Injectable (INJ) price has fallen below $40 and may struggle despite the latest network developments. Litecoin (LTC) could break above $100 and look more upside amid ETF speculation. Elsewhere in the market, investors are aggressively buying KangaMoon (KANG).
Litecoin (LTC) is seeing some action amid increased news coverage, while Injective (INJ) price is at a key support level. The two cryptocurrencies are among investors watching sentiment around Bitcoin paint a bullish picture for top altcoins.
Here’s the price forecast for Litecoin, Injective as well as a look at why interest in the new crypto project KangaMoon (KANG) is soaring.
Litecoin Price Prediction Amidst LTC News
Litecoin was among the top altcoins for a while before it plunged off the radar amid negative price action during the last bear market.
Now, while Bitcoin is hoarding all the headlines with a rise to a new all-time high, Litecoin price is slowly slipping back into the shadows. A potential breakout could be in the spotlight given fresh bullish sentiment.
Last week, Coinbase Derivatives moved the interest needle for LTC with its plans to list Litecoin futures. The derivative product will be live on April 1st. On Tuesday, the CFTC labeled LTC and ETH as commodities in its lawsuit against crypto exchange KuCoin.
There is also speculation that institutions may be eyeing an LTC spot exchange-traded fund (ETF). The coin’s similarities to Bitcoin suggest that the SEC may be more open to this than Ethereum.
While the ETF rumor is likely a long shot, a bullish outlook for Litecoin price comes into play as bulls break and strengthen above $100.
LTC jumped more than 10% late Tuesday to hit highs of $98.90. If price breaches the immediate resistance line, it could retest the area near $130. New winds at these levels could lift LTC/USD to a multi-year high above $200.
Litecoin price chart. Source: TradingView
Injective price prediction
Injective (INJ) has been volatile since falling below its March 14 high of $52.60. Currently, INJ is trading around $38.35, down more than 5% in the last 24 hours.
So INJ price is hovering near a key support line that has offered buyers a reload opportunity several times year-to-date.
The latest weakness for Injective comes as investors weigh the impact an indictment on KuCoin and two of its founders could have on the market.
The US Department of Justice charged the two KuCoin chiefs with criminal offenses and KCS price plummeted amid fund outflows.
However, Injective has seen significant network growth. Indeed, its Ionic Upgrade could be a big move as the network sees more interoperability with Ethereum, Soland and other chains. A bullish flip could help bulls target a return above $50 and potentially new all-time high.
If bulls fail to gain the upper hand, a pullback is possible in exchange trading with the $40-$35 the main limits. The upper range could be $45, while bears may be keen on the $30 support level.
Injective price chart. Source: TradingView
KangaMoon prospects as pre-sale accelerates
KangaMoon (KANG) is a new crypto token in presale. Although it has not yet hit the trading market, it is attracting a lot of attention, both for its innovative project and the potential for the native token KANG.
Driving KangaMoon is its innovative tokenomics that sees presale participants start earning KANG through various challenges and contests. The unique approach is possible because it is a meme coin project that combines SocialFi and play-to-earn.
There is potential for KangaMoon to grow into a top project in the P2E space, especially with its rare NFTs and game battle arena adding to the excitement.
So far, the project has raised more than $2.8 million from early investors. The current stage 4 is almost 40% sold out, with the price at a relatively bargain point of $0.014. The KANG value increased from $0.005 in phase 1.
When tokens are launched on exchanges after presale, KangaMoon could be one of those projects that explodes.
In particular, those who join the pre-sale now can enjoy a bonus of 10% on all purchases. Buying options include USDC, USDT, SOL, BNB, ETH and BTC.
Visit the KangaMoon website for more details.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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