Litecoin (LTC) and Polygon (MATIC) began the month of September on the wrong foot, both recording losses of over 10%. However, the same can’t be said for the newly launched VC Spectra (SPCT), which continues to see positive returns for its early investors. The project is in its third presale stage, where it has recorded gains of 212.5% from its initial price.
What does the future hold for these top altcoins: Litecoin (LTC), Polygon (MATIC), and VC Spectra (SPCT)? Let us explore.
What you'll learn 👉
Massive Selloff From Whales Pushes The Price Of Litecoin (LTC) Down
August saw Litecoin (LTC) whales engage in mass selloffs, negatively impacting the price of the token and the Litecoin price prediction. The LTC price dropped from a high of $83 on August 8 to $63 on September 3, 2023, with a significant chunk of the losses in the LTC stock occurring at the start of September.
According to Santiment, an on-chain data compiler, Litecoin (LTC) appears to have been affected by the recent sell-offs by large holders.
Accounts holding between 10,000 and 10 million Litecoin (LTC) tokens sold 420,000 Litecoin (LTC) tokens in August. Another factor that appears to be affecting the Litecoin price prediction negatively is a drop in LTC Futures Open Interest. As of September 1, 2023, Litecoin (LTC) open interest sat at $238 million, a 56% drop in a month.
The decrease shows falling interest in Litecoin (LTC) within the derivative markets. If panic kicks in and another massive sell-off takes place, then the price could drop to the $50 range, and below this, the $46 to $38 zone awaits, shows the current Litecoin price prediction.
Polygon MATIC Price Drops Below Crucial Range, Leaving Investors On Edge
Polygon (MATIC) started September at a low after its token lost 10% of its value. As of September 3, 2023, the Polygon MATIC price is $0.54. Analysts see Polygon (MATIC) consolidating above the critical support level of $0.50 before trying to move up. However, the technical data doesn’t paint a promising picture, which has investors on edge.
A closer look at the Polygon MATIC price chart reveals investors should tread with caution. The Relative Strength Index (RSI) remains in the lower range. This signifies bearish momentum. Also, the Chaikin Money Flow (CMF) is struggling to go past the zero level. This is a clear sign that Polygon (MATIC) is experiencing limited capital inflows and that selling pressure is piling up.
Other indicators in the Polygon price prediction, such as On-Balance-Volume (OBV), have dipped, which shows fading interest for the Polygon (MATIC) token. As things stand, the short-term future of Polygon (MATIC) appears bleak, meaning it might not be the best crypto to buy now.
VC Spectra (SPCT) Continues To Reward Early Investors
At its core, VC Spectra (SPCT) is a decentralized hedge fund that leverages AI to identify potentially profitable projects early and invest in them. The gains of these investments are shared with its VC Spectra (SPCT) holders.
The newly launched project has entered the third presale stage, where each token is going for $0.025. This means investors that got in at the first presale stage when the VC Spectra (SPCT) was going for $0.008 have already recorded gains of 212.5%. And those that got in at the second presale stage when the price was $0.011 have recorded gains of about 127.27%.
Investors that get in at the current price stand to earn a 32% gain by the fourth presale stage, where the price will jump to $0.033, and about 220% when the price of VC Spectra (SPCT) rises to its end-of-presale price of $0.08.With less than 75% of the tokens left before the third presale stage is done, VC Spectra (SPCT) appears to be a winner for early investors. It’s the best crypto for beginners and seasoned investors alike, which one cannot afford to miss out on!
To learn more about VC Spectra (SPCT), visit:
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