• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cryptocurrency Analysis: Recovery Signal for Cosmos, Growth Potential for Cardano and Litecoin

user avatar

by Giorgi Kostiuk

a year ago


Market observers are forecasting significant movements in Cosmos, Cardano, and Litecoin this January, as these cryptocurrencies show signs of robust momentum. Recent technical analysis points to possible bullish trends fueled by network upgrades, partnerships, and growing user adoption.

Cosmos (ATOM) Recovery Signals

Cosmos (ATOM) has seen a modest uptick of 6.6% over the past week, trading between $6.43 and $7.86. Despite a significant dip of 35% in the last month, the token is showing signs of recovery. The RSI hovers near 32, indicating it’s close to oversold territory. If bullish momentum continues, ATOM could test the nearest resistance at $8.38 and potentially reach the second resistance level at $9.81.

Litecoin: Potential After Decline

Litecoin’s price has recently moved between just over $100 and around $120. Over the past month, it has decreased by nearly 24%, but it has increased by over 50% in the past six months. The nearest support level is $90.80, and the nearest resistance is at $128. The RSI is at 38.76, indicating it’s approaching oversold territory. If Litecoin breaks above $128, it could reach the next resistance at $147.

Cardano: Signs of Bullish Momentum

Cardano’s price is currently in the $0.91–$1.20 range, showing a 17% increase over the past week. The Relative Strength Index is at 41.68, suggesting the market is approaching neutral territory. The price is moving toward the nearest resistance level at $1.30, and if it breaks this, it could reach the second resistance level at $1.59. The 6-month price change stands at 149%, indicating significant growth potential.

Cosmos, Cardano, and Litecoin offer unique possibilities for investors. Cosmos improves connectivity between different blockchains, Cardano is known for innovative features, and Litecoin provides fast transactions with low fees.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Ledger Launches Permissioned DEX to Boost Institutional Adoption

chest

The XRP Ledger has activated the Permissioned DEX amendment to enhance compliance for institutional trading.

user avatarKenji Takahashi

Australian Executive Faces Sentencing for Selling Cyber Tools to Russia

chest

Peter Williams, an Australian executive, pleaded guilty to selling sensitive cyber tools to a Russian broker, raising concerns about intelligence security among Five Eyes allies.

user avatarMaria Fernandez

Cardano Sees Significant Drop in Project Launches

chest

The Cardano network has seen a significant decline in project launches since 2021, raising concerns about future development and focusing on long-term adoption.

user avatarGustavo Mendoza

Potential Fractal Pattern Offers Hope for Ethereum's Recovery

chest

A fractal pattern suggests a potential for a larger breakout in Ethereum's price movement, indicating a transition from accumulation to markup.

user avatarRajesh Kumar

Grayscale Boosts Cardano Holdings Despite Price Drop

chest

Grayscale Investments has increased its allocations to Cardano (ADA) despite a price drop, indicating renewed interest from institutional and retail investors.

user avatarMiguel Rodriguez

Ethereum Market Shows Signs of Cooling as Temperature Approaches Cold Levels

chest

Recent analysis by Alphractal indicates that Ethereum's market temperature is nearing cold levels, suggesting a potential for long-term accumulation.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.