As Bitcoin breaks records daily, other cryptocurrencies like Litecoin and Monero are showing steady growth. According to ChangeNOW, a registration-free cryptocurrency exchange used by savvy investors and large holders, transaction volumes for BTC, LTC, and XMR have increased. This surge suggests investors are accumulating these coins, potentially signaling significant future growth.
Bitcoin’s Bullish Run Continues with Strong Price Gains
Bitcoin is on a strong upward trajectory, with prices currently hovering near $91,000. Over the past week, the cryptocurrency has surged by 18.96%, and over the past month, it has climbed by 34.72%. The nearest resistance level is at $92,498, while the nearest support level is at $81,659. The 10-day and 100-day Simple Moving Averages are $90991 and $88878, respectively, indicating sustained momentum. The Relative Strength Index stands at 59.52, suggesting bullish market sentiment.
With the potential to reach the next resistance level at $104,918, Bitcoin may see further growth. These trends indicate that bulls are currently influencing the market. BTC is available for trading on ChangeNOW with no registration and no hidden fees.
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Litecoin Shows Strong Gains as Bulls Push Toward Key Resistance Levels
Litecoin has seen significant growth recently, with its price increasing over 19% in the past week and nearly 24% in the past month. Currently trading between $67.90 and $81.77, Litecoin is approaching its nearest resistance level at $86.98. Technical indicators like the Relative Strength Index at 65.48 and a positive MACD suggest bullish momentum. However, the Stochastic indicator at 88.10 signals overbought conditions.
If the bulls maintain control, the price could test the second resistance level at $101, potentially reaching triple digits. A move to this level would represent a substantial percentage increase from current prices. Market watchers are closely observing whether Litecoin can sustain this upward trajectory. Litecoin is available on ChangeNOW with no registration and no hidden fees.
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Monero (XMR) Shows Signs of Bullish Momentum Amid Market Fluctuations
Monero is currently trading between $155 and $168, approaching its resistance level at $174. Despite a recent weekly drop of about 11%, the cryptocurrency has gained over 9% in the past six months. The Relative Strength Index is around 57, indicating moderate buying pressure. The price is above both the 10-day and 100-day Simple Moving Averages, which are at $144 and $148 respectively.
If Monero surpasses the $174 resistance, it could target the next level at $187, representing a potential increase of approximately 12%. These indicators suggest that bulls may be gaining influence in the market, pointing towards possible growth in Monero’s value. XMR is available on ChangeNOW with no registration and no hidden fees.
Conclusion
As Bitcoin reaches new heights daily, Litecoin and Monero offer promising opportunities for investors and traders looking to benefit from the bullish market. Each of these cryptocurrencies brings unique features that cater to various investment preferences. For those considering transactions involving these coins, ChangeNOW serves as an excellent platform.
It enables users to exchange, buy, or sell 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 engaging with the crypto market straightforward and accessible.
Also Read: Memecoins Are Making Millionaires Again This Bull Run! — Top 5 Tokens to Supercharge Your Portfolio
Disclaimer and Risk Warning
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