Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Crypto Analyst Issues Aave Alert, Updates Outlook on Litecoin and Ondo Finance

Crypto Analyst Issues Aave Alert, Updates Outlook on Litecoin and Ondo Finance

Daily HodlDaily Hodl2024/12/13 16:00
By:by Daily Hodl Staff

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

The trader 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. 

“With the crowd’s growing focus on AAVE, a brief pullback might be on the horizon, as markets often move against popular sentiment.”

Crypto Analyst Issues Aave Alert, Updates Outlook on Litecoin and Ondo Finance image 0 Source: Ali Martinez/X

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

Turning to Litecoin, Martinez says that LTC is “irrelevant, both fundamentally and technically.” The analyst argues that Litecoin hasn’t added anything significant to the crypto industry in terms of innovation.

“And let’s not forget: [Litecoin creator] Charlie Lee famously sold all his Litecoin at the top in 2017. If the creator doesn’t believe in his project enough to hold it, why should I?

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

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

Sure, there’s potential for a short-term pump here or there, but that’s purely speculative. If I’m putting my money into 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.

Martinez also updates his outlook on the real-world asset (RWA) project Ondo Finance ( ONDO ), which he says could soon be dealing with some price volatility amid increased crypto exchange inflows.

“Historically, every spike in exchange inflows has triggered both price corrections and surges. Watch out!”

Crypto Analyst Issues Aave Alert, Updates Outlook on Litecoin and Ondo Finance image 1 Source: Ali Martinez/X

ONDO is trading at $1.96 at time of writing. The 64th-ranked crypto asset by market cap is up nearly 11% in the past 24 hours.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix


Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04