Cardano (ADA) and Litecoin (LTC) Show Signs of Potential Major Upward Movements

Cryptocurrency exchange service without registration ChangeNOW reports increased transaction volumes for Cardano (ADA) and Litecoin (LTC), despite recent price drops for both coins. This activity suggests that investors are accumulating these coins, anticipating future growth.

Both ADA and LTC are available on ChangeNOW with no registration and no hidden fees. Interested parties can easily swap, buy, or sell ADA and LTC on the platform.

Cardano (ADA) price has surged over the past month, offering investors an opportunity to capitalize on its strong momentum.

According to data from CoinGecko, ADA price movements have ranged between $0.76 and $1.22 over the past 30 days. At the time of writing, ADA trades at $1.12, presenting a 34% increase from the opening price of $0.84.

Chart: ADA price 30-day price movements (Source: CoinGecko)

After encountering initial resistance at $1.08 on March 10, ADA price dropped to $0.98 before recovering and surging to $1.22 on March 13. Following this peak, ADA’s price faced difficulties and began to decline, reaching $1.02 on March 16.

However, the price quickly rebounded, closing at $1.11 on March 17. After experiencing slight morning fluctuations, ADA price settled at $1.12 by press time.

Technical indicators on a 1-day chart suggest that ADA price is poised for further growth. The Relative Strength Index (RSI) currently stands at 40, indicating room for upward movement before reaching overbought territory.

Moreover, the 10-day simple moving average (SMA) is positioned at around $0.96, while the 100-day SMA is at approximately $1.01, both of which are below the current price.

Cardano price 1-day technical indicators (Source: TradingView)

Overall, the technical signals point to positive momentum for ADA, setting the stage for potential price increases.

Litecoin (LTC) price has also experienced significant price movements over the past month. According to data from CoinGecko, LTC price has surged over 34% during this period.

Chart: LTC price 30-day price movements (Source: CoinGecko)

Opening at $79.68 on March 1, LTC price quickly surged to $83 on March 2, where it faced initial resistance before dropping to $78 on March 4. Following this brief setback, LTC price recovered and began to rise steadily.

On March 10, LTC price encountered another resistance level at $102, prompting a slight price decrease. However, this decline was short-lived, and LTC price resumed its upward trajectory, reaching a peak of $108 on March 13.

After encountering difficulties at this high price, LTC price began to decline, reaching $90 by March 16. Despite this setback, LTC price managed to rally once again, closing at $102 on March 17. After experiencing morning fluctuations, LTC price settled at $107 at the time of writing.

Technical indicators on a 1-day chart present a mixed picture for LTC price. The Relative Strength Index (RSI) currently stands at 38, suggesting that it is approaching oversold territory.

Additionally, the stochastic oscillator reads 28, indicating that it is also approaching oversold levels. However, the Moving Average Convergence Divergence (MACD) level is negative, indicating bearish momentum.

Despite these signals, the recent price surge hints at bullish influence. If the upward momentum continues, LTC price could test the second resistance level at $119, presenting a notable potential increase from current levels.