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Many analysts have studied both Litecoin and Cardano price movements, identifying some degree of volatility and the potential for a rally in the near term, investors are still looking for alternatives to diversify their portfolios. According to the sponsored content poster, Raffle Coin may allegedly enter the scene with decentralized raffle giveaways as it aims to change the sweepstakes industry for the better. The future is uncertain, there is risk.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Raffle Coin, whose future is uncertain according to the content creator, allegedly continues to generate interest among Litecoin and Cardano investors.
Litecoin Price Analysis
Litecoin’s price relative to the US dollar has fluctuated over the last few sessions. Earlier, Litecoin started a fresh decline after failing to break above the $106 resistance zone. There was movement below the $92 and $82 support levels. The critical support at $70.00 was finally defended by the bulls. The price is currently making another attempt to rise after falling as low as $70.83. Above $80, Litecoin price started a recovery wave.
It also broke the downside move from the $106.00 high to the 23.6% Fib retracement level at $70.80. The 50% Fib retracement level of the decline from the $106.00 to $70.80 low or $88.50 is where Litecoin price is facing upside resistance. Moreover, a key ascending channel has formed with resistance near $88.50 on the 4-hours chart of the LTC/USD pair.
Cardano Price Analysis
With only 35% of its holders in the green, Cardano remains a mystery, leaving investors wondering whether this is an opportunity or a warning sign, even though the recent bull market in the cryptocurrency industry has produced huge profits for investors in numerous crypto assets. In addition, Cardano’s value has declined on both daily and monthly charts, dropping 27.42% in the last 30 days.
Meanwhile, this kind of price movement is a big deal, given that Cardano previously showed a critically low Market Cap to Realized Value (MVRV) ratio, which cryptocurrency expert Ali Matinez considered a positive indicator for an “impressive recovery.” It may create a chance for investors who want to expand their portfolios. All things considered, if the well-known cryptocurrency trading expert is right, Cardano may be poised for further declines or may be about to rise.
Can Raffle Coin Succeed?
Raffle Coin, whose future is uncertain according to the sponsored content poster, may allegedly offer a decentralized platform where users can easily sign up and participate in various sweepstakes to win exciting prizes. From Luxury Travel, Fine Dining and Special Events to Designer Products, High-Tech Gadgets and Luxury Cars, users have a wide variety of rewards to choose from. With instant, daily, weekly and monthly draws at their fingertips, participants can grab big winning opportunities with just the click of a button. It is uncertain whether it will be successful, there is a risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
According to the content sender, the pre-sale for Raffle Coin is currently in Phase One, and the tokens are claimed to be sold at a price of $0.02. Its future is uncertain, there is risk.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Click to view the Raffle Coin token from its official website.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and carry the risk of investment loss. Do your detailed research before making any transaction.
