Cryptocurrencies Price Prediction: Litecoin, MYX Finance & Solana — Asian Wrap 9 September

Litecoin Price Forecast: LTC’s new wallet with MWEB integration set to make privacy a default feature

Litecoin (LTC) is trading slightly down at around $111.90 at the time of writing on Tuesday, after breaking above the falling wedge pattern, which favors a bullish outlook. The announcement of a new wallet integration on Monday, featuring MimbleWimble Extension Blocks (MWEB), makes privacy a default feature for Litecoin, fueling some optimism. On-chain data highlights a surge in transaction volume, reaching its highest level since June 2023.

MYX Finance beats the market as Worldcoin, Virtuals Protocol record double-digit rise

MYX Finance wins the Binance Annual Awards for the high volume decentralized exchange (DEX) category, named “Volume Powerhouse.” The runner-ups were Superp and PancakeSwap. MYX token trades close to $13.50 at press time on Tuesday, retracing from the all-time high of $14.58 recorded earlier on the day. The immediate support for the DEX token lies at the 78.6% Fibonacci level at $11.31, which is retraced from Saturday’s open at $1.15 to Monday’s close at $14.08 as it takes a breather after a 303% rise on Monday.

Solana gains 5% as Forward Industries reveals $1.6 billion SOL treasury plan

Solana (SOL) gained 5% on Monday after Forward Industries (FORD) disclosed that it plans to raise $1.65 billion for a SOL treasury, backed by investment and support from Galaxy Digital, Jump Crypto and Multicoin Capital. Forward Industries has unveiled a $1.65 billion private investment in public equity (PIPE) deal to roll out a Solana-focused digital asset treasury, backed by Galaxy Digital, Jump Crypto, and Multicoin Capital, according to a statement on Monday. The company noted that Galaxy Digital and Jump Crypto will deliver infrastructure and advisory support, while Multicoin Capital will provide investment expertise.