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Cryptocurrency News Articles
Cardano, Litecoin, and Cosmos Are Poised for Significant Movement in the Cryptocurrency Market
Nov 24, 2024 at 12:42 pm
Data from ChangeNOW, a platform for exchanging cryptocurrencies without registration, shows increased transaction volumes for these coins. Used by savvy investors and large holders concerned about fund safety, the growing activity suggests an accumulation phase and hints at potential future growth for these assets.
Cryptocurrency market data from ChangeNOW, a platform for exchanging cryptocurrencies without registration, reveals increasing transaction volumes for Cardano (ADA), Litecoin (LTC), and Cosmos (ATOM). This activity suggests an accumulation phase among savvy investors and large holders concerned about the safety of their funds.
Cardano (ADA) is showing strong signs of bullish activity. Over the past week, its price has surged by over 35%, and nearly 40% in the past month. The current price hovers around the higher end of its recent trading range, approaching the nearest resistance level at $7.55. Breaking through this could see the price aim for the next resistance at $9.38, representing a significant potential increase.
Technical indicators also support this bullish momentum, with the MACD showing a positive crossover and the RSI indicating continued buying pressure. Those interested in Cosmos can access it on ChangeNOW without registration and no hidden fees.
Litecoin (LTC) is showing signs of bullish momentum. Over the past week, its price has increased by 8.79%, and in the past month, it’s up by 28.11%. The current price is around $90, above both the 10-day and 100-day simple moving averages of $90.25 and $87.90.
Technical indicators suggest a positive trend, with the RSI at 52.05 and the MACD level at 0.6467, both indicating bullish momentum. If this continues, Litecoin could test the nearest resistance level at $112, representing a potential increase of about 24%. Further growth might see it reach the second resistance at $139, a possible gain of around 54%.
Those interested in Litecoin can trade it on ChangeNOW with no registration and no hidden fees.
Cardano (ADA) is showing strong bullish activity, with its price increasing significantly over the past month. The cryptocurrency has seen a one-week price change of 49% and a one-month surge of 136%. The Relative Strength Index stands at 60.54, indicating positive momentum.
The current price hovers between $0.54 and $0.84, approaching the nearest resistance level at $0.98. If the bullish trend continues, ADA could test this resistance and potentially climb towards the second resistance level at $1.28. The Simple Moving Averages also support this outlook, with the 10-day SMA at $0.87 above the 100-day SMA of $0.78. Overall, the market data suggests that bulls are currently influencing Cardano’s price movement.
Those interested in Cardano can access it on ChangeNOW with no registration and no hidden fees.
Investors and traders have unique opportunities with Cardano, Litecoin, and Cosmos, each showing promising potential. For those looking to engage with these coins, ChangeNOW offers an excellent platform to exchange, buy, or sell them without hidden fees or the need to register.
By not storing user funds, ChangeNOW enhances security. It supports over 900 cryptocurrencies, has no limits on transaction amounts, and allows crypto purchases using a bank card.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- SAND, MANA, and AXS Prices Pump – Are Metaverse and Gaming Narratives Waking Up?
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