As investors eagerly await a rally, the cryptocurrency market continues to show mixed signals. While Litecoin has lost its battle at the $70 resistance level, Shiba Inu is stuck in a sideways trading pattern. On the other hand, Everlodge has emerged as one of the top performers, attracting investors.
Litecoin’s struggle to break through the $70 resistance level has been ongoing since its drop below that mark in August. Despite rallying with the rest of the market and reaching $69, Litecoin has been unable to surpass this challenging level. As a result, the price of Litecoin has dropped to $64.52. However, there may be hope for LTC in October, as its 14-day Relative Strength Index (RSI) sits at 53.59, indicating a balanced market condition. Additionally, the Moving Average Convergence Divergence (MACD) hovers at $0.129, suggesting a potential buying opportunity. With its 10-day Exponential Moving Average (EMA) signaling a short-term uptrend, Litecoin’s price could increase from $64 to retest the $70 resistance level. However, if bears prevail, LTC could fall back to $60.
Similarly, Shiba Inu, SHIB, has been unable to break through a critical resistance at $0.00000800. This resistance has persisted for over five weeks, keeping SHIB trading sideways around the $0.00007300 range. Despite this, there are positive signs that could prompt Shiba Inu to attempt a break above $0.00000800. Shytoshi Kusama, the project’s lead developer, recently announced that Shiba Inu is working on artificial intelligence initiatives. When the AI-based project they are working on is launched, the price of Shiba Inu may increase. Cryptocurrency experts have predicted an optimistic fourth quarter for SHIB, with a projected rally to $0.00001250.
There are predictions that Everlodge will lead the next bull market due to its unique approach to real estate investment. The goal of Everlodge is to transform the traditional real estate market by integrating blockchain technology. Investing in real estate often presents challenges due to the high fixed costs involved. To address this issue, Everlodge will utilize a fractional ownership model. The platform will list properties from highly sought-after destinations worldwide and tokenize and fractionalize these properties using non-fungible tokens (NFTs). By allowing investors to purchase fractional shares of the NFTs, Everlodge will start selling properties for as little as $100. Essentially, Everlodge is preparing to launch a real estate market where users can invest in villas, hotels, and other properties as NFTs. With its unique model, Everlodge has been predicted to dominate the real estate industry. As a result, cryptocurrency analysts have forecasted a 25x increase in the value of its utility token, ELDG. This valuation would take the price of ELDG from $0.019 to $0.475 in the fourth quarter.