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Litecoin bulls are gaining momentum, with the cryptocurrency seeing a surge as traders anticipate further gains. Meanwhile, DTX Exchange’s upcoming DEX Wallet is making waves, drawing attention from Uniswap (UNI) traders seeking better security and lower fees.
With Uniswap facing increased competition, the shift in trader preference highlights DTX’s potential to disrupt the decentralised exchange market.
Summary
Litecoin (LTC) Price Poised for Bullish Breakout After Consolidation: Key Resistance Levels in Sight
The price of Litecoin (LTC) seems to lie on the brink of declining triangle consolidation. The latest rejection from the resistance is about to be followed by a strong rebound as the technicals for the token notably stirred in favour. The Litecoin price has reached the lower bands of Bollinger, which have been running in parallel to the upper bands.
This implies lower volatility which is in turn susceptible to a squeeze. Additionally, MACD is still comfortably into the negative territory poised for a bull-shish breakout.
After a short consolidation, the price of Litecoin (LTC) seems ready to break out of the consolidation (or falling) wedge, hopefully to form a resistance zone between $66-67. However, as the last leg of the 4th quarter begins, market dynamics will likely change and may take the price beyond $75.
Uniswap (UNI) Gains 8% in a Week, Showing Strong Potential for Another Breakout
The Uniswap token has been in a bull trend – the price of Uniswap starting last week at $6.43 and ending this week at its current price. Although we’ve seen a market-wide crash of around 3% in the past day, Uniswap has been on a smooth ride, bucking the trend of the bearish market.
After reaching an all-time high of $44.92 in May of last year, 2021, the price of Uniswap (UNI) experienced several corrections, but it seems to be preparing for a new breakout. If Uniswap (UNI) maintains this level of support, it could be headed for more gains.
Therefore, Uniswap (UNI) still represents a good investment for anyone looking to trade on the future growth of decentralised exchanges.
DTX Exchange’s DEX Wallet Steals Uniswap Traders’ Attention
With the upcoming launch of its DEX wallet, DTX Exchange has increased loyalty incentive programs and advanced trading features to tease Uniswap traders as well as investors from other platforms. Regular traders and active community participants are rewarded with DTX Tokens, fostering client loyalty and encouraging continued engagement on the platform.
In addition, DTX Token holders can participate in staking and governance: the process by which users can stake their tokens to obtain voting power, through which they can collectively decide on key elements of the exchange roadmap including upgrades and new additions to the platform. The effect is that DTX Token users feel that they’re owners of the exchange that they use.
Moreover, the DTX Exchange will introduce tokenized assets, representing real-world commodities and financial instruments, adding further value for traders. With over $2 million raised in its presale and tokens priced at $0.06, DTX is emerging as a strong competitor in the decentralised exchange space.
Key Takeaways: Litecoin (LTC) surges as bulls gain control, while DTX Exchange’s upcoming DEX attracts Uniswap traders with loyalty rewards, staking, and tokenized assets, raising over $2 million in presale.
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