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DailyBubble News

OP, MATIC, LTC Plunge to Bear Market Lows

Despite recent market declines, mid- and micro-cap altcoins like Optimism (OP), Polygon (MATIC), and Litecoin (LTC) are showing signs of a potential recovery. This could be a good time to consider buying during this downturn.

These altcoins are approaching a key support trendline retest, which has historically marked the bottom of the bull cycle for cryptocurrencies outside the top 10 by market cap.

Optimism (OP) has seen a significant drop in value recently, now priced at $1.83. Analysts are optimistic about OP, predicting its value to reach $2 by mid-2024 and at least $3 by the end of 2025.

Polygon (MATIC) is currently trading at $0.55, down 10% in the past 24 hours. Despite recent challenges, the platform is introducing a significant upgrade called Polygon 2.0, aimed at decentralizing the system. Experts are cautious in predicting MATIC’s future performance, with some expecting a steady rise in value over the next few years.

Litecoin (LTC) is currently priced at $73.34, a 5.84% decrease in the last 24 hours. Despite processing 6 million additional transactions recently, the coin has experienced a 12% drop in value over the past month. There are predictions for a potential recovery for LTC in the upcoming week, with various scenarios for its price movements in the short term.

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