Solana (SOL) Slumps as Litecoin (LTC) Surges Amidst Pre-Halving Hype

Solana (SOL) slumped recently as the coin reached below the $155 mark. The current session shows Solana (SOL) is trading at $152 level. While Solana (SOL) nosedives, other altcoins surge!

Solana (SOL) price slipped recently as the coin reached below the $155 mark. At the moment, Solana (SOL) is trading at the $152 level. While Solana (SOL) nosedives, other altcoins, such as DTX Exchange and Litecoin (LTC), surged!

DTX Exchange (DTX) Surges Unparalleled, Giving Competition to Litecoin (LTC) With Its $5.1 Million Presale RaiseDTX Exchange (DTX) has garnered immense attention from cryptocurrency enthusiasts due to its unique offerings. Combining the advantages of both centralized (CEX) and decentralized (DEX) platforms, DTX has evolved into a comprehensive trading hub. Its institutional-grade CEX integrates DEX features, offering users the best of both worlds.

DTX Exchange (DTX) is a highly demanded asset in the market due to its fundamental expansion and market necessity. Its presale began on September 1st and has already seen a phenomenal response, with $5.1 million raised so far. At the time of writing, DTX is available for purchase at $0.08 and is expected to continue rising until it reaches $0.12 during the final stage of the sale.

DTX Exchange (DTX) is built on the cutting-edge Layer 1 blockchain technology, which makes it unique. It is based on the Ethereum blockchain and allows for 1,000x leverage and high-speed trading. Furthermore, DTX does not require KYC verification and provides non-custodial wallets and distributed liquidity pools.

Solana (SOL) Price Nosedives as Buyers Try to Keep It Above $150Solana’s (SOL) recent price decline began after buyers failed to push the price above $160. After breaking over the 50-day SMA on Friday and closing at $145, the coin showed a slight rise. Even though momentum slowed over the weekend, SOL stayed positive, rising 0.66% on Saturday and 0.91% on Sunday to cross the 20-day SMA and close at $147.

As markets rebounded on Monday, Solana (SOL) saw a notable surge, climbing about 7% to break above the 200-day SMA and $150 to close at $157. Volatility increased on Tuesday as buyers tried to push the price above $160. However, sellers gained control as buyers lost steam against fierce resistance, sending Solana (SOL) plunging to a day low of $150 before rising and settling at $154 following an almost 2% drop.

On Wednesday, buyers attempted to push to $160 once more but were unsuccessful as SOL showed a slight decline. Solana (SOL) dropped to a day low of $147 on Thursday as bearish sentiment intensified. However, it rebounded from this level, with the 20-day SMA acting as a dynamic support level and eventually settling at $150.

The current session sees Solana (SOL) up by almost 0.28% and trading at $152 as buyers plot another attempt to push above $160. Bulls have kept SOL above $150, indicating strong support at this level. If SOL can build momentum and make above $160, we could see a move to $180-$190 materialize. However, buyers must keep SOL above $150 for such a scenario to play out.

What’s Driving Litecoin’s (LTC) Price Surge? After months of relative quiet, Litecoin (LTC), the third-largest cryptocurrency using the proof-of-work (PoW) consensus, is showing signs of a bullish shift. With a market cap of around $6.2 billion and an average daily trading volume of $523 million, Litecoin has jumped more than 14% in the last two weeks, trading at $73.86 as of Friday, October 18, during the early Asian trading hours.

Several factors are pushing Litecoin’s recent growth. Earlier this week, Canary Capital filed the first spot Litecoin (LTC) ETF with the U.S. Securities and Exchange Commission (SEC). With the possibility of Donald Trump winning the 2024 election, there’s increasing speculation that SEC Chair Gary Gensler could be replaced, raising hopes that the spot LTC ETF might be approved next year.

Institutional support for Litecoin (LTC) has also been strong. Major players like Fidelity Crypto and Grayscale Investments have backed the asset, helping build its reputation and market value. According to market and on-chain research by Santiment, the ongoing Litecoin (LTC) price bullish breakout is majorly attributed to rising demand from both retail and institutional investors.

Specifically, Santiment noted that Litecoin’s on-chain transactions spiked to $3.97 billion on October 17, the highest since June

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