Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

BTC Whales Scooping Up Algotech (ALGT) as Presale Supply Runs Out, Litecoin and Bitcoin Cash Show Volatility

Source Livebitcoinnews

Whale Alert! The global cryptocurrency market is a bunch of activities, with heavyweight tokens like Bitcoin (BTC), Litecoin (LTC), and Bitcoin Cash (BCH) experiencing price volatility while underdogs like AlgoTech (ALGT) capture the attention of major institutional crypto investors.

This is clearly the scenario playing out with Algotech (ALGT), an AI-powered DeFi project in the midst of a red-hot presale with $5.4 Million raised, and Litecoin (LTC) and Bitcoin Cash (BCH) facing price fluctuations.

AlgoTech’s Presale Attracts Bitcoin Whales

AlgoTech, a Decentralized Finance Trading Platform powered by artificial intelligence (AI) is experiencing a heavy demand surge in its ongoing “Bonus Stage” ALGT presale.

Bitcoin Whale, which are crypto investors holding a significant amount of Bitcoin (BTC), are reportedly accumulating impressive amounts of ALGT causing the token supply on the presale to dwindle as presale stages have ended, and the ALGT team releases a “Bonus Presale” stage of crypto retail investors to have an opportunity to participate in the ALGT presale.

AlgoTech’s ALGT presale has currently raised a whooping sum of $5.4 Million, and it’s on the move to hit more mouth-watering milestones. The Bitcoin Whale’s activity signifies strong confidence in AlgoTech’s technology and value proposition to the crypto community.

However, AlgoTech offers users features like automated algorithmic trading to potentially generate passive income, AI-assisted smart risk management, and personalized investment recommendations tailored to individual trader profiles.

In addition, the ALGT token boasts of its limited supply, creating a sense of scarcity and potentially driving up the demand for the ALGT token. Meanwhile early investors in the ongoing presale will reap significant rewards when the token launches on several crypto exchanges.

Litecoin and Bitcoin Cash Price Volatility

As we’ve established earlier on while AlgoTech enjoys a significant surge in demand, heavyweight altcoins like Litecoin (LTC) and Bitcoin Cash (BCH) are experiencing a period of price volatility.

Litecoin (LTC) often referred to as the “silver to Bitcoin’s gold” has in 2017 faced a massive price dump after its founder, Charlie Lee announced he was selling his remaining LTC holdings.

The sell news sparked a lot of LTC sell-offs and raised uncertainties among investors who are holding the LTC tokens, leading to short-term price fluctuations. Though, Litecoin remains a prominent player in the cryptocurrency altcoin space.

Image Source: LTC Price Chart | Tradingview

Now, LTC Price is currently trading at about $85.3 and is in what looks like a rising wedge price pattern, which is a price pattern signaling a potential sell-off incoming. If the LTC price doesn’t break through the upper slant line of the rising wedge triangle then we might see a potential short-term sell-off. It is wise for investors not to buy inside the rising wedge pattern, but buy only when the price breaks out of the rising wedge.

Meanwhile, Bitcoin Cash (BCH), a hard fork of Bitcoin is designed primarily to increase transaction throughput and has also seen a recent price swing. This recent BCH price swing is because of the news of the upcoming general election of its network’s consensus mechanism, Proof of Stake (PoS).

Furthermore, though Litecoin (LTC) and Bitcoin Cash (BCH) have established track records, these short-term price fluctuations have caused a significant change in interest among crypto investors.

Conclusion

In investment, it is common knowledge to invest in sectors or commodities where institutional investors are investing, and in crypto, where Whales are investing. AlgoTech’s ALGT presale is a testament to the potential of AI-powered solutions.

Learn more on AlgoTech’s Presale:

Visit Algotech Presale

Join The Algotech Community

The post BTC Whales Scooping Up Algotech (ALGT) as Presale Supply Runs Out, Litecoin and Bitcoin Cash Show Volatility appeared first on Live Bitcoin News.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin lost its 200-day average — but the exit started three sessions before the CPI Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Author Suzie

13 hours ago

Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.

Core CPI stuck at 0.3% for a third straight month — and BLS couldn't publish the number that would explain it October headline CPI rose 0.4% m/m against a 0.3% consensus, and core rose 0.3% for a third consecutive month against 0.2% expected. BLS published no year-on-year figures because October 2025 collection was lost to the government shutdown. Energy cooled to 0.7% from 5.2% — shelter, food and transport services did the rest. The 2-year yield jumped 18 to 21 basis points, the 10-year added 12, and the dollar closed at 102.25.

Author Irene Q.

13 hours ago

October headline CPI rose 0.4% m/m against a 0.3% consensus, and core rose 0.3% for a third consecutive month against 0.2% expected. BLS published no year-on-year figures because October 2025 collection was lost to the government shutdown. Energy cooled to 0.7% from 5.2% — shelter, food and transport services did the rest. The 2-year yield jumped 18 to 21 basis points, the 10-year added 12, and the dollar closed at 102.25.

Gold Tumbles Toward $4,000 as Hotter-Than-Expected CPI Boosts Fed Rate-Hike Bets, Bulls Eye $3,975 Support As of the Asian session on Wednesday (November 11), gold prices (XAUUSD) rebounded slightly after a sharp decline in the previous session, last trading near $4,040, up about 0.3% on the d

Author TradingKey

13 hours ago

As of the Asian session on Wednesday (November 11), gold prices (XAUUSD) rebounded slightly after a sharp decline in the previous session, last trading near $4,040, up about 0.3% on the d

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Author Mitrade

14 hours ago

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

TradingKey Daily Market Briefing: US Stocks Retreat as CPI Tops Estimates; Nvidia Falls Over 5%, AMD and Broadcom Buck the Trend On November 10, the three major U.S. stock indices edged lower. U.S. October inflation data exceeded market expectations, driving Treasury yields rapidly higher and

Author TradingKey

14 hours ago

On November 10, the three major U.S. stock indices edged lower. U.S. October inflation data exceeded market expectations, driving Treasury yields rapidly higher and

Popular Symbols