- Injective (INJ) price has dropped below $40 and could be in trouble despite the latest network developments.
- Litecoin (LTC) could break above $100 and track higher amid ETF speculation.
- Elsewhere in the market, investors are aggressively buying KangaMoon (KANG).
Litecoin (LTC) is seeing some action amid increased coverage, while the price of Injective (INJ) is at a key support level. The two cryptocurrencies are among those investors are watching as sentiment around Bitcoin paints a bullish picture for the top altcoins.
Here’s a price prediction for Litecoin, Injective, as well as a look at why interest in the new crypto project KangaMoon (KANG) is skyrocketing.
Litecoin price prediction amid LTC news
Litecoin ranked among the top altcoins for a while before falling off the radar amid negative price action during the recent bear market.
Now that Bitcoin is grabbing all the headlines with a surge to a new all-time high, Litecoin’s price is slowly back in the shadows. Given the fresh bullish sentiment, there could be a potential break into the spotlight.
Last week, Coinbase Derivatives moved the interest needle for LTC with its plans to list Litecoin futures. The derivative product will go live on April 1. On Tuesday, the CFTC designated LTC and ETH as commodities in its lawsuit against crypto exchange KuCoin.
https://twitter.com/EleanorTerrett/status/1772698347515556030 also that institutions may be eyeing an LTC spot exchange-traded fund (ETF). The coin’s similarity to Bitcoin suggests that the SEC might be more open to it than Ethereum.
While the ETF rumor is likely a longshot, the bullish outlook for the Litecoin price comes into play if the bulls break and strengthen above $100.
LTC jumped more than 10% late Tuesday to hit a high of $98.90. If the price breaks the immediate resistance line, it may retest the area near $130. New tailwinds at these levels could lift LTC/USD to a multi-year high above $200.
Litecoin price chart. Source: TradingView
Injective price prediction
Injective (INJ) has been choppy since falling from its all-time high of $52.60 on March 14. INJ is currently trading around $38.35, down more than 5% in the last 24 hours.
Thus, the INJ price is hovering near a key support line that has offered buyers a chance to reload several times since today.
The latest weakness for Injective comes as investors weigh the impact the allegations against KuCoin and its two founders may have on the market.
The U.S. Department of Justice indicted two KuCoin bosses on criminal charges, and the price of KCS dropped due to the outflow of funds.
However, Injective has seen significant network growth. Indeed, its Ionic Upgrade could be a big step as the network pursues greater interoperability with Ethereum, Soland and other chains. A bullish flip could help the bulls target a return above $50 and potentially a new all-time high.
If the bulls fail to regain the upper hand, a retreat into the trading range with the main boundaries of $40-35 is possible. The upper range could be $45, while the bears could like the $30 support level.
Injective price chart. Source: TradingView
KangaMoon’s outlook as pre-sales accelerate
KangaMoon (KANG) is a new pre-sale crypto token. Although it has not yet reached the commercial market, it is attracting huge attention both for its innovative project and the potential of the native KANG token.
Driving KangaMoon is its innovative tokenomics that allows presale participants to earn KANG through various challenges and competitions. The unique approach is possible because it is a meme coin project that combines SocialFi and a game for earning.
KangaMoon has the potential to become a top project in the P2E space, especially with its rare NFTs and in-game battle arenas that add excitement.
So far, the project has raised more than $2.8 million from early investors. The current phase 4 is almost 40% sold out, with the price at a relatively favorable point of $0.014. KANG value increased from $0.005 in phase 1.
When the tokens launch on exchanges after the pre-sale, KangaMoon could be one of those projects that explodes.
In particular, those who join the pre-sale now can take advantage of a 10% bonus on all purchases. Purchase options include USDC, USDT, SOL, BNB, ETH and BTC.
Check the KangaMoon website for more details.
