Litecoin Price Prediction – Don’t miss this revolutionary new Altcoin

Litecoin (LTC) has recently seen a record number of transactions and active wallet addresses due to record high BTC charges. Investors are turning to a unique new coin that is expected to gain 3500% and possibly 100x after listing on major exchanges. In this article, we take a look at this new project and explore why it’s going to be a potential game-changer for the industry.

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What is Litecoin (LTC)?

Litecoin (LTC) was split from the Bitcoin blockchain in 2011 and was initially designed to address Bitcoin’s shortcomings. It has established itself as a lovable currency and a peer-to-peer payment system.

Founded by former Google engineer Charlie Lee, Litecoin shares similar features to Bitcoin but has a different algorithm and aims to be the currency for everyday transactions by offering faster tps compared to Bitcoin (BTC).

Litecoin can be mined using ASIC miners in the same way as Bitcoin, and the recent all-time high in Litecoin transactions demonstrates the need of the market as Bitcoin costs rise amid the BRC-20 frenzy. Bitcoin fees have reached a two-year high due to the rising popularity of the BRC-20 token.

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Litecoin (LTC) Price Prediction

Bitcoin congestion has left market participants desperate for cheaper alternatives like Litecoin to transact on-chain. The popularity of BRC-20 tokens pushed Bitcoin transaction fees to their highest level since May 2021, and even Binance had to temporarily halt Bitcoin withdrawals. This is good news for the price of Litecoin, which has experienced a record number of transactions, with the number of active wallet addresses rising to an all-time high of 718,000.

LTC/USD is trading above the 100 simple moving average on the four-hour chart and is slowly approaching the $82 mark, where strong resistance and profit-taking are to be expected. If Litecoin price can surpass the immediate resistance near the USD 82 zone, the path of least resistance is up with not much in between until the next key level near USD 85.

If this resistance also breaks, the next levels are $90 and $92. The next major support is found at the $78 level, and if the bears take over, a move towards the $75 support is at lurking. The four-hour MACD is slowly moving into the bullish zone, with the four-hour RSI for LTC/USD below 50.

The technical outlook, combined with the continued need for alternatives, makes Litecoin one of the go-to coins and a bullish scenario for investors.

Beware of this revolutionary Altcoin – COLT

COLT is the original token of Collateral Network, a decentralized Web3 company with a new way to unlock liquidity: by collateralizing real-life assets. Collateral Network (COLT) mints NFTs backed by physical assets to lend and borrow against a variety of assets such as cars, jewelry, real estate, gold, diamonds, art and more.

Anyone can join and become a lender. After a successful evaluation, the provided assets are stored in a secure vault and insured by Collateral Network. The minted NFT is fractionated, allowing multiple people to become investors by lending cryptocurrency.

In return, lenders receive a weekly passive income until the loan is fully repaid. In this way, investors have a new way of investing that can also be built as a diversified portfolio of small loans, becoming their own bank.

In addition to the passive income created through lending, COLT token holders benefit from staking rewards, governance rights, and more. Collateral Network passed the audit of SolidProof and Interfi Network and the team is completely impressed. In addition, the vesting schedule indicates long-term potential, with team tokens locked for two years and liquidity tokens locked for 33 years.

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Why is COLT set to win 3500%?

The use of blockchain technology has automated the lending process and Collateral Network is leveraging this to globalize geographic access with a first-mover advantage in an untapped market. The platform offers everyone the opportunity to participate and benefit from low costs and the opportunity to earn passive income.

With plans to expand the ecosystem by bridging multiple blockchains, the new, unique and revolutionary business model will disrupt the peer-to-peer lending market, and the global customer base is driving growing demand.

How to buy COLT

Collateral Network is currently in the first phase of pre-sale. COLT tokens can be purchased from the Collateral Network presale portal at $0.014. Originally, the price was $0.001, meaning early investors have already benefited from a 40% increase. The portal accepts various crypto payments, including BTC, ETH, BNB, USDT, and SOL, among others.

Experts predict that COLT tokens will increase by 3500% of their initial price before listing on major exchanges and another 100x once they reach the leading trading platforms. So the best memento to acquire COLT tokens is now, especially since the team is offering it a deposit bonus of 40%.

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Conclusion

Collateral Network offers the world a new and exciting investment opportunity, and investors seeking growth investments should consider adding COLT to their portfolio. Currently, COLT is available on pre-sale for $0.014, up 40% from its original price of $0.01, and analysts expect returns of 35x for the pre-sale period alone.

Read more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk