Crypto analyst Michael Van de Poppe has recently forecasted that Optimism could reach $5.00. Meanwhile, Litecoin has achieved a new mining difficulty, showcasing increased network activity. Also, NuggetRush is setting its sights on a substantial 20% gain, making it the best crypto to buy right now.
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Analyst Michael van de Poppe has presented a simplified technical analysis (TA) for Optimism (OP). He offered a snapshot showing a potential price surge for altcoin price. The altcoin is currently going through a normal correction period marked by profit-taking and a change in interest in the venture.
Van de Poppe’s study suggests that this correction is a component of a larger trend in the market. He pointed out that this might open the door for still another increase, bringing the cost of Optimism above $5.00.
The analyst’s favourable forecast for Optimism was based on the roll-up idea and the project’s significant use case. Currently, the Optimism coin is trading between $3.15 and $4.21 on the weekly timeframe. The token had initially reached a new peak of $4.23 on January 12th.
The Litecoin (LTC) team stated that the mining difficulty had achieved a new all-time high of 31.68 million. This indicates network growth and maturity. The team also claimed that 18,000,000 ordinals had already been inscribed on the Litecoin network.
However, despite this increase in network activity, Litecoin price has been trading in a narrow price range. In 2023, Litecoin peaked at $115 in July before dropping to a low of $56.00 in August. As of January, Litecoin coin is fluctuating between $66.78 – $76.27 in the weekly timeframe.
The SEC decision on Bitcoin ETF did not spark the expected rally in the crypto market. Litecoin only managed to reach a weekly high of $76.27. Still, analysts are bullish on Litecoin’s network activity to push its price to $100.
The likelihood that Optimism will surpass $5.00 and the rise in Litecoin’s mining difficulty indicates that the cryptocurrency market is feeling upbeat. NuggetRush is riding the wave as well. The cryptocurrency ICO is poised to close round five with a sell-out!
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