Ethereum price is giving up on its bid for a pre-Merge rally amid concerns over rising inflation levels. The leading smart contracts token exchanges hands slightly above $1,600, with losses expected to close below the same level on Tuesday. On the bright side, this pullback might give investors another chance to catch an anticipated Merge-triggered bullish breakout above $2,000.
Litecoin price could be setting up for a powerful move in the coming weeks. Since August’s final days, LTC has presented two alternative scenarios with entirely different outcomes. A bullish vs. bearish scenario was issued last week, which identified the ideal market behavior Litecoin price would need to display to be bullish in the short term.
MATIC price currently auctions at $0.86. The smart contract token has been in a sideways congestive zone throughout the summer after rallying 195%. The mundane price action suggests MATIC is forming a triangle. If the triangle thesis is correct, a closing candle above $1.03 could induce a 50% rally, targeting $1.30 before the year ends.