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NEAR and Litecoin are poised for a winter comeback, while DTX Exchange raises $6.1 million and trends with its Phoenix Wallet, enhancing trader security and usability.
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On Friday, Near Protocol (NEAR) dropped 12% intraday, continuing its bearish momentum. Litecoin (LTC), however, regained its breakout after the failure inside the base. There is a clear weakness in some large-cap coins like NEAR and LTC.
Meanwhile, DTX Exchange (DTX) has crossed the $6 million mark. This was a target for November, but DTX achieved it before that time as demand shot up in new developments. This article will discuss the price prediction of Near Protocol (NEAR) and Litecoin (LTC) and how DTX’s new development is completely changing the DeFi.
Near Protocol breaks down pennant pattern
Near Protocol (NEAR) performed well at the end of September, rising 34% after the breakout of the descending trendline. However, since the September top, Near Protocol (NEAR) has dropped 32% to the current level of $4.46. Technical analysis has given the breakdown of the lower trendline of the pennant pattern.
Concern for Near Protocol holders is that it is trading near the 52-week low, and a continuation of the current downswing could take the coin there. In case of a further downtrend, $3.85 and $3.4 are the immediate support levels for the Near Protocol price.
Litecoin finds support at 50-period moving average
After the breakout from the wedge pattern, Litecoin is struggling near the $72 level. Supply took over at the $75 zone, and LTC price returned to the wedge base. However, it has shown tennis bowl action near the 50 period MA. The current relative strength index at 57 indicates the neutral price behavior in the middle of the upper and lower zones.
On the weekly chart, the major barriers for Litecoin are the 50-week moving average and the $75 resistance zone. Litecoin is trading 80% below the all-time high level, and due to its weak relative strength, holders are moving to better opportunities like DTX Exchange.
DTX Exchange launches one of the most secure wallets in the crypto space
DTX Exchange has continued its development after its proprietary blockchain announcement; it has now come out with the most secure web3 custody solution: the Phoenix Wallet. With this wallet, users can easily pay, borrow, and send cryptocurrencies with high security. It is also a unified wallet, allowing traders to trade over 100,000 instruments in a single platform.
DTX Exchange has become the biggest competitor for traditional exchanges, providing traders with end-to-end solutions. DTX provides 1,000x leverage to traders with fast order execution, with a speed of 0.4ms. It also offers different trading tools, such as quant, copy, and algorithm trading.
DTX presale continuously sees high demand due to continuous developments from the first stage. Over 12,000 holders have already joined the presale, and early investors are seating with over 300% gains from the first stage. Currently, the DTX token is priced at $0.08, and considering the powerful and effective features of the DTX platform, the price can go upto $10 after the platform’s launch.
To learn more about DTX, visit the presale website, the official DTX website and join the DTX community.
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This article first appeared at crypto.news
