Litecoin

Bitcoin

Shiba Inu

<a href="https://bitcoinworld.co.in/crypto-market-update-shib-pepe-and-litecoin/" title="Crypto Market Update: SHIB, PEPE, and Litecoin" rel="noopener noreferrer nofollow"></a> 
SHIB (Shiba Inu): 
<ul> 
 <li style="font-weight: 400">Shiba Inu is perilously close to a major resistance level of $0.00000804. This point has historically served as both support and resistance.</li> 
 <li style="font-weight: 400">Breaking this level with significant volume might trigger a bullish wave, driving more buying. If SHIB does this, attention will be drawn to recent high peaks.</li> 
 <li style="font-weight: 400">If this level is rejected, SHIB may fall to new lows, indicating bearish momentum.</li> 
 <li style="font-weight: 400">Without a definite move, SHIB may consolidate around this price point, leaving the market in suspense.</li> 
</ul> 
PEPE: 
&nbsp; 
<ul> 
 <li style="font-weight: 400">PEPE is now dealing with market trust concerns. A massive 16 trillion token shift from the multisig address, combined with a probable sell-off on a controlled exchange, has sent the token price down to $0.000000874, a 7% drop.</li> 
 <li style="font-weight: 400">This action, and the subsequent market reaction, have raised concerns about PEPE’s near-term direction.</li> 
</ul> 
LTC (Litecoin): 
<ul> 
 <li style="font-weight: 400">Litecoin, frequently referred to as the silver to Bitcoin’s gold, has recently been on a rollercoaster ride.</li> 
 <li style="font-weight: 400">It began on July 17 at $92.78, to a monthly high of $94.57 on July 30, then fell to a depressing $74.30 on Aug. 16.</li> 
 <li style="font-weight: 400">Litecoin’s halving events, in which mining rewards are halved, have historically acted as a price increase. However, the fallout from the recent halving was less than ideal. While there was initial euphoria, it quickly faded as prices fell, presumably indicating waning interest in LTC.</li> 
</ul> 
The sharp decrease on Aug. 16, along with Litecoin’s inability to maintain post-halving highs, portrays a bleak picture for the cryptocurrency. There are concerns about its future recovery. 
To summarize, the Bitcoin market is as volatile as ever. While certain coins, such as SHIB, are on the verge of a breakthrough, others, such as PEPE, are facing credibility issues. Veteran coins, such as Litecoin, are battling to retain their history, raising concerns about their long-term survival. As always, investors and traders are recommended to do their homework and proceed with caution. 
&nbsp; 
The post <a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in/crypto-market-update-shib-pepe-and-litecoin/">Crypto Market Update: SHIB, PEPE, and Litecoin</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Crypto Market Update: SHIB, PEPE, and Litecoin

ItsBitcoinWorld

Other articles published on Aug 26, 2023

Add LP Tokens on Golden Ball Liquidity Pool and earn 5% Fee on each Tx

XRP Bulls vs Bears Clash Heats Up Amidst Volatility

HashKey Gears Up to Offer Trading Service to Retail Traders

Terra Luna Classic Revotes On USTC Repeg Team's Proposal

Laos Halts Power to Crypto Mining Businesses

Bitcoin's Price Trajectory Indicated Uncertainty Amidst Bull Market Support Shift

Join our free newsletter for daily crypto updates!