✅Litecoin (LTC) Price Weakens Below $100 As Bears Extend Their Grip

The bearish momentum behind Litecoin’s decline raises questions about the factors driving this price slump and the potential implications for the broader cryptocurrency market.

Will Litecoin be able to regain its strength and recover from this setback, or is there more downside ahead?

Bears Pull LTC Price Down

Litecoin is currently experiencing a downturn in its price, with CoinGecko reporting it at $93.52. This marks a significant decline of 4.5% within the last 24 hours and a substantial seven-day slump of 17.2%.

As the price slips below the crucial $100 mark, traders and investors are closely monitoring the situation and assessing the potential factors that could influence LTC’s rebound.

The recent dip below $100 has sparked concerns among market participants, indicating that sellers might be gaining the upper hand.

Traders and investors are now paying close attention to the $90-$92 price range as a critical zone that could determine the outcome of the ongoing battle between the bulls and the bears.

According to an LTC price report, if the price manages to hold above this level and the bulls can regain control, it could indicate a potential recovery for LTC.

However, a breach of this support zone may further fuel the bearish sentiment and lead to additional downward pressure on Litecoin’s price.

Insights And Technical Factors To Consider

To anticipate how Litecoin will rebound from this slump, traders and investors should closely examine various insights and technical factors. Factors such as trading volume, price patterns, and support/resistance levels should be considered to gauge the strength of a potential rebound.

Apart from technical considerations, market sentiment and external factors also play a crucial role in Litecoin’s price movement. As the broader cryptocurrency market often influences individual assets, monitoring industry-wide trends becomes vital.

Traders and investors should keep a close eye on Bitcoin, the leading cryptocurrency, as Litecoin has often displayed a strong correlation with its price movements.

If Bitcoin experiences a significant recovery, it could potentially boost sentiment across the cryptocurrency market and provide support for Litecoin’s rebound.

Any positive developments in terms of regulatory clarity or major adoption announcements may also generate renewed interest in Litecoin and drive its price higher.

✅Business Meeting around the corner

Tomorrow, there will be a business meeting in Almaty, Kazakhstan, Grand Hotel Tien-Shan at 12:00 Everyone is welcome to come and watch for free. Director Denis Milanovsky will talk about the company. There will also be a video of the event.

So join my team and start earning. On favorable terms.

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✅Network Growth for ETH Rises Despite $2K Resistance Holding

The blockchain analytics platform Santiment revealed in a tweet earlier today that network growth for Ethereum (ETH) has been on the rise over the past few weeks. According to the post, new addresses are being created on the blockchain at an increased pace, which may be a signal of eventual market cap growth.

The firm also noted that Ethereum’s network growth is at its highest level in 4 months. Santiment referred to this increase in new addresses as a bullish divergence, given that ETH’s price struggled to overcome the $2K resistance level during the same time period.

At press time, CoinMarketCap indicated that the altcoin leader’s price stood at $1,860.96 after it printed a 3.06% gain over the past 24 hours. This negative daily performance succeeded in pushing ETH’s weekly performance into the red as well. As a result, the crypto was down 1.36% over the past 7 days.

Looking at ETH’s daily chart, the altcoin’s price dropped below the crucial 50-day EMA line over the past 24 hours to reach a low of $1,826.00. Bulls did, however, give ETH a much-needed boost for it to trade above the technical indicator at press time.

Nevertheless, ETH’s price remained at risk of dropping to the next major support level at $1,777.83 in the coming 24-48 hours. A confirmation of this bearish thesis will be if the altcoin’s price drops below the 50-day EMA line again.

On the other hand, if ETH’s price is able to close a daily candle above the 20-day EMA line in the following 48 hours, then it may look to retest the resistance level at $1,900 in the next few days. Investors and traders will want to monitor the 9-day and 20-day EMA lines, however, as the two technical indicators were looking to cross.

Should the 9-day EMA line cross below the 20-day EMA line, it will signal that ETH has entered into a short-term bearish cycle. This will, therefore, invalidate the bullish thesis and the crypto may drop to the aforementioned $1,777.83 mark.

✅Conference Call

Hello to everyone! We are glad to inform you that on 07/08/23 in Almaty (Kazakhstan) a GU Conference will be held with the participation of the company's CEO - Denis Milanovskiy.

We invite everyone to take part, we are looking forward for you in the Conference Hall of the Grand Tien Shan Hotel.

Conference starts at 12:00 GMT+6 (Kazakhstan)

Start changing your life with Gold-Unicorn and be boss of your own life today

✅I advise everyone to visit their Zoom conference

I'm sure it will be interesting! The main thing is to calculate what time it will be in your time zone!

Soon there will be an announcement of another conference that is planned, but more on that later, I think closer to the weekend or next week!

Link: https://us06web.zoom.us/j/8658724922?pwd=cFRkZVpBbjJlMmpBTDcyQmhFN0dhQT09#success

✅Bitcoin analysis agrees BTC price may stall at $35K

Bitcoin homes in on post-FTX rally peak

With BTC price stagnating around $30,000, concerns are mounting that the majority of its gains have already materialized.

The area between $35,000 and $40,000 is now particularly popular among market participants seeking to catch a local top, and QCP is one of them.

“Tactically (short-term), our favoured trade to play this is selling end-Sep 33k to 35k calls, and using the premiums to buy 30k puts,” it summarized about its plans for H2 trading.

QCP specifically highlighted incoming resistance for the moving average convergence/divergence (MACD) indicator — designed to measure price strength at given levels during a market trend — at $35,000.

“The top-side levels work well as any rally from here would be considered the ending 5th wave from the November FTX lows,” it continued.

“The 33-35k level is also where we see wedge resistance as well as MACD hitting 3-year triangle resistance.”

The update also referenced cooling macroeconomic environment potentially offering few volatility cues for markets.

The United States Federal Reserve remains hawkish, and officials have maintained that further interest rate hikes will come this year despite inflation showing a consistent downtrend.

“On the macro side, the Fed looks locked into another hike this month (although this is largely priced by markets), and inflation appears likely to stagnate around 3-4% until year-end, with positive base effects from the oil price decline ending this quarter, and high frequency rent prices turning back up,” it explained.

“This means that while falling inflation has been getting the market excited, for the Fed with their 2% inflation target blinkers on - its close but probably still not enough for rate cuts.”

When it comes to the principal catalyst for BTC price strength over the past month — the potential U.S. approval of the first Bitcoin spot-based exchange-traded fund (ETF) — there is likewise no imminent decision due, QCP added.

$30 million Binance ask sparks concerns

Elsewhere, traders on the day continually raised the possibility of a fresh BTC price correction.

William Clemente, co-founder of Reflexivity Research, revealed data showing that futures traders were far from universally bullish on Bitcoin.

Keith Alan, co-founder of monitoring resource Material Indicators, meanwhile said that he was "expecting a pullback" as a new block of resistance appeared on the Binance order book at $36,000.

"Not sure bulls will make it to $36k, but don't think this rally is over yet. I could be wrong. Watching charts for clues," part of commentary stated alongside a chart showing the $30 million ask wall.

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✅Ladies and Gentlemen! The man said, the man did

Next month will start with the achieved goal that I set for myself this month, remember? Now I put a new one in front of me. I am very glad to every person, my partners and friends who heard me and did not miss the opportunity to improve their lives. This is just the beginning and imagine what awaits us ahead, I want to show by my own example that nothing is impossible and everything depends on our desire and our actions!

Let me tell you a little technical point. The screenshot shows that this lady has many partners in the first line. Since she has not met the conditions of the affiliate program, she will not receive bonuses from 4 or more deep lines. Therefore, she adjusts her main active people for herself. The picture is very beautiful and to be honest, I myself did not expect such visits from her. This speaks of people's trust in the company and the new level of my team's contingent. I am grateful to meet new people that this business has brought me. Leave the past behind and move forward with a clear head

Summing up, I want to wish good luck to everyone in this adventure. Open your eyes, do not be lazy, step forward, everything is possible, everything is before our eyes, remember my recent post about the companies that I bypassed and thanks to this I saved my finances and the finances of my partners and got to this number. Increase deposits, invite people, develop yourself, be kind to the world and you will be rewarded! Thank you for your attention!

✅Mastercard Working On Ethereum-Based Multi-token Network

Diving Deeper into Blockchain Technology

In the quest to foster innovation in the financial technology space, Mastercard is poised to launch the beta version of its Mastercard Multi Token Network (MTN) in the UK in the coming months. The venture is being touted as an "app store powered by blockchain technologies for building regulated financial applications."

Raj Dhamodharan, Mastercard's Executive Vice President and Head of Crypto and Blockchain, emphasized the value of the underlying technology that powers crypto, stating that it is "actually quite useful."

Developers leveraging MTN will gain access to a myriad of tools that the company has been developing, one of which includes a private Ethereum-based blockchain, specifically crafted for the creation of novel applications. Mastercard's deep-seated commitment to the digital asset sector is further affirmed by products such as 'Crypto Secure,' 'Crypto Source,' and 'Crypto Credential.' These are geared towards enhancing transparency and trust in the digital asset space.

Developers working on the beta version will also be able to experiment with tokenized commercial bank deposits and blockchain data that provides real-time insights into a person's bank account balance.

Mastercard's Vision for the Future of Payments

Mastercard's vision for the MTN is to "provide a set of foundational capabilities designed to make transactions within the digital asset and blockchain ecosystems secure, scalable and interoperable — ultimately enabling more efficient payment and commerce applications."

The company's official announcement highlighted the importance of trust in the new digital ecosystem, stating,

"To realize the potential of blockchain and digital assets as critical infrastructure for storing and moving value, we’re launching the Mastercard Multi-Token Network."

Mastercard equates the current trajectory of digital asset and blockchain technologies to the internet's growth arc, predicting a similar transformational impact on the global economy.

"We believe that digital asset and blockchain technologies today are on a similar trajectory, one day becoming critical infrastructure for storing and moving value."

Mastercard's venture into the blockchain app store space represents a major shift towards the adoption of crypto technology in the financial industry, showcasing the company's steadfast commitment to promoting a wider range of secure, accessible, and always-on payment solutions.

The launch of the MTN, which the company describes as one of their most ambitious projects to date, is a crucial step towards fulfilling their vision for the future of payments. Mastercard anticipates making the MTN available to more markets around the world in due course, fostering an environment where the wider digital asset industry can thrive.