Litecoin, Dogecoin & Solana — Asian Wrap 13 October

Litecoin price is down 5% on the month as the bulls are trying to maintain their position above the $0.50 barrier. A bearish death cross of the 8-day exponential and 21-day simple moving averages has been spotted in the last 24 hours, which spells a troublesome trajectory for Litecoin in the coming days.

Dogecoin price has lost support at the $0.06 level. DOGE price has been persistently falling under low volume after landing in oversold territory on the Relative Strength Index. Invalidation of the bearish thesis is a daily closing candle above $0.062.

Solana based Mango Markets allows users to trade crypto on Solana for spot margin and trading perpetual futures. This platform was exploited for $100 million through price manipulation and the attacker submitted a proposal on the governance platform asking the project to pay off its bad debt. 

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