Ethereum Classic (ETC) And Litecoin (LTC) Slows Price Rise, While XMR Already Falling

The cryptocurrency market is experiencing a growth mood, with Bitcoin leading the charge in a post-FTX recovery era. Investor confidence is buoyed by the prospect of central bank policy shifts and the potential introduction of Bitcoin ETFs, contributing to a market cap rebound above $1 trillion. Amidst this revival, Ethereum Classic (ETC), Litecoin (LTC), showed marginal growth in the past month but slowed down considerably during the last week.  Monero (XMR) is not doing well, despite the current market mood.At the tail end of this lineup, ScapesMania is carving out its niche. With a successful presale and a focus on integrating gaming with crypto, it’s poised to capture the attention of investors looking for the next breakout star in the cryptocurrency constellation.

Is there hope for Ethereum Classic (ETC) and Litecoin (LTC) to resume their rapid expansion, or will their growth rate continue to decelerate? Can we really predict the results for ScapesMania? Will Monero (XMR) have a chance to experience a similar expansion in the future? Let’s find out!

Summary

• ScapesMania: With its innovative approach to gaming and crypto, ScapesMania’s successful presale positions it as a potential market sensation.
• Ethereum Classic (ETC): Ethereum Classic (ETC) shows signs of a potential uptrend, breaking out of a descending triangle setup and aiming for a 30% price increase. However, the growth rate slowed down considerably in the last 7 days.
• Litecoin (LTC): Celebrating network milestones, Litecoin (LTC) faces resistance but shows promise for growth if it can break through key price barriers. Similar to Ethereum Classic (ETC), this coin did not perform too well during the past week.
• Monero (XMR): Despite a recent security breach, Monero (XMR) maintains its bullish undertone and privacy appeal, but there are no clear signs of growth in lieu of the market’s overall trend.

ScapesMania (MANIA): New Crypto Innovation

Many crypto experts pick ScapesMania as the best new project of 2023 and beyond. It manages to separate itself from the competition by offering holders a multitude of revenue streams and high potential ROIs during presale.

Companies and individual crypto traders looking for fast potential gains should definitely look into ScapesMania’s proposition. Once the presale finishes, the price will soar, securing possible returns in the range of 400-500%. Right now, there’s an active discount of close to 85%, but it won’t last forever – the clock is ticking and all interested in leveraging this offer need to act fast.

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When dissecting the tokenomics and other features of ScapesMania, it becomes clear that it’s the best altcoin to hold now. The innovative gaming-related core idea, impressive presale numbers, $150,000 giveaway, undying social media hype, and other positive aspects can guarantee that ScapesMania will continue on its winning journey, so it makes sense to get involved as soon as possible.

Join Presale at a Discount on the Official Site

Ethereum Classic (ETC): Course for a Potential Uptrend

Ethereum Classic (ETC) is currently navigating through a high time frame range, with its price oscillating between $14.70 and $27.73. The market is witnessing a descending triangle setup on the daily chart, which traditionally bears a downward bias.

The price of Ethereum Classic (ETC) has recently breached the descending triangle setup, indicating a potential rally. This technical pattern suggests a near 30% upswing to the $20.59 level, calculated by adding the distance between the first swing high and swing low to the breakout point. The Relative Strength Index (RSI) on the daily timeframe is above 50, reinforcing the likelihood of this bullish scenario.

The forecast for Ethereum Classic (ETC) is cautiously optimistic, with the technical setup favoring an uptrend. For this to materialize, Ethereum Classic (ETC) must surmount the immediate hurdles at $17.15 and $19.99 to reach the anticipated target of $20.59. From its current position, this would represent a significant gain. However, should the price fall below the $14.70 support, a bearish outcome could ensue, potentially leading to a 30% correction towards $10.36.

Litecoin (LTC): Celebrating Milestones

Litecoin (LTC) has recently celebrated a significant milestone, marking its 12th anniversary with a record-setting network hashrate, which is a testament to the network’s security and robustness. This achievement underscores the growing adoption and usage of Litecoin (LTC), as evidenced by the network facilitating over 180 million transactions to date.

Despite these achievements, the price of Litecoin (LTC) has been consolidating within a specific range since August. The bulls have faced resistance, particularly at the $72.45 level, which has been a tough nut to crack. This resistance level is crucial as it represents a barrier to the asset’s upward movement, with the price recently retracting to $69.44.

The future price movement for Litecoin (LTC) is intriguing, with the coin showing both promise and resistance. The market has demonstrated a keen interest in Litecoin (LTC), with spikes in address activity and whale transactions indicating a potential for increased market movement. However, the resistance levels at $80.10 and $93.06 remain formidable challenges. Should Litecoin (LTC) overcome these, it could pave the way for further gains, aligning with its strong market fundamentals and recent network achievements.

Monero (XMR): Security Concerns

Monero (XMR), the cryptocurrency synonymous with privacy and security, recently faced a significant challenge. A security breach in the community crowdfunding system (CCS) wallet led to the theft of 2,675.73 Monero (XMR), valued at approximately $384,000. This incident has raised concerns among investors.

The price of Monero (XMR) has been fluctuating within the range of $153 to $183, with a 10-day moving average of $170 and a 100-day moving average of $151. These averages indicate a relatively stable market sentiment, with the price maintaining above the 100-day moving average, suggesting a bullish undertone.

The future of Monero (XMR) price is a blend of technical resilience and market confidence. The support levels at $103 and $133 provide a strong foundation for the currency, while resistance levels at $194 and $224 represent the thresholds for potential growth. The recent security breach, while concerning, has not directly impacted the privacy mechanisms of Monero (XMR), which remain intact and continue to be a key selling point for the cryptocurrency.

Conclusion

The cryptocurrency market’s revival is setting a dynamic stage for various coins, each with unique challenges and opportunities. Ethereum Classic (ETC) is on the cusp of a potential rally, Litecoin (LTC) is at a crossroads of consolidation and breakout, and Monero (XMR) is testing the waters of investor trust after a security hiccup.

Meanwhile, ScapesMania is gearing up to disrupt the market with its novel gaming-crypto fusion. The project is set to break records after its presale finishes and the 500% ROI seems to only be just the beginning.

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• Source: https://thecryptobasic.com/2023/11/07/ethereum-classic-etc-and-litecoin-ltc-slows-price-rise-while-xmr-already-falling/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-classic-etc-and-litecoin-ltc-slows-price-rise-while-xmr-already-falling