image 411Due to their huge benefits, investing in digital currencies has gained tremendous popularity recently. However, market volatility can lead to substantial losses, prompting many investors to seek new ways to earn passive income from their cryptocurrency holdings, even during market downtrends.
Although Litecoin (LTC) And Sui (SUI) are prominent tokens that have existed for some time, their performance has been poor lately, given the current bearish market. Nonetheless, a new opportunity has emerged with Yachtify (YCHT), the first-of-its-kind platform that enables anyone to purchase, sell, own, and rent all types of yachts.
Litecoin (LTC) Price Drops As Bears Overtake Bulls
Recent data shows Litecoin (LTC) has been shedding its latest gains due to high selling pressure. At present, its trading volume has dropped by over 15%, accompanied by a 2.80% decrease in price over the last 24 hours.
Since Litecoin’s (LTC) drop from $101.85 to $90.44 on April 19th 2023, bears have increased their pressure, pushing the token’s price down to $81.11.
Litecoin (LTC) is experiencing a downtrend, displaying a bearish engulfing pattern on the daily charts as it moves towards lower lows. It has fallen below both its 50-day Simple Moving Average (SMA) and its 200-day SMA, with bearish sentiment prevailing in the short and long term.
Moreover, its Relative Strength Index (RSI) has plummeted to 34.74 and is quickly approaching the oversold region of 30. This suggests that bears have gained control as more traders take short positions, and the decrease in trading activity contributes to the current price drop.
Meanwhile, Litecoin’s (LTC) upcoming halving, scheduled for August 3rd, 2023 – 86 days from now, may raise the token’s price. The halving will lower the miner’s rewards per block from 12.5 to 6.25 LTC.
According to CoinMarketCap, the price of Litecoin (LTC) is $80.92, a decrease in the price of 3.66% over the last 24 hours.
Sui (SUI) Price Crashes Amid Bearish Market
On May 8th, the price of Sui (SUI) dropped below the $1.26 horizontal area, resulting in a low of $1.09 on the same day. Despite creating a long lower wick, which is typically a sign of buying pressure, the price of Sui (SUI) remains below the $1.26 horizontal area.
If the downward trend persists, the next support area for Sui (SUI) is at $0.96. Alternatively, a bullish reversal could potentially drive the Sui (SUI) token back up to the $1.26 resistance area.
As at press time, the price of Sui (SUI) is $1.15. This indicates a decrease in price of 11.91% over the last 24 hours.
Yachtify (YCHT): Invest In The $10B+ Yacht Industry
Yachtify plans to revolutionize the yacht industry by introducing a pioneering marketplace for renting, buying, selling, and owning fractional timeshares in various yachts, including Sunseeker Yachts and Jetskis. The platform will generate NFTs representing each investment to establish ownership of tangible assets.
In addition, the Yachtify ecosystem will include a rewards club, a lending protocol, and an NFT marketplace, making it an attractive investment opportunity for investors. To ensure user safety, the platform’s team has successfully undergone audits by SolidProof and InterFi Network.
Yachtify will allow investors to purchase and rent diverse boats using blockchain technology, which is both secure and speedy. Investors will earn a portion of the platform’s fee shares based on their investment.
Yachtify tokens are now available at only $0.10 each during its initial presale stage. Early investors can benefit from a 30% bonus before the price increases by the end of May.
Find out more about the Yachtify (YCHT) presale:
Website: https://yachtify.market
Presale: https://buy.yachtify.market/login
Twitter: https://twitter.com/yachtify_market
Telegram: https://t.me/yachtify
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