Recent market turbulence has compelled investors to bag safer opportunities that can provide explosive gains in the bull run. DTX Exchange becomes the best opportunity for explosive returns due to its remarkable presale performance and the hybrid trading feature.
Litecoin (LTC) and Avalanche (AVAX) investors focus on the emerging platform as their respective tokens face market turbulence. Avalanche (AVAX) faces price rejection while Litecoin (LTC) struggles to gain momentum. Therefore, the investors are drawn towards the emerging platform offering bigger gains.
Avalanche (AVAX) Presents A Bullish Reversal Pattern
Top altcoins in the bull market experience a pullback phase from a bearish wedge pattern. Avalanche (AVAX) becomes one of such presenting a bullish reversal pattern. Despite the correction spree causing a surge in demand, Avalanche (AVAX) fails to turn bullish.
AVAX token faces price rejection as it fails to sustain the high at $28.87. The failure results results in Avalanche (AVAX) further reaching down to $27.56.The downward jump of 2.34% is seen as a drawback giving a bearish outlook for the AVAX price.
During the 27% drop in 14 days, the bearish influence over the AVAX price trend led to the 50D EMA crossing under the 200D EMA. This marks a death cross in the daily chart, signaling a bear rush at play.
The daily RSI line shows a bullish divergence as it reverses from the oversold zone. With the bounce back, the momentum indicator reveals an increment in buying pressure. Investors shift focus to DTX Exchange amid these circumstances.
Litecoin (LTC) Continues Bearish Outlook With A 12% Price Drop
Litecoin (LTC) is considered a sleeping giant awaiting a bullish signal to explode to a new all-time high (ATH) by some market analysts. Others suggest that the altcoin is a zombie that will continue to underperform in the ongoing bull cycle.
The coin fails to show gains in this bull run. Litecoin (LTC) price continues consolidation in a macro triangular pattern and is currently hovering around the apex. However, LTC price against the US dollar could continue in a midterm bearish outlook before the bulls take control.
From a technical standpoint, the LTC price could bleed further toward $63, if the current support level fails to hold. Moreover, the LTC price has dropped over 12% in the past two weeks to trade around $73 on Wednesday, June 19, 2024.
The Litecoin network has lagged in the ongoing crypto bull cycle due to its lack of supporting smart contracts. While other layer one blockchain are working on web3 scalability and interoperability, the Litecoin network is still focused on the basics of payments and sheer crypto speculations.
DTX Exchange Becomes A Haven For Investors
DTX Exchange is a trading platform that provides access to cryptocurrencies, stocks, bonds, forex, and commodities. The layer-1 blockchain trading platform is designed to cater to the diverse needs of modern traders. It offers a hybrid trading feature that combines features from centralized and decentralized exchanges.
The platform gains the attention of Avalanche (AVAX) and Litecoin (LTC) investors as its presale soars above $700,000 in the second round. DTX token is priced at $0.04 in the second stage of its presale. Analysts recommend grabbing the opportunity before the price surges.
A recent VulcanX update in DTX eliminates gas fees, facilitating the investors. The platform has expanded in the blockchain arena with the announcement of layer 1 blockchain. Moreover, DTX is announcing a giveaway for the holders, thereby attracting more investors to the platform.
Key Takeaways
As Avalanche (AVAX) and Litecoin (LTC) struggle with their market performance, investors shifted focus to DTX Exchange due to its explosive potential.
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This article is not intended as financial advice. Educational purposes only.
