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Cryptocurrency News Articles
Litecoin (LTC) and VeChain (VET) Catch Investors' Attention as Holiday Season Approaches
Dec 15, 2024 at 09:00 am
As the holiday season approaches, seasoned altcoins are catching investors’ attention. According to ChangeNOW, transaction volumes for Litecoin and VeChain have grown.
Seasoned altcoins are grabbing investors’ attention as the holiday season approaches. According to ChangeNOW, transaction volumes for Litecoin and VeChain have surged.
ChangeNOW, a registration-free cryptocurrency exchange service, is particularly popular among large investors, known as whales, who prioritize fund safety. The increase in transactions on ChangeNOW suggests that investors are accumulating these coins, which could lead to future price growth.
While the broader cryptocurrency market has experienced turbulence this year, some altcoins have managed to rally and deliver substantial gains. Among them, Litecoin (LTC) and VeChain (VET) have stood out with their strong performance and potential for further growth. Both coins are available for hassle-free purchase on ChangeNOW.
After a recent 11% pullback, Litecoin’s price shows resilience
Despite experiencing a recent 11% dip this week, Litecoin’s price has surged over 50% in the past month. The coin recovered swiftly from the recent downturn and currently trades around the 10- and 100-day moving averages, indicating stability.
Technical analysis reveals a Relative Strength Index (RSI) close to the neutral point and a positive Moving Average Convergence Divergence (MACD), both suggesting bullish momentum. If Litecoin manages to break past the resistance at $164, it could pave the way for a further ascent towards the next resistance at $196, offering gains of over 20%.
On the other hand, if the price drops below a crucial support level, it could lead to a sell-off. However, at the moment, the nearest support is just above $100, suggesting a solid base.
Traders are keeping a close eye on the possibility of a breakout above the current resistance, which could signal continuation of the bullish activity.
For those looking to capitalize on Litecoin’s potential, a reliable exchange is key. Among the options available, ChangeNOW provides a hassle-free platform for buying and swapping Litecoin, offering no registration and fast transactions.
Moreover, users can purchase crypto on ChangeNOW using a bank card for added convenience. The exchange supports over 900 cryptocurrencies and offers the best rates, making it an ideal choice for traders at any level.
Highlighting the ease of use, a spokesperson for ChangeNOW stated, "If you're looking to buy LTC quickly and easily, without sacrificing security, then look no further than ChangeNOW. We offer a hassle-free platform for buying and swapping Litecoin, with no registration and fast transactions. Plus, we support over 900 cryptocurrencies and provide the best rates – whether you're a beginner or an experienced trader, ChangeNOW has got you covered."
VeChain’s recent dip may signal the next bullish move ahead
VeChain (VET) has experienced a slight drop, with a 1-week price change of -12%, bringing the RSI to 41. Despite this, over the past month, VET’s price has soared by nearly 120%, indicating strong bullish momentum.
The coin recovered swiftly from the recent downturn and currently trades within a narrow range, sandwiched between $0.0488 and $0.0839. Both the 10-day and 100-day simple moving averages (SMAs) are close, converging around $0.0588.
If VET manages to break through the resistance at $0.09, it could pave the way for a further ascent towards the next resistance at $0.10. Breaking through this point could open up opportunities for even higher price targets.
However, technical analysis also indicates a slight negative MACD, suggesting the market is consolidating before a potential upward move. If the price drops below a crucial support level, it could lead to a sell-off.
For investors eager to seize VeChain’s potential, ChangeNOW makes it easy to buy and swap this coin with no registration, no hidden fees, and quick transactions, ensuring a seamless experience for traders at any level.
In conclusion, both Litecoin and VeChain offer unique opportunities for investors this Christmas. Litecoin provides fast and low-cost transactions, appealing to those seeking efficiency. VeChain focuses on improving supply chains through blockchain, attracting interest from businesses and traders alike.
For those considering investing in these coins, ChangeNOW stands out as an excellent platform. It allows users to exchange, buy, or sell these 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 offering the option to purchase crypto using a bank card, ChangeNOW makes trading accessible and straightforward.
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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