As Bitcoin rockets ahead in a rally fueled by heightened market enthusiasm and “extreme greed,” other major cryptocurrencies like Cardano (ADA) and Litecoin (LTC) are struggling to keep pace. While BTC surges to new heights, ADA and LTC have shown relatively modest gains, leaving some holders wondering if they’re missing out. According to ChangeNOW, a platform for exchanging cryptocurrencies without registration, transaction volumes for ADA and LTC have increased. This suggests that savvy investors and large holders, who prioritize the safety of their funds, are accumulating these coins, indicating potential future growth.
Cardano Gains Momentum as Bulls Push ADA Toward Key Levels
Cardano has seen a strong price increase of nearly 27% over the past week, currently trading between $0.32 and $0.35. Market momentum is clearly on the side of the bulls, driving Cardano toward the next resistance at around $0.38. If this level is surpassed, the price could target $0.41, offering a potential gain of approximately 16% from current levels. Technical indicators like a MACD level of 0.015 suggest continued positive momentum, although the RSI above 75 indicates overbought conditions.
For those monitoring these movements, Cardano’s setup hints at further potential. Platforms like ChangeNOW allow for straightforward access to Cardano, with no need for registration or hidden fees, making it easy to engage with the market.
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Litecoin Shows Bullish Signs with Potential Upside Ahead
Litecoin is displaying promising bullish signals, trading between $63 and $72 with recent upward movement—about 3% in the past week and 8% over the last month. The Relative Strength Index (RSI) sits around 52, pointing to a stable trend, while a low Stochastic value near 19 suggests the asset may be oversold, which could indicate building bullish momentum. With prices currently above the 100-day moving average at approximately $69, Litecoin may approach its next resistance level around $78 if this trend continues, with a further potential target near $87, representing a possible upside of over 20%.
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Conclusion
In summary, Cardano and Litecoin present distinct opportunities for investors and traders in the cryptocurrency market. Cardano focuses on building a sustainable and advanced blockchain platform, while Litecoin offers quicker transaction confirmations and greater efficiency compared to Bitcoin. For those considering transactions with these coins, ChangeNOW is an excellent choice. It enables users to exchange, buy, or sell cryptocurrencies without hidden fees or the need for registration, enhancing security by not storing user funds. Supporting over 900 cryptocurrencies, with no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW provides a convenient and user-friendly platform.
The post Cardano (ADA) & Litecoin (LTC) Lag Behind Bitcoin’s Greed-Driven Rally—Should Holders Be Concerned? appeared first on ETHNews.
