Price Analysis

A Best Buying Opportunity For Cardano & Litecoin Price!!

news-image
Highlights

    As the market has just flipped to the recovery mode, Cardano and Litecoin price signals a buy

    The assets are poised for a major breakout with a huge margin and are likely to propel high close to ATH soon

With the crypto markets marking a decent recovery, most of the tokens have flipped the bearish divergence. Major cryptocurrencies including Bitcoin, Cardano, Ethereum, Litecoin, etc have bounced back from the strong support levels multiple times. ADA price in the upcoming bull run could add up nearly 60% whereas LTC price is poised to jump nearly 40%.

The Cardano price bottomed to $1.22 levels, yet reversed the pattern and healing strong to attain $1.3 levels. The bounce from $1 levels secures these zones as highly important support levels as the price bounced multiple times from these levels.

 Currently, the ADA price can either spike close to $2 followed by a drop to $1.5. Else plunge after hitting $1.5 to lower support levels and eventually tank more after a substantial bounce from $1. However, the price is poised to rally more than 90% in the coming days towards the ATH.

adapc

On the other hand, Litecoin price shed more than 60% but failed to recover the losses until the press time. The LTC price kept sliding down forming more lower lows and eventually hit the bottom levels around $106. Despite a significant recovery, the price yet requires a substantial boost to hit the immediate resistance levels around $147 and later at $183. 

ltcchart

The trading volume has depleted, yet the Cardano price appears to be poised to hit $2 soon. On the other hand, Litecoin price is trending at the lower levels signalling a pretty good opportunity to buy.

Tags
Show More

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.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Related Articles

Back to top button
Close
Close