Algorand (ALGO) just had its first 7-day winning streak, thanks to Bitcoin’s march towards $21,000. Litecoin (LTC) also posted a 5-day rally that sent its price just below $65.
However, the latest charts show optimism on both coins is starting to wane. ALGO and LTC investors look to be taking profits and The Hideaways (HDWY) is benefitting. A project that looks set to gather huge attention on the global stage, its presale has become a standout star investment.
Algorand (ALGO) Reveals $35 Million Investment in the Embattled Crypto Lending Platform Hodlnaut
During its latest announcement, the Algorand Foundation announced exposure to the Hodlnaut – a crypto lending platform that halted withdrawal operations in early August. The blockchain invested $35 million in the Singapore-based site as part of its expansion goals.
The Algorand (ALGO) price hasn’t benefit from this news, however, with the Algorand (ALGO) price only rising to $0.32 during the day and bearish sentiment growing.
Analysts are predicting that Algorand may struggle in the coming months as investors sentiment remains largely negative.
Forecasts show the coin falling to immediate support found at $0.30 with further falls expected should this support level fail. Revisiting its August low found at $0.28 is possible next week.
Litecoin (LTC) Looks Set To Disappoint Investors in 2022
Litecoin (LTC) recently rejected an important resistance line which, if passed, could have pushed its price to $100.
Buyers tried their best to break the hard resistance they encountered at $65, but sellers proved to have the market’s support for now. The price hovered at $64 for two consecutive days until the bearish sentiment took over and the Litecoin price dropped.
Analysts said a winning streak towards $100 could have been possible if traders beat $65. For now, technical indicators show Litecoin (LTC)’s RSI touching 60.0 – an indication that the currency is overbought.
Traders still have the chance to exit their positions while LTC is still up 3.09% in the 7-day chart. If you are not willing to exit at current prices, cut your losses at $61.18. If the price reaches this level it will open possibilities of a drop to $54.
The Hideaways (HDWY) Set to be Superstar 2022 Investment
The Hideaways (HDWY)’s presale opening came at the right time for Algorand (ALGO) and Litecoin (LTC) investors looking to cut losses and find a project with more potential in 2022 and beyond.
The Hideaways (HDWY) is a luxury real estate investment platform giving investors huge returns in the form of rental income, staking rewards, bonus NFT drops and more.
Solidproof recently audited the project and passed it with flying colors and the team behind the event will unveil themselves at the project’s first global networking event.
To top it all off, the VIP tier rewards are out of this world. Investments upwards of $10k will secure a complimentary 5* holiday including flights, a limited edition NFT, access to a $50k a year luxury concierge service and more!
Invest now whilst the HDWY token is set at $0.01. Surging demand looks set to see the HDWY price increase to $0.05 in the next month, with early investors sitting on a 500% return,
For more information about the project, check them out:
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