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The cryptocurrency market is stabilizing, while Litecoin is stagnating and the meme coin Thug Life is about to launch. The impact of the Litecoin halving falls short of expectations, while Thug Life is already enjoying great success before trading begins.
The crypto market has now recovered after a turbulent period. Most cryptocurrencies did not see any significant changes after the Ripple ruling initially caused prices to rise, but this was almost completely wiped out by profit-taking. An exception is XRP, which has seen an increase of around 55% in the last week. For Litecoin (LTC), on the other hand, the development looks less encouraging, as the value has fallen by around 4% in the last seven days. As Litecoin investors prepare for the upcoming halving, the rally appears to be canceled for now. In contrast, the…
The cryptocurrency market is stabilizing, while Litecoin is stagnating and the meme coin Thug Life is about to launch. The impact of the Litecoin halving falls short of expectations, while Thug Life is already enjoying great success before trading begins.
The crypto market has now recovered after a turbulent period. Most cryptocurrencies did not see any significant changes after the Ripple ruling initially caused prices to rise, but this was almost completely wiped out by profit-taking. An exception is XRP, which has seen an increase of around 55% in the last week. For Litecoin (LTC), on the other hand, the development looks less encouraging, as the value has fallen by around 4% in the last seven days.
As Litecoin investors prepare for the upcoming halving, the rally appears to be canceled for now. In contrast, things look completely different with the meme coin Thug Life (THUG). The pre-sale has ended and demand significantly exceeds supply. This gives hope for a successful start on decentralized exchanges. The cheap valuation and timeless concept could help THUG skyrocket.
The Litecoin price trend over the last seven days shows a loss of about 3%, while there is no change in the last 24 hours. The Litecoin price is currently around 75% below its record high in May 2021. It therefore seems unlikely that the halving will lead to a new price rally that reaches an all-time high. The support zone between $90 and $92 currently limits the price level downwards. As long as Litecoin can hold this zone, the starting position remains promising.
A look at the weekly chart shows that Litecoin is at an important resistance level. However, the last weekly candle formed a doji, indicating indecision in the market and suggesting a lack of price fluctuations.
The importance of halvings for the Litecoin price decreases with each subsequent halving. Market participants have already gotten used to the mining reward halving and the supply of Litecoin is already limited. Therefore, the demand for Litecoin is no longer increasing as much. Although block rewards continue to decline by 50%, the impact is less compared to the already circulating supply.
The Thug Life Presale was a huge success, raising over $2 million before it officially ended. The entire supply of 4.2 billion THUG tokens has been sold, resulting in a fully valued market cap of less than $3 million. The Thug Life Coin is one of the most exciting IDOs in July 2023 due to its attractive airdrop campaign, fair tokenomics and viral hype potential. If you don't want to miss the listing, you should keep an eye on the official Twitter channel.
For those who want to invest in a crypto presale but don't want to be dependent on the start of trading, it is also worth taking a look at the Wall Street Memes Presale. This has so far raised $15 million and has fair tokenomics and a community with over a million followers.
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