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

FXStreet Team FXStreet

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.

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Aave Price Forecast: AAVE surges as capital flows return to DeFi

Aave (AAVE) extends its rally, trading above $81 on Thursday after closing above its key resistance and surging more than 10% the previous day. The bullish move is supported by improving on-chain metrics, with USDT deposits flowing back into the protocol and strengthening its lending ecosystem.

Crypto Market Overview: Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

XRP Price Forecast: Ripple and SBI Group partner to launch RLUSD in Japan

Ripple remains under pressure, trading at $1.06 after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency on Thursday, but the move failed to lift sentiment.

Ethereum Price Forecast: ETH could see a 30% decline if history repeats

Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics. The ETH Realized Price Lower Band, which has historically marked bear market bottoms for the top altcoin, suggests ETH has room for further downside before staging a proper upward move.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.