The cryptocurrency space is witnessing notable changes. Litecoin (LTC) price has decreased, while Mantra (OM) has seen a 10.21% increase. BlockDAG (BDAG) has unveiled its plans to launch over 1,000 decentralized applications by 2026.
Litecoin Price Falls and Tests Support Levels
The price of Litecoin recently dropped to $65, coinciding with a broader decline in the crypto market. This value is near the bottom of a long-term rising channel, marking a key support level. In previous years, LTC has often faced resistance at the 200-week exponential moving average (EMA). Currently, LTC is trading within a bullish wedge, indicating a potential rebound.
Technical Analysis Shows Strength for Mantra
Despite the wider market struggles, the technical analysis of Mantra (OM) shows a 10.21% price increase after hitting a daily low of $5.71. The price is moving towards the upper boundary of $7.11 within its triangular chart pattern. Indicators reveal that the 50-day EMA acts as resistance, while the 200-day EMA offers key support.
BlockDAG Shares Web3 Ambitions in Keynote 3
BlockDAG is aiming for a strong role in Web3, as shared by Chief Technology Officer Jeremy Harkness. The project plans to support over 1,000 dApps by 2026. The roadmap encompasses various sectors like finance, healthcare, and gaming, applying decentralized technology in practical ways. BlockDAG employs a hybrid consensus method for achieving scalability and speed.
The price of Litecoin has seen recent declines, yet it remains a significant player in the crypto space. Meanwhile, Mantra shows stability amidst market fluctuations, while BlockDAG stands out with a clear vision for the future of Web3.
