Bitcoin's (BTC) Record Run Spurs Bullish Moves in Key Altcoins Including VeChain (VET) and Litecoin (LTC)

Bitcoin's remarkable ascent to new highs is creating ripple effects across the crypto market, sparking bullish moves in a number of leading altcoins.

Bitcoin’s record-breaking ascent to new highs is having a ripple effect on the rest of the crypto market, leading to bullish moves in several key altcoins. Among those that are showing strong performance in response to Bitcoin’s rally are VeChain (VET) and Litecoin (LTC).

According to data from ChangeNOW, a cryptocurrency exchange service without registration, there have been increased transaction volumes for VET and LTC. This suggests that savvy investors and large holders, who are concerned about the safety of their funds, are using ChangeNOW to acquire these altcoins.

This could indicate an accumulation phase for VET and LTC, which may bode well for their future growth.

VeChain (VET) Shows Signs of Reversal Amid Oversold Conditions

VeChain is currently trading within a narrow price range, showing signs of consolidation following recent declines. The cryptocurrency has been in a bearish phase, with a noticeable drop of over 60% in the past six months. However, technical indicators are hinting at a possible shift.

The Stochastic oscillator is at a low level, suggesting oversold conditions that may precede an upward move. If bullish momentum builds, VeChain could test its nearest resistance level around $0.025, potentially notching a significant percentage increase from its current price.

For those watching this potential reversal, VeChain’s setup could indicate a favorable entry point. Platforms like ChangeNOW provide a straightforward way to acquire VeChain with no registration or hidden fees, offering an easy path for users to enter the market.

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Litecoin (LTC) 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%.

For those watching these market indicators, Litecoin’s setup hints at positive momentum. ChangeNOW offers an easy, registration-free way to access Litecoin, with no hidden fees for a straightforward transaction experience.

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Conclusion

In conclusion, VeChain and Litecoin present unique opportunities for investors amidst Bitcoin’s impressive performance. These altcoins have shown strong potential and may yield significant returns. For those interested in trading these coins, ChangeNOW offers a valuable platform.

It allows users to exchange, buy, or sell cryptocurrencies with no hidden fees or the need for registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW provides flexibility and convenience for all users.

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