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Cryptocurrency News Articles

Cardano, Litecoin, and VeChain Show Promise Amidst Market Surge

Nov 10, 2024 at 04:01 am

The crypto market is experiencing a surge, with Bitcoin reaching new highs and altcoins following suit. The total market capitalization of cryptocurrencies

Cardano, Litecoin, and VeChain Show Promise Amidst Market Surge

The crypto market is experiencing a surge, with Bitcoin reaching new highs, and altcoins following suit. The total market capitalization of cryptocurrencies, excluding Bitcoin, has crossed the $1 trillion mark for the first time since March 2024.

Among the rising altcoins, Cardano (ADA), Litecoin (LTC), and VeChain (VET) have attracted particular attention. Transaction volumes for these coins have spiked on platforms like ChangeNOW, a registration-free exchange that is popular among both savvy investors and large holders who prioritize fund security. This trend suggests that investors are accumulating these assets, hinting at strong growth potential for the future.

Cardano Gains Momentum: Bulls Eye $0.377 Resistance Level

Cardano (ADA) has shown significant price movement recently, rising nearly 21% over the past week and around 28% in the past month. Currently trading between $0.319 and $0.355, it is edging closer to its nearest resistance level at $0.377. With the Relative Strength Index (RSI) at a balanced 52, the market is neither overbought nor oversold, indicating stable conditions.

Should this upward momentum continue, Cardano may approach the $0.377 level, with a possible extension to the next resistance at $0.413—an increase of about 17% from its current price. For those exploring new crypto assets, ChangeNOW provides an option to acquire Cardano with ease, requiring no registration and offering transparent pricing.

Litecoin Gains Momentum as Bulls Eye $77 Resistance Level

Litecoin has been exhibiting upward momentum, with its price climbing almost 13% over the past month and nearly 4% in the past week. Currently trading in the low sixties to low seventies, Litecoin is nearing its resistance level at $77. If it surpasses this point, the next potential target is $87, indicating a significant percentage increase. Indicators like the Relative Strength Index (RSI) suggest a positive trend.

For those exploring Litecoin as an option, ChangeNOW offers an accessible way to acquire it with transparent pricing and no registration required.

VeChain Shows Signs of Recovery Amidst Bullish Momentum

VeChain (VET) has been showing signs of recovery, with its price fluctuating between $0.018 and $0.022 and a gain of over six percent in the past week. The Relative Strength Index (RSI) sits around 50, indicating a balanced market, while the Stochastic indicator at 67 suggests a potential upward trend. Additionally, a positive MACD level hints at possible continued growth.

Should this trend persist, VeChain could approach its nearest resistance at approximately $0.025, indicating an increase of over ten percent from its current level. For those considering VeChain, current indicators suggest promising conditions.

Conclusion

Investing in Cardano, Litecoin, and VeChain offers unique opportunities for traders and investors. Whether it's a platform for decentralized apps (Cardano), faster transactions (Litecoin), or improving supply chain management (VeChain), these coins cater to diverse needs.

And for those considering these coins, there's no better platform than ChangeNOW. It lets users exchange, buy, or sell these cryptocurrencies without hidden fees, and there's no need for registration, enhancing security by not storing user funds. Plus, with support for over 900 cryptocurrencies, no limits on transaction volumes, and the ability to purchase crypto using a bank card, ChangeNOW offers a convenient and secure way to engage with the crypto market.

News source:cryptodaily.co.uk

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