Ethereum Classic and Litecoin are two top cryptos that have grabbed attention in the market and are still favored by investors. Ethereum Classic works on a decentralized network and handles smart contracts, while Litecoin is a digital currency for online transactions. The market cap of Ethereum Classic is currently at $4 billion, whereas Litecoin stands at $6 billion. However, there’s a notable difference in their prices: Ethereum Classic is priced at $28 per unit, whereas Litecoin is at $84.65.
Investors in both coins are investing heavily in innovation in the e-commerce space, which is the probable leader of the industry. Pushd , a decentralized e-commerce platform, has the first-mover advantage and is a potential future leader.
Ethereum Classic – Price Head and Shoulder Breakdown
A head and shoulders pattern is a chart formation used in technical analysis to predict a reversal from a bullish to a bearish trend. The pattern consists of three peaks, with the middle peak being the highest and the two outer peaks being close in height. The formation can be seen as a baseline that connects the lows between the peaks. Recently, there was a formation of the head and shoulder pattern in Ethereum Classic which broke down on 12 April.
This is not a good sign for ETC investors. If the price follows the breakdown pattern, the correction might last longer and we can see a substantial correction in Ethereum Classic. Some Ethereum Classic investors are shifting to Pushd looking at the bearish pattern it had formed.
Litecoin: A Primer on the Digital Silver
Litecoin, often dubbed the “silver to Bitcoin’s gold,” is a peer-to-peer cryptocurrency that emerged in 2011. Charlie Lee, a former Google engineer, created it. Although it
Read more on cryptonews.com