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Cryptocurrency: Litecoin Under Pressure, Solana Aiming for Breakthrough

Cryptocurrency: Litecoin Under Pressure, Solana Aiming for Breakthrough

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by Giorgi Kostiuk

a day ago


Currently, Litecoin and Solana are experiencing pressure in the crypto market, while new projects like Unstaked are catching investor interest.

Litecoin Under Pressure

Litecoin (LTC) remains under bearish pressure, hovering near the support level at $94. Following a 6.1% drop earlier this month, LTC has shown no clear signs of recovery. Current fluctuations are within the range of $95.22 to $94.40, with resistance at $96.74. Analysts warn that a drop below $94 could lead to a decline towards $74.91, while a bounce might target the $100 mark.

Solana Aiming for Breakthrough

Solana (SOL) has shown positive signs, moving up to about $171 with a 3.2% daily gain. However, SOL is struggling to break above the $175 resistance level. Currently, the asset trades in a narrow band between $164 and $172. Experts point to $160 as strong support. If the price drops below this level, a fall to $148 is possible, while a breakout above $175 could see it climb to $183 or more.

Focus on Unstaked

Unstaked, a new project in the cryptocurrency space, is gaining attention amid the limited activity of other cryptocurrencies like Litecoin and Solana. The current price of $UNSD remains below $0.01, as key tools and functionalities are still under development. The planned launch suggests that the token will play a crucial role in the platform's operations. For now, Unstaked offers interesting opportunities for investors anticipating a market entry.

Litecoin and Solana continue to face pressure, while new projects like Unstaked draw investors with their potential. Recent price fluctuations highlight the volatility of the crypto market and its opportunities.

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