Following the fall of Bitcoin (BTC), several well-known coins, including Stacks (STX) and Litecoin (LTC), dipped further into the red danger zone. This has emphasized the need for investors to diversify their portfolios.
Investing in upcoming projects is a good diversification strategy. Lately, investors have been partaking in the presale of Sparklo, a new cryptocurrency investment protocol.
Stacks (STX) Dumps: Will It Recover?
Over the last 24 hours, the price of Stacks (STX) has dropped by -2.90%. The price of Stacks (STX) had been in a bull trend and was rising above the important key EMAs. The 50 EMA served as a solid support before the breakout as the price started to trade in an uptrend.
The price of Stacks (STX) recently, around the middle of April, made one more attempt to cling to the 50 EMA as support in order to keep moving upward. However, Stacks (STX)’s price abruptly turned around after hitting $1.0050 resistance and breaking through its nearest 50 EMA support level. Currently, the price is consolidated above the 100 EMA.
Strong buyer support is required for the Stacks (STX) price to maintain the bull trend. If its investors agree to support it, it can recoup 40 to 80% of its value.
However, at the time of writing, Stacks (STX) price is $0.7269, and the volume of 24-hour trading has decreased by -48%.
Litecoin (LTC) at Risk of Another Rejection
According to the price of Litecoin (LTC), Bulls are making a comeback and attempting to recover from the recent firm selloff that resulted in a 13% loss. A strong recovery strategy for the Litecoin (LTC) token was put forth, and it called for bulls to at the very least return to levels above $94.43.
It looks like the Bulls will drop the ball on that plan and instead are risking another Litecoin (LTC) price rejection for this week that could see another leg lower if pressure on the bottom side grows too big for the Bulls to bear.
Even this week, the floor at the monthly pivot near $85 has been a strong support for Litecoin (LTC) price. Litecoin (LTC) price, however, is under pressure to break lower despite being supported.
Litecoin (LTC) bulls run the risk of another rejection as long as $94.43 is unopposed. This rejection could be viewed as the second for Litecoin (LTC) after the one at $104 last week.
Sparklo (SPRK) Presale Keeps Gaining Momentum
Sparklo will be the first cryptocurrency protocol investment platform that allows members to make fractional investments in Gold, Silver, and Platinum bars.
Interest in Sparklo’s native token, Sparklo (SPRK), is quickly rising as the project gains traction. The presale and pricing strategies for the project have been thoughtfully designed to entice investors and guarantee the platform’s successful launch.
Currently in the presale stage, Sparklo (SPRK) is valued at $0.015, with a projected increase to $0.017 by the end of April. Therefore, invest right away while the price is still $0.015. Additionally, investors who take part in the presale will get a 30% bonus on every purchase.
Find out more about the Sparklo presale:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
