Polkadot is looking to end the month on a bullish outlook as it seeks to reclaim the $10 region. The DOT token has been bullish since falling to a low point of $3.65 at the start of November.
Moreover, Litecoin has also formed a golden cross pattern, igniting fresh interest in the LTC token.
A golden cross typically forms when a short-term moving average breaks above a long-term moving average—in the Litecoin case, the 50-day moving average surpassed the 200-day moving average, confirming a golden cross formation. Meanwhile, Lunex Network witnesses significant presale growth due to its cross-chain swap, which supports over 50K assets across more than 40 blockchains.
Lunex Network: Bringing Faster Cross-Chains Swaps to Traders
Lunex Network will feature a non-custodial crypto exchange for smooth asset swaps. The project aims to facilitate crypto exchange from one network to another without the common restrictions associated with centralized exchanges. Moreover, Lunex Network will allow traders to remain anonymous while enjoying low fees and high-speed transfers.
By doing so, Lunex Network aims to reduce entry barriers into the crypto space, making crypto trading more accessible to users who value their privacy and convenience. Additionally, the Lunex Pro feature will allow subscribers to get cashback on each trade and enjoy wallet address AML checks, providing more openness and flexibility.
The Lunex Network $500K giveaway tops the list, as 80 lucky community members can win top prizes with a grand price of $100,000 in LNEX tokens. This giveaway, backed by many outstanding features, is set to drive Lunex Network presale to new highs. The LNEX token has already hit over 158% surge to a current price of $0.0031, with the expectation of further gains in the coming weeks.
Polkadot To Retest the $10 Level
Having reached its psychological level at $6 on Friday, Polkadot’s price witnessed an immense breakout, recording over 30% gains, pushing its price over the $7.5 region. Increased trading activity and substantial bullish pressure have been attributed to the surge, as $7, which acted as resistance, turned into a support zone.
Moreover, Polkadot’s technical indicators have been revealing a bullish outlook. The RSI is at 70, reflecting increasing buying pressure while suggesting continued upward momentum. The intensified bullish outlook, massive volume surge, and market volatility have all conspired to push the price of Polkadot over the $10 region again.
Polkadot also reported an increase in market cap, which has exceeded $11B. This, backed by its recent bullish momentum, could push the token toward the $8.5 resistance region while aiming to reclaim the $10 level.
Litecoin Price Forms a Rare Gold Cross, Suggesting A Bullish Outlook
The Litecoin price last formed a golden cross in February 2024. This was followed by a significant price surge that saw LTC reach its yearly high of $112. Therefore, Litecoin’s golden cross could result in a breakout, as the token aims to break past its critical resistance levels and potentially reach new highs.
Its first target will be the $112, opening a path to the $300 region. Hovering around the $87 and $90 region, with a monthly surge of over 27%, Litecoin technical indicators support a bullish outlook. The relative strength index is at 58, suggesting a potential buying outlook.
However, despite the positive connotation of a golden cross, market corrections are always risky. If the broader crypto market registers a setback, Litecoin’s price performance might also see a pullback, testing its support near the daily moving averages of 50 and 200.
Best Crypto Investments for December?
Polkadot and Litecoin have seen impressive gains, and the upward momentum will continue throughout Q4. This momentum has also been reflected in Lunex Network, with its presale registering over $3.5M in raised revenue. This makes the three cryptos the top investment choice for the coming month.
You can find more information about Lunex Network (LNEX) here:
- Website: https://lunexnetwork.com
- Socials: https://linktr.ee/lunexnetwork
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
