Sushiswap, Litecoin & Shiba Inu — Asian Wrap 17 January

SUSHI price is reacting to the bullish momentum observed in the broader market as the altcoin rose to monthly highs on Monday. Going forward, this rise is expected to continue, given SushiSwap’s focus on becoming the market-leading decentralized exchange (DEX) this year.


Litecoin price has more bullish potential up its sleeve as bulls hone in on key levels above. Still, risk management should be the focus for investors looking to enter the trend. Litecoin price continues to challenge retail bears as the peer-to-peer digital currency is up 23% on the month. Last week, the LTC price conquered 12 bullish grounds by breaching November’s monthly high in the process.


Shiba Inu price has witnessed an impressive rally throughout January. Still, caution may need to be exercised as larger time frames do not show the ideal bullish signals. Invalidation of the bearish thesis is a breach above $0.00001516.