The renowned trader behind the Bollinger Bands trading tool, John Bollinger, voiced concerns surrounding the latest Litecoin (LTC) price performance compared to alternatives. This analysis comes as the crypto markets showcase signs of recovery, with LTC seeing a notable uptick in value.
Chainlink (LINK), for example, had a memorable quarter and gained 95% in the past year. On-chain data suggests that it can increase even further. Everlodge (ELDG) is pushing blockchain technology into the $280 trillion real estate market and can become a significant player in the long term.
Litecoin (LTC) Is Underperforming According to John Bollinger
Litecoin (LTC) is underperforming compared to the other available cryptocurrencies based on data from John Bollinger, a legendary analyst among Web3 circles. The Bollinger analysis comes as the crypto market is in the recovery phase.
In the technical analysis, there was a 2 bar reversal, a pattern that indicates a possible change in the trend. Based on his research, Litecoin exhibited this pattern at the lower end of the Bollinger Bands, a technical indicator developed by the analyst, measuring market volatility and price levels.
While Litecoin is down 63% against Bitcoin since last November, it remains within the top 20 list. The crypto can grow moving forward, and based on the Litecoin price prediction, it can reach $78.98 by the end of 2023.
Chainlink (LINK) Staking v0.2 Released and Fueled Its Growth
Chainlink (LINK) recently saw an upswing in its value, which increased by 95% within the past year. According to data from IntoTheBlock, the Chainlink price had solid support between $13 and $15.
This could propel more price gains in the upcoming weeks. One of the catalysts for this growth was the Chainlink Staking v0.2 release, which featured an expanded pool size of 45,000,000 LINK tokens in total, representing 8% of the circulating supply. According to the Chainlink price prediction, the crypto can reach $16.31 by the end of 2023.
Everlodge (ELDG) Will Introduce AI-Driven Tools to Real Estate
While Bollinger is bearish on Litecoin and Chainlink is showcasing solid performance, Everlodge is getting the most attention. Everlodge is an upcoming real estate marketplace allowing anyone to buy, sell, or trade fractions of properties worth millions of dollars.
The platform can ultimately democratize and disrupt the $280 trillion real estate market, as each property is minted as an NFT and then fractionalized into smaller pieces worth $100 each.
As a result, anyone can diversify their holdings and co-own numerous properties. Users can also get passive income from rental properties, and the NFTs will grow parallel to the real-world asset’s value appreciation.
Alongside this, the Everlodge platform will feature a dedicated AI tool that can predict future locations where real estate properties can increase in value. It can provide ecosystem participants access to snapshots of a specific region at a given time frame to discover undervalued markets.
The native crypto, ELDG, is offered at $0.025 during Stage 7 of the presale. The crypto can be staked, and as a result, users can get passive income. At launch, analysts project a 2,000% climb in its value.
For more information about Everlodge (ELDG) please visit their website.
