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Price Prediction: Litecoin, Algorand & Polygon — Asian Wrap 25 May

Price Prediction: Litecoin, Algorand & Polygon — Asian Wrap 25 May
FXStreet TeamFXStreet TeamFXStreet

Litecoin price targets $80 as contrarian bulls step in

Litecoin price action is prepping for a sharp rally to $80 to counterbalance the time-consuming triangle pattern. Litecoin price is developing subtle bullish cues that could catch bearish traders off guard. The market conditions have been very mundane for the Litecoin price since the initials sell-off on May 12. 

Algorand price is in its final decline towards $0.36

Algorand price is still declining since the steep decline into lows at $0.36 on May 12. The ALGO price action's time-consuming market behavior appears to form a C wave ending-diagonal pattern, which means the downtrend will soon end. 

Investors are disappointed in Polygon Networks' MATIC price for these reasons

MATIC price hints at further drops in the coming days as the Polygon Network is in a make-or-break phase. MATIC price is steadily falling to start this week's trading session. The self-proclaimed Ethereum transaction solution coin gained notoriety in early 2021 for its cheap and fast transaction fees.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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