Avalanche Drops, Litecoin Faces Resistance, Borroe.Finance Passes $1.1 Million

Avalanche’s ($AVAX) market performance succumbs to bearish pressure, leaving its holders in panic. Elsewhere, Litecoin’s rising popularity on Bitpay is helping $LTC’s efforts to break above its current resistance. 

Meanwhile, Borroe.Finance ($ROE) seems to be in the green zone as its popularity skyrockets beyond expectations. $ROE’s numbers have been impressive, but can they make it one of the top crypto coins over $AVAX and $LTC? Let’s discuss.

Avalanche holders panic as $AVAX drops below $10

The market slump of early September has taken a drastic toll on many top altcoins, including Avalanche. Despite Avalanche’s relatively high network activity, it faces significant bearish pressure in the market. 

The $AVAX token has fallen below double digits following the market downturn. $AVAX was trading at $10.37 on August 28. On September 1, the market slumped, causing $AVAX to fall by 4.3% to $9.92. 

The market fell after the SEC asked Spot Bitcoin ETF applicants to wait until October for its response. Investor sentiment for networks like Avalanche ($AVAX) dropped sharply after the news. Avalanche’s partnerships in the DeFi sector have been rising. Yet, they have been unable to help Avalanche’s ($AVAX) market prospects. 

Even worse, the effects of the market slump on Avalanche don’t seem like waning any time soon. As of September 18, $AVAX was trading at $9.20. Yet, investors expect $AVAX to drop to $9.01 due to Avalanche’s current bearish momentum.

Litecoin ($LTC) struggles to break above $65

Although affected by the crash of September 2023, Litecoin’s ($LTC) network performance has been high. Likewise, Litecoin’s investor sentiment has risen steadily, giving $LTC enough momentum to start a recovery. 

$LTC was trading at $63.01 on September 1 after the market crash. It recovered by 4.7% to $66.00 on September 15. However, $LTC dropped by 3.6% to $63.58 on September 17.

The resilience of $LTC is probably due to Litecoin’s skyrocketing market performance. By August 27, Litecoin’s usage on Bitpay had surged by over 50%. Now, some analysts say Litecoin’s strong network performance could mean it’s finally becoming a worthy challenger to Bitcoin.

While Bitcoin remains the largest cryptocurrency, Litecoin’s reliability as a payment provider has increased in the past few months. As of September 18, $LTC was…