Santiment Highlights Two Altcoins! “One Shows Bullish Signs, The Other Presents a Buying Opportunity!”
In the midst of a general decline in Bitcoin (BTC) and altcoins, certain altcoins are facing steeper drops due to negative developments. One such altcoin is Loopring (LRC), based on Ethereum (ETH), which recently fell sharply after being exploited for $5 million.
Despite the current challenges facing LRC, Santiment believes that the significant drop presents a buying opportunity for savvy investors. Following a 22% decline in LRC over a 4-day period, Santiment identified a potential opportunity for bottom buyers. The recent attack on the Loopring network, resulting in a $5 million loss, has undoubtedly impacted the project’s market cap and eroded trust within the crypto community.
On the other hand, Litecoin (LTC) is showing positive signs according to Santiment. Often referred to as digital silver, LTC has seen a notable increase in the number of unique and active addresses on its network. With the number of addresses doubling since June 4 and the RSI signaling an upward trend, Santiment suggests that LTC may be on the verge of a rebound.
As LTC continues to trade at $78.8, Santiment’s analysis indicates a potential bounce for the cryptocurrency. It is important to note that this information is not investment advice.
For those interested in investing in over 300 cryptocurrencies, registering with Binance exchange through this link offers a 20% commission discount. Stay updated with exclusive news, analytics, and on-chain data by following our Telegram and Twitter accounts.
