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What are the latest performances and news regarding the crypto Litecoin (LTC), Polygon (MATIC) e Blum? Let’s take a look at a price analysis and some future predictions.
Summary
The price of the crypto Litecoin in comparison with Polygon and Blum
Amid the ongoing market indecision in the crypto space, Litecoin (LTC) recently experienced a slight dip, sliding to a two-week low. Fortunately, it then found a key support level and is now slowly bouncing back.
Looking at the recent past, Litecoin has started to regain strength last month, recording a good gain as it prepared for a bull rally on the daily chart.
However, the signal is not yet clear enough as it consolidates on a weekly scale. After recovering near the $90 level, LTC encountered resistance and lost momentum during the past week, leading to a slight retracement.
The asset then found new support at $82, coinciding with the lower limit of the ascending wedge formed since mid-April.
The price has bounced and is now slowly climbing back towards the upper limit of the wedge, suggesting the possibility of a significant gain in the coming days.
An increase beyond last week’s rejected high would validate a wedge breakout, potentially leading to a full market recovery and a price surge.
On the contrary, a potential failure could result in a significant loss. Currently, the price still respects the wedge pattern, with a resistance target for buying at $87, followed by last week’s high of $89.6.
A surge through this high could quickly push the price to $93.1 and to the key resistance level of $100.
If the price were to drop from the current trading level, LTC could revisit $82, identified as weekly support. A drop below this level would confirm a wedge break, leading to $78.3 and $74.6 in the short term.
Polygon Labs acquires Toposware to enhance zero-knowledge technology
Polygon Labs has recently announced the acquisition of Toposware to pave the way for the next wave of zero-knowledge (ZK) technology.
This acquisition represents a significant step forward in research and engineering blockchain, aiming to push ZK innovation. The goal is to leverage the experience and talent of Toposware to advance the entire ZK community.
Polygon Labs, known for its contributions to ZK research, aims to further consolidate its position as a leader in practical ZK solutions.
The integration of Toposware’s resources will extend to various aspects of the Polygon Labs ecosystem, including improvements to AggLayer, Polygon zkEVM, and Polygon CDK.
Toposware brought a vast wealth of knowledge and engineering skills, integrating the existing capabilities of Polygon Labs.
The strategy of Polygon Labs on ZK technology is highlighted by recent developments, such as the deep dive on how SP1 of Succinct will promote cross-chain interoperability for AggLayer.
Using advanced ZK solutions like Polygon Plonky 3, Polygon Labs aims to create a solid framework for decentralized applications, laying the foundations for the future of blockchain technology.
The announcement of the acquisition of Toposware has attracted the attention of the sector and has had a positive impact on the price of MATIC, the native token of Polygon Network.
With an increase of 2.31% in the last 24 hours, MATIC’s position as one of the best emerging cryptocurrencies in 2024 has further consolidated.
Despite the slight drops in value over the last 7 and 30 days, the overall trajectory remains positive, with notable growth in market capitalization and trading volume.
Blum revolutionizes multi-chain trading with an innovative hybrid exchange
Blum is revolutionizing the world of trading on multiple blockchains, simplifying the process and saving users time, energy, and money.
The innovative hybrid exchange allows for effortless cryptocurrency trading across different blockchains, eliminating the typical complexities of traditional exchanges.
Created by Gleb Kostarev, former manager of the European division of Binance, together with colleagues Vladimir Maslyakov and Vladimir Smerkis, Blum offers a cutting-edge solution for seamless trading.
The airdrop of Blum is an extraordinary event, designed to reward devoted supporters with the opportunity to acquire a significant slice of the cryptocurrency.
With generous rewards exceeding $5,000 and exclusive governance tokens, the airdrop not only represents an earning opportunity but also the chance to influence the future of the project.
Participating in the airdrop means having a say in the direction of Blum, an unmissable opportunity for all DeFi enthusiasts and supporters of community-driven initiatives.
Blum offers the possibility to withdraw between $100 and $1,000 in cryptocurrencies without any initial investment. Participating in the $BLUM airdrop is simple: just register on the official Blum website, follow the social media handles, and complete the required tasks.
Once the wallet address is provided, the tokens will be transferred directly. This initiative is the perfect opportunity for cryptocurrency enthusiasts and newcomers curious to enter the world of cryptocurrencies without any initial financial risk.