In December, Cardano (ADA) and Litecoin (LTC) could see significant gains, as analysts predict an increase in transaction volumes for these coins. According to ChangeNOW, a popular no-registration crypto exchange service, more investors are hoarding these cryptocurrencies, suggesting potential future growth.
Cardano has already seen a massive 110% increase in value in the past month, with the current exchange rate ranging from $0.39 to $0.73. The 10-day simple moving average is $0.72, indicating bullish momentum, while the Relative Strength Index stands at 76, showing strong buying interest. The nearest resistance level for Cardano is at $0.86, and the second resistance level is at $1.20.
If the bull market trend continues, Cardano could reach these levels and increase in price by more than 20% from current prices.
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<p>The post Cardano and Litecoin: December’s Pivotal Month for Gains first appeared on CoinBuzzFeed.</p>
