Over the past month, the crypto market has seen a strong rally, leading to notable gains in the value of altcoins like Litecoin (LTC) and Bitcoin Cash (BCH). While both tokens have seen price declines over the past week, the uptrend continues, with Litecoin reaching the $115 level.

Lunex Network (LNEX) and Bullish Expectations

During this period, projects such as Lunex Network (LNEX), which is in pre-sale in the DeFi sector and whose future is uncertain, continue to attract attention. Having sold more than 2.2 billion tokens, LNEX has raised a fund of close to $5 million during the pre-sale process with expectations of $10 million. This reflects the potential growth expectations of the bull season.

Litecoin (LTC) Makes Its Biggest Gain of 2024$LTC

Litecoin has made its biggest price increase since 2024, gaining more than 46% in a month. In the process, LTC has become one of the most valuable cryptocurrencies in recent weeks, reaching $147. However, Litecoin is currently experiencing a short-term pullback. The price has dropped by about 30% since reaching its peak. Despite this, analysts remain positive about Litecoin continuing to hold its value above $110.

Crypto analyst Mike expects LTC’s price to rise parabolically and reach $150. According to technical data, Litecoin’s 30-day simple moving average (SMA) is currently at $103.81, indicating a healthy uptrend. Ahead of a potential rally in January, there could be a buying opportunity at this level for investors looking to buy LTC.

Bitcoin Cash saw a significant price increase in November. According to CoinMarketCap data, BCH, which was trading at $358 in early November, gained nearly 86% to reach a peak of $640 on Dec. 6. However, a subsequent price pullback saw BCH drop below the $550 level, leading some investors to worry that BCH’s bullish momentum may have run out.

However, analyst Andrew Griffiths has spotted a symmetrical triangle formation on the BCH price chart that signals a potential breakout. Griffiths notes that if BCH breaks the key resistance level at $566.43, it could rally to the $588.78 target. Otherwise, the price could drop to the support area at $524.46. Technical analysis also points to a positive outlook for this token, as the moving averages are giving bullish signals for BCH.

Litecoin and Bitcoin Cash have shown significant price movements due to the bull season, and investors are watching closely for possible future movements. For Litecoin, a break above $115 could signal the continuation of the bull market, while for Bitcoin Cash, a break above $566 could mean a continuation of the rise. Investors continue to follow technical analysis for both tokens to accurately evaluate price movements.