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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

Uniswap Battles Resistance At $10, Analysts Give Bullish Forecasts for LTC and INTL

Bitcoinist
by Bitcoinist
Last Updated: November 20, 2024 10:00 am
·
Posted in Altcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market has seen massive growth in the past few weeks thanks to the “Trump Pump.” November turned out to be the “Uptober” the community was looking forward to. However, Uniswap’s (UNI) upward movement came to a halt after failing to cross the $10 mark.

The cryptocurrency must surpass this level to continue its uptrend. Meanwhile, analysts have given bullish forecasts for Litecoin (LTC) and IntelMarkets (INTL), given the growing momentum around them.

Uniswap (UNI): Analysts Predict Rise To $12-$13

The DeFi market has enjoyed a lot of bullish price actions in the past few weeks after the recent upsurge. Uniswap (UNI) is one of the top crypto coins that joined the rally late but has risen from a monthly low of $6.6 to trade above $9.

Uniswap’s price skyrocketed to the $10 region on November 12, per CoinMarketCap’s data. Unfortunately, the Uniswap crypto met resistance at this level and plunged to $8 before rising to the $9 level.

Nevertheless, analysts believe UNI could pull a rebound in the coming days. The Hull Moving Average (9) is a buy signal that supports this potential uptrend. With the positive sentiment around the Uniswap token, Rafaela Rigo forecasts that a price surge to $13.68 could occur in the coming days.

Scgtxn is also bullish about the DeFi cryptocurrency but on a longer scale. According to his analysis, Uniswap (UNI) has broken out of a descending trendline, with $9-$10.5 being a critical zone. They forecast the value of the Uniswap coin could pump to $28 because of the large supply liquidity in that region.

Litecoin (LTC) Could Reach $100 As Number of Transactions Cross 84M

Litecoin (LTC) almost hit the $100 mark on November 16. The token soared to a peak of $96 before dropping below the $90 level. However, the bulls did not give up. Litecoin price pumped towards $100 on November 18 but lost momentum after reaching $93, per CoinMarketCap data.

This level is an important barrier the LTC altcoin price must cross in the coming weeks. Santolita expects LTC may rally to $140 in the coming weeks based on the buy signal from the VWMA (10). Another expert, Crypto Maverick, believes that the Litecoin crypto could repeat its bullish performance from 2017.

The value of the coin had risen from $98 to $360 in five days. Meanwhile, the Litecoin network has reached a new milestone. It has completed over 84 million transactions this year. This is 17 million higher than that of 2023.

IntelMarkets’ (INTL) Potential Attracts Huge Investment From Top Giants

IntelMarkets (INTL) is attracting the interest of the crypto world, having attracted $550,000 from Fortune 500 companies and partnering with a sovereign wealth fund. In total, IntelMarkets has raised over $2.4 million, while the INTL coin has increased by more than 500% to reach a price of $0.054909.

This strong financial background shows that IntelMarkets has the potential to become a top player in the world of crypto trading. It is also the reason why they believe the INTL coin can skyrocket by up to 10x before the year ends. Also, IntelMarkets has a strong team, which includes members with backgrounds from MIT, Renaissance Technologies, and OpenAI.

Serving as a next-generation platform, it leverages a Layer 1 blockchain that guarantees the highest speed, security, and sustainability in the constantly growing DeFi space. IntelMarkets is building the first AI-based platform that will offer enterprise-grade trading tools. The platform is trying to make AI cutting-edge technology and blockchain solutions easily available to everyone.

IntelMarkets will have AI trading bots. These bots can place trades with high accuracy and manage them depending on the market and the specific user’s goals or trading style. For retail and institutional clients, these bots simplify trading by automating processes and, at the same time, increasing chances for profits.

In Summary

The next few weeks are very important for Uniswap (UNI) and Litecoin (LTC). Both coins will attempt to cross the resistances at the $10 and $90 levels, respectively. Meanwhile, IntelMarkets’ potential 11x surge makes it a good cryptocurrency to buy now.

Discover More About IntelMarkets:
Presale: https://intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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