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The Litecoin Mascot value plunged 17% within the final 24 hours to commerce at $0.02902 as of 04:07 a.m. EST on buying and selling quantity that plummeted 55% to $61.7 million.
This comes as Litecoin revealed in a prolonged X put up that it had no affiliation with the lately launched meme coin, Lester, on Solana’s Pump.enjoyable.
It has been virtually per week because the Litecoin deal with posted the now usually used phrase “As a consequence of present market circumstances I now determine as a memecoin.”
It was a lighthearted jab on the crypto market’s present state of affairs, and a self-deprecating acknowledgement that though…— Litecoin (@litecoin) November 19, 2024
Litecoin Mascot Value Goals For A Bullish Development Reversal
The LESTER/USD chart reveals a descending wedge sample, which is often a bullish reversal sample if the Litecoin Mascot value breaks upward. The narrowing construction suggests lowering volatility and strain, resulting in a possible breakout over the higher boundary of the wedge round $0.050, in accordance with GeckoTerminal knowledge.
The worth of Litecoin Mascot now trades beneath the 50 Easy Shifting Common (SMA) on the 1-hour chart, coinciding with the latest downtrend inside the wedge.
The Relative Energy Index (RSI) is at 44.48, which is within the impartial zone however trending towards the oversold area (lower than 30). This implies that promoting strain has been vital however not excessive. Earlier dips to oversold ranges coincided with slight upward actions in value, hinting on the potential for a rebound.
The Shifting Common Convergence Divergence (MACD) line (blue) is barely above the sign line (orange), suggesting delicate bullish momentum is beginning to kind.
If the bullish momentum picks up at this degree, the worth of Litecoin Mascot might surge, because the bulls goal $0.13.
Nevertheless, if the downtrend continues, the LESTER value would possibly proceed with its correction, with $0.010 appearing as the following doable assist zone.
Because the Litecoin Mascot value goals for a bullish pattern reversal, different traders are shopping for Crypto All-Stars (STARS) as ClayBro, a outstanding crypto analyst on YouTube with over 130K subscribers, says STARS has the potential to soar 10X after its launch.
Crypto All-Stars Raises Over $4.8 Million – Greatest Crypto To Purchase?
Crypto All-Stars, a brand new meme coin staking protocol, has surged previous $4.8 million in funding, making it one of many greatest ICOs of the autumn. Impressively, over $1 million was raised in simply the previous week.
The challenge brings fashionable meme cash collectively by its revolutionary MemeVault providing and native STARS token. With multi-token and multi-chain staking capabilities, it permits customers worldwide to earn excessive APYs throughout a variety of meme coin holdings.
What Is Crypto All-Stars?
Crypto All-Stars is about to revolutionize the meme coin sector with its revolutionary ‘Meme Vault’ platform. 💥
That is extra than simply one other meme coin – it is a completely new technique to work together with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
By integrating a variety of meme cash, MemeVault addresses the fragmentation within the meme coin ecosystem, whereas simplifying the staking course of and rising liquidity.
At present, Crypto All-Stars helps 11 meme cash—Dogecoin, Shiba Inu, Pepe, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk—with plans so as to add extra within the coming months.
It’s also possible to earn passively by the challenge’s native staking mechanism, which presents a surprising 376% annual share yield (APY).
You should purchase STARS tokens now for $0.0015933. The worth will enhance in lower than 2 days, so act quick to lock in the most effective deal.
Buy STARS from its official web site right here utilizing BNB, USDT, or a financial institution card.
Associated Information:
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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