Recently, the prices of popular cryptocurrencies Litecoin and Shiba Inu have shown negative trends, raising concerns among traders while attention shifts toward new projects like Web3 ai.
Litecoin Price Movement Signals Weakness
Recent price movements of Litecoin (LTC) have raised concern, showing signs of fading bullish momentum. The RSI has dropped to 35.92, significantly down from 61.4 just a day earlier. Litecoin is trading below key support at $83.11. Should this level break, the next support level to watch is $81.30. However, if momentum shifts and LTC reclaims $89.31, a short-term rebound may occur.
Shiba Inu Price Drop and Bearish Sentiment
The price of Shiba Inu (SHIB) dropped 10% over the last week, now trading at $0.00001164 and hitting a two-month low. The long-short ratio in perpetual futures has fallen to 0.9298, indicating an increasing number of traders betting against SHIB. Since June 12, over $1.8 million in long positions has been liquidated, while short liquidations remained under $500,000.
How Web3 ai Helps Traders Find Opportunities
The Web3 ai project provides traders with tools that optimize their trading. For example, its DeFi Yield Farming Advisor highlights the areas with the highest earning potential. Web3 ai also includes a Scam Detector that checks smart contracts and past transactions, as well as sentiment tracking, enabling users to stay informed without constant chart monitoring.
The cryptocurrency market remains volatile, particularly for Litecoin and Shiba Inu. Traders may want to consider emerging projects like Web3 ai that might offer additional pathways for successful trading.
