Litecoin, the silver version of Bitcoin, currently stands at the 12th position on the global crypto charts. Its recent surge of 2.47% in the past 24 hours and an 11% increase in the last week is an indication of the crypto market’s bullish trend. The bullish rally among cryptocurrencies has led many investors to contemplate whether to invest in Litecoin or consider the fast-rising green blockchain initiative, ecoterra.
At the time of writing, Litecoin is exhibiting a bullish trend, with its native $LTC asset trading at $96.7, depicting an uptrend of 2.47% in the past 24 hours. Like other cryptocurrencies experiencing a bullish trend, Litecoin’s proof-of-work (PoW) blockchain protocol has shown an 11.13% increase in the last seven days, reflecting a positive week for $LTC. The cryptocurrency’s one-month performance has been a little moderate, with an 8.38% increase in the last 30 days. Its year-to-date (YTD) performance is up 37.97%, while it has also increased by 50.26% in the past year.
Looking at Litecoin’s technical front, we can see a strong bullish tendency building momentum around the virtual currency. The $LTC’s 50-day simple moving average (SMA) price stands at $89.31, significantly lower than its current market price. The 200-day SMA price also points to a long-term bull run, with the indicator price at $85.36. The relative strength index (RSI) shows that the $LTC asset is inclined towards the overbought zone, with the indicator figure at 63.52. Furthermore, its moving average convergence divergence (MACD) indicates a strong buy signal in line with the broader crypto market, which has risen into the green zone.
The Litecoin Foundation recently tweeted that the number of unique wallet addresses interacting with the protocol has hit 12.8 million. The significant milestone is impressive, given that the number of wallet addresses was at 9.2 million in October 2021. Additionally, Litecoin’s transactions have recently been enabled on the Venmo app, offering its millions of customers broader access to the crypto landscape.
Ecoterra: A Green Initiative to Combat Climate Change
Ecoterra is a blockchain protocol launching a green initiative to combat climate change. The project is a decentralized protocol that enables anyone to join the fight against climate change. Its unique recycle-to-earn (R2E) initiative allows users to return plastic, glass, or aluminum materials to a reverse vending machine (RVM) and, in exchange, receive rewards in the form of various cryptocurrencies.
The ecoterra platform offers a carbon offset marketplace for businesses to participate in reducing their carbon footprint. With its AI-driven tools, companies can curate a large amount of data for their customers and properly compensate them. The project provides an R2E mobile app to make the process more inclusive and subjective. Through the app, users can conveniently track their environmental impact profile from their smartphones.
In a world where a lot needs to be done to save our planet, ecoterra is a beacon many investors are turning to. The project is every ESG investor’s dream, and its native token, $ECOTERRA, has enjoyed significant growth in its presale stage. The eco-friendly token has garnered over $4.7 million, pointing to strong investor demand. Early-bird investors can easily buy $ECOTERRA on its presale website for the current price of $0.0085 before it rises to $0.01 in the next couple of hours. In a recent GemsRadar tweet, the $ECOTERRA token was listed as one of the top 10 assets in the market, demonstrating its unique appeal to several eco-focused investors.
Litecoin’s strong bullish trend and technical analysis make it an attractive investment option. Meanwhile, ecoterra’s green initiative to combat climate change makes it an appealing option for ESG investors. Both Litecoin and ecoterra are worth considering in the current crypto market.