NewsPrice Analysis

Dogecoin and Litecoin Price Surge, Cardano Price Flips to a Bullish Trend


    Dogecoin price surges more than 10%, heading strongly towards the previously lost levels

    Litecoin price sustains above $230 levels, the target is currently set around $250 levels.

    Cardano price on the other hand is steadily rising to flip the loss into profits and initiates recording a jump of 0.85%

The crypto market is currently painted green with the most dominant crypto Bitcoin hit the highest levels above $53K and created history. On the other side, Ethereum is on the verge to smash the $2000 milestone anytime from now. 

The global market capitalization has crossed $1.62 trillion with a magnificent rise of 3.14%. The bitcoin price at the time of writing is $52623 with an increase of 1.77% and the Ethereum price is $1934 with a jump of 0.86%.

Dogecoin(DOGE) Price Surges Nearly 10.46%

Dogecoin price gained immense attention in the past week which escorted the asset into the top 10 cryptocurrency list. The interpreted CEO of dogecoin Elon Musk also attempted hard rally the price further but was partially successful.

DOGE price

The DOGE price had hit levels above $0.6 in the early trading hours, however, plunged below the levels later. Yet successfully maintained above the $0.05 till now and expected to gain bullish momentum to bounce back to the previous levels.

At the time of writing, the dogecoin price is $0.05641 with a jump of nearly 10.79% in the last 24 hours after a plunge of nearly 14.67% in the past seven days. Despite the slight pullback, the RSI levels are rising steadily towards the upper resistance levels indicating a bullish trend.

Technical Specifications

  • The current resistance levels are formed at $0.06288
  • The support levels are formed at $0.0504, if it fails to sustain, the next strong support levels are formed at $0.04753

Litecoin(LTC) Price above $230 

As Coinpedia earlier reported the reasons for the Litecoin price surge, the asset appears to have followed the suit. The LTC price has plunged mercilessly a couple of days before dragging the price below $200. Yet recovered in no time offering the traders another ‘buy at the dip’ opportunity.

LTC price

Nevertheless, the price flipped the bearish divergence to rally hard and attain the present levels above $230. The price currently seems to be poised to smash the current ATH at $375.29 in the coming days.

The litecoin price at the time of writing is $231.28 with a jump of nearly 0.68% in the last 24 hours after a massive 27.05% in the past week. The RSI levels are also trending in a decent range without being overbought or oversold. Hence a slow yet steady surge may be expected n the coming days.

Technical Specifications

  • The resistance levels are formed at the yearly highs at $239.7
  • The support levels are formed at $223.86
  • The indicators point out towards a ‘buy’ signal

Cardano(ADA) flips the bear’s cartel

Cardano price was the only asset painted in red despite the bull run of a majority of the assets in the crypto space. The ADA price rally had secured its place in the top 5 cryptocurrencies yet trembles down to the sixth place.

ADA price

Before the Binance coin rally, ADA price had entered the top 5 yet again but BNB rallied hard and attained third spot pushing ADA out of the top 5. Yet the asset is self-assured to smash the target set at $1 very soon.

The ADA price was experiencing a heavy drain out in price since the last working day. However, the price entered the recovery mode since the early trading hours and successfully flipped the bearish divergence. 

At the time of writing, the Cardano price is $0.94 with a jump of 1.47% in the past 24 hours. The rising RSI levels indicate a bullish momentum which may rally the price above $1.

Technical Specifications

  • The resistance levels are formed at $0.9812
  • The support levels are formed at $0.8241
  • The indicators point out a ‘strong buy’ signal.
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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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