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Cryptocurrency News Articles
FOMC Decision: Litecoin (LTC) Path to $100, ADA’s Price at a Crossroads, Is IntelMarkets (INTL) the Next Crypto Gem?
Sep 20, 2024 at 06:00 am
The Federal Open Market Committee (FOMC) is about to make a decision that could send shockwaves through the financial world. With a rate cut widely anticipated, experts are predicting a bullish surge for top cryptocurrencies like Litecoin (LTC) and Cardano (ADA).
The Federal Open Market Committee (FOMC) is set to make a decision that could send shockwaves through the financial world. With a rate cut widely anticipated, experts are predicting a bullish surge for top cryptocurrencies like Litecoin (LTC) and Cardano (ADA).
But the real game-changer could be a newcomer: IntelMarkets (INTL), an AI-powered trading platform poised for a staggering 1212% increase. It is a revolutionary platform that uses AI to outsmart the market and drive massive gains. Let’s zoom in further.
FOMC Decision: Litecoin’s (LTC) Path to $100
Boasting a speedier blockchain and lower transaction fees compared to other cryptocurrencies, Litecoin (LTC) still ranks among the top 20 cryptocurrencies by market capitalization. There’s a rising buzz about its potential thanks to its low transaction fees of around $0.01 and the possible introduction of Litecoin ETFs.
Looking ahead, thoughts on the price of Litecoin (LTC) differ. Some experts anticipate a calm year, with prices remaining reasonably constant. This could indicate Litecoin (LTC) entering a consolidation period as its gains are cemented.
Others, however, believe Litecoin (LTC) will have a more thrilling and volatile future. According to Elliott wave analysis, in terms of trading, the LTC/USD pair may rise to its prior high of $68.00 in the following week.
Furthermore, it is anticipated that the Federal Open Market Committee (FOMC) will declare a rate decrease during its meeting on September 17–18, 2024. There is a good chance that the Federal Reserve will lower the federal funds rate by a good margin. If this occurs, the broader crypto market will see significant gains, paving the way for Litecoin (LTC) to reach $100.
ADA’s Price at a Crossroads: Fed Decision Holds the Key
A dramatic decline in the number of active addresses is putting pressure on the price of Cardano (ADA). After reaching a six-month high of 54,800 addresses on September 6, the count has dropped to only 24,900, indicating a sharp decrease in user activity.
This decrease comes despite ADA’s recent rise of $0.34. However, a bearish MACD divergence suggests that a drop towards $0.30 may occur soon. The $0.33 mark has significant liquidity, which could lead to a potential decrease in ADA’s price.
Today, the Federal Reserve is expected to drop its benchmark interest rate for the first time since the Covid-19 outbreak began. A lowering in the central bank’s federal funds rate acts as a benchmark for other borrowing rates across the economy.
Although investors have long anticipated that move, they have been unable to forecast the exact size of the decrease, with some estimating a 0.5% reduction and others a 0.25% one. If this occurs, Cardano’s (ADA) price trajectory might reverse, and the cryptocurrency could rise sharply to $1.
Is IntelMarkets (INTL) the Next Crypto Gem? Massive Gains Potential
In addition to Cardano (ADA) and Litecoin (LTC), which are predicted to have enormous price rallies following the FOMC rate cut, IntelMarkets (INTL) is set to lead the way with gains of 1212%.
It is an AI-powered trading platform that analyzes more than 100,000 data points for smarter trading and provides real-time insights using blockchain technology powered by AI. Additionally, for better market access, IntelMarkets (INTL) provides trading robots.
Rapid market analysis and identification of the best entry and exit points are provided by this AI-robot, called Intelli-M technology. Conversely, Autopilot Trading Robots are enabled by Rodeum AI to execute trades according to user-specified risk and leverage. With each transaction, these machines get better and adjust to the shifting market.
Priced at only $0.018 in Stage 2, IntelMarkets (INTL) presents a fantastic opportunity with launch gains of up to 1,000% anticipated. In aセールトークunseen for any Web3 project, IntelMarkets (INTL) has already sold more than 10% of its tokens in its presale, raising over $300k.
The prices in the following round are anticipated to skyrocket, making it the best time to invest.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- The most recent FOMC meeting set the stage for Bitcoin's price jump of 4.42% to $62,605. The committee, in releasing the first quarter monetary policy statement, decided to reduce interest rates by 50 basis points, which influenced the market positively.