Aave (AAVE) and Litecoin (LTC) Could See a Pullback Amid Skyrocketing Social Volume, Crypto Analyst Ali Martinez Warns

A popular crypto analyst has issued a warning about Aave (AAVE), a top decentralized lending protocol built on Ethereum (ETH).

Aave (AAVE) is getting battered by crypto traders after a popular analyst sounded the alarm on the top decentralized lending protocol.

The trader, known as Ali Martinez, tells his 98,500 followers on the social media platform X that social volume and positive sentiment around Aave’s native token are skyrocketing.

“Everyone’s talking about AAVE, and it seems like the crowd is getting bullish on the token. As we all know, markets usually move against popular sentiment, which could be hinting at aave a brief pullback on the horizon.”

AAVE, the 34th-ranked crypto asset by market cap, is trading at $384.85 at time of writing.

Next up on Martinez’s radar is Litecoin (LTC), which the analyst says is “irrelevant, both fundamentally and technically.”

According to Martinez, Litecoin hasn’t added anything substantial to the crypto industry in terms of innovation. He also points out that Litecoin creator Charlie Lee sold all of his coins at the top of the 2017 bull market.

“If the fundamentals don’t convince you, the technicals should. Litecoin is trading at the same price today as it did in 2017. That’s seven years of going nowhere.

In an industry that’s defined by innovation and growth, LTC stands out as a project that’s stuck in time. It hasn’t made a new all-time high since 2017 and has been consolidating in the same range since then.

Now, to be fair, there might be potential for a short-term pump here or there, but that’s purely speculative. If I’m putting my money in crypto, I’d rather back projects with innovation, strong fundamentals and a clear future – not a relic of the past.”

LTC, the 26th-ranked crypto asset by market cap, is trading at $123.07 at time of writing.

Finally, Martinez updates his outlook on the real-world asset (RWA) project Ondo Finance (ONDO), saying that the crypto asset is seeing an uptick in exchange inflows, which could lead to price volatility.

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