Litecoin (LTC) and Dogecoin (DOGE) are two popular cryptocurrencies. As the crypto market inches out of the bearish territory, market experts have shared their price analysis for LTC. Meanwhile, it remains to be seen if DOGE can rally above $0.10 now it has a new contender.
Why is Everlodge Gaining Momentum in the Market?
Recently in the crypto market, there have been a lot of talks about a new project, Everlodge. There is growing interest in the project as it aims to transform the real estate industry. Everlodge will achieve this by making property investment cheaper and more accessible.
To achieve this, Everlodge will create NFTs (Non-Fungible Tokens) to represent real estate properties like hotels and luxury apartments. Afterward, the NFTs will be fractionalized into smaller shares on the platform. This means many people can collectively own high-end properties with an investment as low as $100 each.
Interestingly, Everlodge will also partner with popular luxury hotel chains and property developers. Through these partnerships, Everlodge will offer rewards like free nightly stays at hotels to its community members. You can benefit from this by joining Everlodge and even stand a chance to win a holiday to Maldives.
The aim of the project is to make it easy for investors around the world to generate monthly income from co-owned properties. Because of this, analysts are bullish about the platform token, ELDG. Now trading at $0.020 in its fifth presale stage, crypto analysts have predicted a rally to $0.50 before the year ends.
Price Analysis of Litecoin (LTC)
There was a huge accumulation of Litecoin in August. However, many investors were let down as the price of Litecoin failed to experience a significant rally. Since then, the price of the LTC coin has hovered between the $60 and $70 range.
Despite this consolidation, crypto analysts remain bullish about LTC. This is because the Litecoin network has been experiencing significant growth in 2023. As Litecoin celebrates its twelfth anniversary, the team announced that it has processed more than 50 million transactions, more than the entire 2022.
In addition, there has been a significant increase in the daily activity on the Litecoin network. As the network activity increases, crypto analysts, including FinanceShots have predicted that the price of Litecoin could rally above $100. If the cryptocurrency sees another bull market, then the Litecoin price is expected to average $202 by 2024.
Can Dogecoin Rally Above $0.10?
Although 2023 has been a bullish year for most cryptocurrencies, Dogecoin has failed to breach the $0.10 resistance. Instead, the Dogecoin price has been on a decline since April, dropping to the $0.05878 level in October.
Crypto analyst Ali Martinez confirms that DOGE has been trading within a large bearish triangle formation. According to Martinez, if the price of Dogecoin successfully breaks out of this bearish pattern, the meme coin could initiate a significant rally toward its all-time high.
Martinez believes this could happen as Dogecoin appears to be nearing the end of this triangle pattern. However, to confirm an uptrend, Dogecoin must first close above the $0.0835 level. If this doesn’t happen, then the price drop from $0.05878 could continue to the support level of $0.0482.
Find out more about the Everlodge (ELDG) Presale:
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