This Altcoin May Be a Game-Changer in the Upcoming Bull Run, But Here’s a Twist!

Polkadot has been among the tokens which have been trading under the radar for quite some time. The bulls remain off the shore, as the price has been failing to reach a double-digit figure since May 2022. Hence, the prolonged accumulation may eventually result in a bullish breakout, which could be fueled by the fundamental upgrades.
Just before the 2021 bull run, the Polkadot ecosystem auctioned its parachain, which had a decent impact on the price. However, with the launch of an upgraded ecosystem, Polkadot 2.0, a new phase of a fine bull run may be expected. What’s the difference between Polkadot & Polkadot 2.0?

The upgraded network is mainly focused on increasing speed, safety, and adaptability. The developers here mainly focus on efficiently assigning resources. Therefore, a new system of allocation may eventually attract more projects to the ecosystem. Apart from this, the chain uses nominated Proof-of-Stake(NPoS) which allows holders to nominate validators. Alongside, cross-chain compatibility and on-chain governance are the other two major features of the platform.

How Will the DOT Price Be Impacted With This?

The DOT price has undergone a decent rally in the recent past, which elevated the price by over 150% from levels around $3.5 to as high as $9.57. However, before surpassing the crucial resistance at $10, a significant pullback occurred, dragging the price below $7 at the moment. The retest is expected to prevail for some more time, which may trigger a healthy rebound towards the 2023 highs.
Considering the current price action, the DOT price appears to be in the middle of a retest as the RSI continues to remain bearish. With this, the immediate support at $6.43 may be tested and broken at any time from now. This could pave the way for an extended descending trend towards the lower support at $5.80. A rebound may be expected at these levels, but if the bulls fail to do so, a drop to the lower support zone between $4.67 and $4.76 is imminent.

In any case, the Polkadot (DOT) price is believed to trigger a healthy rebound and head towards the highs. However, a pivotal resistance may hinder the rally at $8.6 and only if the bulls are able to breach through these levels, the token may achieve a double-digit figure.

Litecoin Price Hints Bullish Reversal! Will LTC Price Retest Its Upper Level Soon?

After trading in a bearish pattern for a brief period, the Litecoin price has displayed a significant jump in the chart, indicating a possibility of a bullish reversal in the market. Moreover, the LTC coin has added over 5% within the past day, making it one of the top gainers of the day.
The LTC price traded in a closed range between $71.76 and $74.44 for about a week, following which the bulls broke out of the resistance level. The rally was short-lived as the price faced restriction at $77.29, after which the price traded sideways for a while.

Litecoin Price Analysis
TradingView: LTC/USDT
After multiple failed attempts to break out of the resistance level, the bulls lost momentum and experienced a pullback within the range, where it traded sideways for a while. As the market lost momentum, Litcoin recorded a correction of approximately 15% in valuation.
Following this, the Litecoin price traded sideways between $63.37 and $66.11 for about a week. As the market regained momentum, the LTC price jumped approximately 22% in valuation.

After facing rejection, the price has been constantly trading in a consolidated range between $68.01 and $71.76. Currently, the Litcoin price is testing a breakout at its resistance level of $71.76, of which the outcome is uncertain.

Will LTC Price Hit $75 Soon?

The Relative Strength Index (RSI) displays a bearish convergence, suggesting an increased selling-over-buying pressure in the market. Further, the averages show a rising pattern, highlighting a mixed sentiment in the crypto space.
If the market holds the price above the support level of $71.76, the LTC price will test its resistance level of $74.44 soon. Maintaining the price at that level will set the stage for Litecoin to attempt to test its upper resistance level of $77.29 in the coming time.

Conversely, if a trend reversal occurs, the bulls will lose momentum and fall to test its support level of $68.01. Moreover, if the market continues to trade under a bearish influence, the Litecoin price will prepare to test its lower support level of $66.11 during the week ahead.