Top 4 Altcoins That Defy The FTX Fiasco – TWT, LTC, GMX, CHZ

The price action displayed by top altcoins in recent times has yet to be encouraging with the market's erratic price movement after a cascading effect suffered by FTX led to many altcoins, including the price of Ethereum (ETH), battling for survival. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market has yet to make a major move.

Timeline of Chiliz, Gmx, Litecoin, Trust-wallet-token

The untimely collapse of FTX and its sister company Alameda has had far-reaching implications on the cryptocurrency market. As investors go back on the drawing board, they may consider assets like Dash 2 Trade (D2T), Trust Wallet (TWT), RobotEra (TARO), Chiliz (CHZ) and Calvaria (RIA). These crypto assets could offer relief from the mess left behind by the FTX debacle.

Popular fan token CHZ has printed substantial gains in the last week as football fans prepare for 2022's world cup event. As of writing, the token is trading at a 2.20% gain on the day.

Chiliz CEO reveals what it will take for the perfect marriage between blockchain and the sports industry. Investors can expect something interesting from CHZ's performance in the coming month.

Litecoin price analysis suggests a downward movement to $54 The closest support level lies at 57.50 LTC faces resistance at the $60.00 mark The Litecoin price analysis shows that the LTC price action was rejected at the $60.00 level and has moved down toward the $56.00 support level.

A leading analytics firm is keeping a close watch on Trust Wallet Token (TWT) after the mid-cap altcoin skyrocketed 143% within seven days. TWT is the native asset of Trust Wallet, a non-custodial app that allows users to have full control over their crypto assets.

The exponential rally in Trust Wallet Token prices stalled at the $2.5 resistance. However, the daily chart shows several long-wick rejection candles, and reducing volume indicates the prices trigger a bearish reversal.

Litecoin price analysis is revealing a bearish trend for today as a further decrease in price has been observed. LTC prices are down by almost 2.18% in the last 24 hours and are currently trading at the $57.33 mark.

A cryptocurrency that now has nearly $1 billion in market capitalization, the Trust Wallet Token ($TWT), has been bucking the bearish trend that hit the cryptocurrency space in the wake of FTX's collapse with a surge of over 130%. According to data from CryptoCompare and TradingView, Trust Wallet Token's price moved from around $1.

Litecoin (LTC) price has declined but managed to hold above the 50-day moving average line. It is now capped between the moving averages. The 21-day line SMA is currently being retested or breached by Litecoin, which price is rising.

Despite current market conditions, the official Trust Wallet token (TWT) has posted impressive gains in the last 7 days. TWT saw an impressive rise of over 97% on its week-on-week chart.