How Will Polygon (MATIC) And Litecoin (LTC) Prices Face New Capital Inflow In Crypto Market?

The cryptocurrency market is currently experiencing a rollercoaster, with Bitcoin’s recent dip and several other major goings-on. Notable coins, including Polygon (MATIC), Litecoin (LTC), and the emerging ScapesMania (MANIA) are each navigating through these turbulent times in different ways.

The news that Bitcoin could see significant capital inflow next year is sure to have an impact on the price of both Polygon (MATIC) and Litecoin (LTC), but it’s unclear to which extent. In today’s article, we are going to look at the current situation while assessing the potential impact of additional Bitcoin influx. Also, how does the latest super-gainer, ScapesMania, factor into the equation?

Summary

• ScapesMania (MANIA): Emerging in the cryptocurrency space, ScapesMania is attracting attention with its innovative revenue strategies and successful presale, positioning itself for potential growth.
• Polygon (MATIC): Despite high transaction volumes and token burning, Polygon (MATIC) faces a bearish market sentiment that could impact its short-term growth.
• Litecoin (LTC): Litecoin (LTC) shows market resilience with steady performance, despite a surge in transaction volumes and new user adoption, suggesting cautious optimism for its future.

ScapesMania: An Emerging Force in Crypto

Many crypto experts pick ScapesMania as the best new project of 2023 and beyond. It manages to separate itself from the competition by offering holders a multitude of revenue streams and high potential ROIs during presale.

Companies and individual crypto traders looking for fast potential gains should definitely look into ScapesMania’s proposition. Once the presale finishes, the price will soar, securing possible returns in the range of 400-500%. Right now, there’s an active discount of close to 85%, but it won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast.

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When dissecting the tokenomics and other features of ScapesMania, it becomes clear that it’s the best altcoin to hold now. The innovative gaming-related core idea, impressive presale numbers, $150,000 giveaway, undying social media hype, and other positive aspects can guarantee that ScapesMania will continue on its winning journey, so it makes sense to get involved as soon as possible.

Join Presale at a Discount on the Official Site

Polygon (MATIC): Adapting to Market Fluctuations

Recently, Polygon (MATIC) achieved a significant milestone, recording about 6.1 million transactions in a single day, with a major contribution from the Multichain inscription marketplace evm.ink. Despite this achievement, Polygon (MATIC) price experienced a 7% decline, signaling a potential reversal in its recent upward trend. The platform’s transaction surge, resulting in over 1 million Polygon (MATIC) tokens being burned, indicates robust network activity, yet the price movement seems disconnected from these developments.

Polygon (MATIC) price fluctuation is a critical focus, with its recent decline leading to the breach of the $0.884 support level. The price is hovering between $0.536 and $0.700, with the 10-day moving average at $0.861 and the 100-day at $0.600. Resistance levels are noted at $0.763 and $0.927, while support levels stand at $0.273 and $0.437.

Polygon (MATIC) future price movement appears to lean towards bearishness, as indicated by the receding green bars on the Moving Average Convergence Divergence (MACD). A potential drop below the $0.800 mark is on the horizon. However, market dynamics could shift, and regaining the $0.884 level might steer Polygon (MATIC) towards the $1.00 mark, depending on broader market trends.

Litecoin (LTC): Steady Amidst the Turbulence

Litecoin (LTC) has demonstrated a remarkable level of stability, noteworthy considering its recent record-breaking transaction volume. Surpassing over 1 million transactions in a single day, Litecoin (LTC) outperformed even Bitcoin in terms of daily transaction count. However, this surge in network activity did not correspond with significant price fluctuations, suggesting a unique market position for Litecoin (LTC). The majority of these transactions were of minimal value, predominantly involving new, first-time active addresses.

Litecoin (LTC) currently fluctuates within a price range of $61.55 to $74.52. The 10-day moving average stands at $72.78, and the 100-day moving average is at $67.08, reflecting a certain level of consistency in its pricing. The resistance levels are identified at $80.10 and $93.06, whereas the support levels are set at $41.21 and $54.17. This range suggests a consolidation pattern, with Litecoin (LTC) trading between $77 and $69.

The near future for Litecoin appears cautiously optimistic. The Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover, hinting at the possibility of a downward trend. If this trend materializes, Litecoin (LTC) might test the lower support level of $63. However, in a more favorable market scenario, Litecoin could challenge and possibly breach the $77 resistance level. Surpassing this threshold could propel Litecoin (LTC) towards the $80 mark.

Conclusion: Diverse Prospects in a Dynamic Market

The analysis of Polygon (MATIC), Litecoin (LTC), and ScapesMania (MANIA) presents a complex picture of the current crypto landscape. Each coin exhibits unique characteristics and faces distinct challenges and opportunities and each as the potential to be affected by the next major capital inflow.

ScapesMania, of course, presents the biggest and most impressive opportunities for growth and should probably be hailed as the next big thing. The projected growth, coupled with existing bonuses, is nothing short of amazing!

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• Source: https://thecryptobasic.com/2023/11/18/how-will-polygon-matic-and-litecoin-ltc-prices-face-new-capital-inflow-in-crypto-market/?utm_source=rss&utm_medium=rss&utm_campaign=how-will-polygon-matic-and-litecoin-ltc-prices-face-new-capital-inflow-in-crypto-market