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Litecoin (LTC) and FTX (FTT) show signs of recovery from all-time lows. The common denominator behind both cryptocurrencies is that the investor sentiment has shifted. Meanwhile, Orbeon Protocol (ORBN) has surpassed 100% of its initial value in its first presale phase.
Litecoin (LTC) is one of the oldest cryptocurrencies, founded in 2011. Litecoin was adapted from Bitcoin's open-source code but with some modifications. Litecoin is therefore based on an open-source global payment network that is not under the control of any central authority. Litecoin differs from Bitcoin in such aspects as the faster block generation rate and the use of Scrypt as a proof of work scheme.
Litecoin continues to rise and consolidate positive momentum. Litecoin broke through a key resistance point and has since soared over the past day. The technical outlook for Litecoin looks bullish right now. The demand for Litecoin has surged as people are looking to invest in cryptocurrency. Litecoin has held its value at $53 for a while now and has shown strong support at that level.
At the current market price of LTC, it appears as though Litecoin needs help to move past a key price point. If the bulls can't keep the price up at the current price, a fall through the $53 support line will bring the bears back on the chart. Litecoin is trading at an 88% discount from the all-time high that it secured in May 2021.
FTT is a token used on the FTX, an international crypto derivatives exchange. FTT prices followed broader market signals, rising significantly over the past ten days. But beyond the bullish cues, the development noted by the FTX exchange itself also contributed to this price rise.
While the FTT price may not have established a new all-time high, recent rallies pushed it past a crucial resistance level. FTT broke a downtrend line established after falling from FTT's all-time high of $79 this week. The 16% increase in FTT's market value made it possible for the first time in 14 months.
Orbeon Protocol (ORBN) is a groundbreaking new decentralized investment platform that allows people to invest fractionally in promising startups. Now, businesses can raise money by selling fractionalized NFTs on the Orbeon (ORBN) exchange for as low as $1. This makes it easy for companies to form an engaging community and build a strong foundation for future growth, as investors can purchase these NFTs as a form of equity in the company, thereby functioning as an investment.
This is a more secure and accessible alternative to traditional venture capital, as Orbeon features a "Fill or Kill" mechanism for NFTs as a method to protect its clients. If a company fails to reach its funding goal within the agreed timeframe, the NFTs will automatically return the money back to the investors.
Currently, Orbeon Protocol is in its presale phase, where around 40% of the 888 million ORBN tokens are available. The project's final phase is scheduled for December 26 to January 14, 2023. ORBN is seeing a lot of consumer interest right now due to the bonuses it provides holders, such as staking bonuses and governance rights, so the current presale price of $0.004 is likely to jump to $0.24 soon.
Website: https://orbeonprotocol.com/
Telegram: https://t.me/OrbeonProtocol
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
