price set at $0.01, investors who buy now can lock in gains of 303% before listing.
Join the presale to buy 5SCAPE with your ETH, MATIC, USDT, or BNB, using a compatible digital wallet on the official website. You can also use your bank card.
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