In a remarkable turn of events, Litecoin has embarked on an extraordinary price surge as it witnessed a staggering 45% increase in just two weeks, finally breaking the 14-month resistance at $100.
Following its breakout, Litecoin’s momentum continued, allowing it to reach fresh 2023 highs with a weekend peak of $115. Traders have eagerly positioned themselves in this altcoin as the anticipation is growing for the upcoming block-halving event, scheduled to occur in a mere 30 days. Notably, the network’s hash rate is touching new all-time high levels, while the number of transactions edges closer to the levels witnessed within the Bitcoin network.
With robust fundamentals in place, let’s take a look at where the LTC price can reach in July, with the halving just around the corner. Furthermore, we delve into three promising new projects that are anticipated to surge alongside Litecoin, offering an opportunity to maximize returns for astute investors.
Litecoin Sees Epic 45% Surge as Hash-Rate Grows With Halving Approaching?
The price of Litecoin has turned parabolic in recent weeks as the price for the cryptocurrency exploded by 45%, allowing it to finally break the previous $100 resistance that prevented growth over the past 14 months;
The price rise has welcomed Litecoin back into the top-10 ranked cryptocurrency as its market cap grows to $8.2 billion, displacing Solana from its top-10 position.
The surge above $100 is largely fuelled by the imminent Litecoin block halving event, which is scheduled for August 2nd, 2023. The event has historically been a major catalyst for Bitcoin and Litecoin as it reduces the number of LTC entering the market each day as the block reward for miners gets slashed in half. This imminent event for LTC will see the block reward being cut from 12.5 LTC to 6.25 LTC – significantly reducing the influx of LTC on the open market through mining and increasing the scarcity of the asset.
With the block halving approaching, the hashrate on the network is starting to see large spikes as it approaches its all-time high level – indicating an influx of miners on the network, looking to capitalize on the higher block rewards before they’re slashed in half;
With the market breaking the $100 resistance and setting new highs for 2023, let’s look at how high LTC can reach in July 2023.
LTC Price Analysis: How High Can Litecoin Go?
The following chart shows Litecoin from the start of the year to the current date. We can clearly see the $100 resistance preventing the market from rising further throughout the year. The market attempted to break the resistance in February and April but was rejected on both occasions;
However, the latest rise in sentiment allowed LTC to finally break the $100 resistance last week as it surged by an extraordinary 30% on Friday, July 30th, to break above $100. It continued higher over the weekend until hitting resistance at $114.10 – provided by a 1.272 Fib Extension, which is where the bulls are currently battling to break next.
So, how high can LTC travel through the month?
Well, if the buyers break the $114.10 resistance, the first level of higher resistance lies at $120 – provided by a 1.414 Fib Extension. This is followed by resistance at $128.55, $135 (March 2022 highs), and $140 (long-term bearish .382 Fib Retracement). Beyond this, resistance lies at $150 and $153 (Jan 2022 highs).
On the other side, the first support lies at $110. This is followed by $103 (.382 Fib), $100, $98, and $96 (.618 Fib). Added support lies at $90, $85, and $80.
Overall, a price hike toward $150 would be a respectable target for Litecoin in July 20223.
Is Litecoin the Only Option for July 2023?
With the bullish sentiment re-injected into the market, Litecoin isn’t the only option to make substantial returns in July 2023. In fact, there are a handful of alternative projects that experts have their eyes on, which are touted to produce considerable gains alongside the Litecoin surge.
In particular, we’ve identified three promising up-and-coming projects that are starting to witness unprecedented backing as investors rush to position themselves in the projects at the lowest possible prices before they hit public markets. Of course, with any investment, you need to do your own research, and you only need to invest a small portion of your portfolio into these projects as the returns are expected to be remarkably high.
Wall Street Memes – Epic Community With Elon Musk Paying Attention
The first project that has the entire attention of the crypto community is Wall Street Memes – a project that represents the internet’s victory over the greedy capitalists on Wall Street. The presale for WSM has raised over $12 million in just over a month, making it one of the fastest-growing presale projects in 2023 as investors rush to get positioned as early as possible due to its enormous community, hilarious memes making fun of traditional finance, and its ability to attract the attention of billionaire investors, such as Elon Musk.
Wall Street memes is an entirely community-driven project designed to make a mockery out of the Wall Street giants while providing opportunities for individuals to participate in crypto investments. The fusion of internet culture, meme-based humor, and decentralized finance has turned WSM into one of the most sought-after presales in the memecoin sector, as investors are intrigued by its long-term prospects.
WSM is Already on Elon Musk’s Radar With Long-Term Committed Team
The project has attracted over one million followers across its social media profiles. The cult-like following grew with a helping hand from its previous project – Wall Street Bulls. This NFT project sold its entire collection in just 30 minutes during 2021, and the community is back to support WSM in becoming the next memecoin sensation.
The following was further propelled when Elon Musk started to take notice of WSM. The Twitter and Tesla CEO has been interacting with the Wall Street Memes Twitter profile on several occasions as he becomes captivated by the hilarious memes posted there;
The interactions from Elon Musk have investors speculating about his role in the project, with the hopes that further Tweets from the tech mogul will help to push WSM into new heights in the same fashion as Dogecoin.
In addition, investors are confident in the team as they have demonstrated their long-term commitment to the project by not allocating any WSM for themselves. Instead, the team believes the community should control the entire WSM supply. As a result, half of the 2 billion WSM are sold in the presale, with the other half reserved to add liquidity to centralized and decentralized exchanges and provide community rewards for loyal members.
Lastly, the huge community puts WSM in contention to be listed by major tier-1 exchanges, such as OKX and Binance, immediately after its presale – further fuelling the hype behind the project.
Overfall, the project has created the perfect balance between strong fundamentals and hilarious memes to turn WSM into the next memecoin sensation – giving it a chance to provide enormous returns for early adopters. With the presale ongoing, you still have the opportunity to position yourself early in this project at low presale prices.
Thug Life Token – The Ballers Memecoin
The next project touted to provide at least 10x returns is Thug Life Token, a project embracing the street culture and providing a second chance for those who have been played by their favorite influencers while trying to hustle in the degen crypto sector.
Described as the ballers’ memecoin, Thug Life Token is based on the Thug Life movement first popularized by stars like Snoop Dogg and Tupac in the early 1990s. The project is fuelled by humor, brotherhood, and the shared struggle of hustling in the Web3 world, trying to flip coins and leave the market with profits.
The token has no planned utility, just a shared grind with the streets repping the coin. It’s particularly on a mission to turn the bitter landscape of dumped presales into a prosperous space, helping to turn all the losses into much-needed wins.
Unique Presale Proposal With Room for 10x Returns
You know what time it is. All interactions with this tweets are noted.
🔑 Tag frens, drop wallet addy and keep an eye on DMs for $THUG pic.twitter.com/m5hPpKurTw
— Thug Life Token (@thug_life_token) June 26, 2023
Thug Life Token has attracted the interest of influencers all over Twitter due to its unique presale structure. Instead of selling the $THUG token at multiple price points, everybody will be investing on a level playing field as there is just one presale stage – selling the token for $0.0007.
The team believes this will incentivize long-term holding, allowing the project to quickly surge higher without fearing early adopters dumping the tokens as soon as they see a profit.
In addition, in the spirit of traditional memecoins, the entire 4.2 billion supply is reserved for the community – with 70% sold in the presale and the remaining 30% allocated for marketing and community rewards.
The project has a hard cap of just above $2 million, meaning there won’t be too much time to invest in this project. Furthermore, based on the presale price and total supply, the market cap for Thug Life Token will begin at $2.94 million – providing it with enormous growth potential following its launch. It would only need to rise to $15 million to give investors a 5x return, which is relatively low for well-marketed memecoin projects like Thug Life Token.
Lastly, the team has announced they will lock the liquidity pool through Team Finance for three months, meaning there is no chance of a rug-pull with this investment.
yPredict – Using AI to Elevate Trading Returns
The last project we’ve found that can surge in July alongside Litecoin is yPredict, a revolutionary AI-powered analytics platform that can help traders elevate their trading returns. This project provides an array of products that provide traders with data-driving insights to help them make better trading decisions when navigating the market, completely powered by AI.
The team has built a suite of cutting-edge research and analytical tools for the community while creating an ecosystem that provides substantial utility for its native token, YPRED. In addition, they’ve integrated a groundbreaking social feature that lets developers list their financial prediction models to help traders become consistently profitable in the market.
Although most features require users to hold YPRED, the team has kept its Market Prediction feature free to use. This section of the platform allows users to check the latest asset price predictions generated through in-house developed predictive models. It’s open to the public and serves as an inbound traffic source for the ecosystem.
Results-as-a-Service Economy Fuelling YPRED Utility
The platform has a wide range of features for trades to succeed, but two stand out and make the platform unique.
First is the yPredict Analytics section, which provides traders an edge in the financial market through a new breed of trading tools powered by AI. The AI can detect over 100 charting patterns and alerts traders about newly formed trends and imminent breakouts. It also provides confidence scores for traders to help them judge the signal’s viability. This section requires users to hold YPRED tokens for access.
Second is the yPredict Marketplace, a groundbreaking feature that creates a results-as-a-service ecosystem. Here, developers can list their own price prediction models, which traders can subscribe to on a monthly basis – with the payment being made in YPRED tokens. Traders can browse for the highest-performing models, and the developers will receive 70% of the revenue, with the remainder being reinjected back into the ecosystem.
Overall, yPredict is touted to provide long-term returns for early adopters as its utility is expected to grow alongside platform adoption.
