Recent transactions by whales in the Litecoin (LTC) market has seen a significant increase of 111%. This surge has been linked to the upcoming launch of a major update for the Litecoin ecosystem, called LTC-20. This new standard would introduce a BRC-20 token, a fungible token built using Ordinals and inscriptions that are stored on the Bitcoin base chain. This new token and the update have the potential to draw in increased interest from retail and institutional investors.

The volatility of the memecoin market has been on the rise in recent weeks and has been characterized by the dramatic surge of PEPE's price despite rug pulls that have affected other memecoins. The most recent casualty of this market volatility is the WallStreetBets token, a cryptocurrency related to the WallStreetBets subreddit, which suffered a massive theft of over 300 ETH. Outrage has ensued and the Chairman of WallStreetBets is even considering contacting the FBI and local law enforcement with information of the alleged rogue developer responsible.

The standout performance of PEPE, however, serves to show that memecoins can still generate substantial returns and not all are susceptible to rug pulls. Meanwhile, Cardano (ADA) has displayed a potential trend reversal pattern on its 12-hour and 4-hour intraday charts known as the head and shoulders pattern. This technical analysis tool typically signals a reversal of a previous downward trend and speculates a possible future surge, though the decreasing trading volume coupled with gaps in the pattern may limit any possible gains. With the 50 and 200 exponential moving averages (EMAs) approaching a cross, a confirmation of the H&S pattern and further market insight may present itself in the coming days.



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