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Title: Litecoin and VeChain: Two Dark Horses Of Crypto World For Winter Bull Run?
As the cryptocurrency market prepares for a potential bull run in the winter season, two coins have emerged as surprise contenders for substantial growth: Litecoin (LTC) and VeChain (VET). According to recent reports from ChangeNOW, a reliable platform that facilitates transactions without registration or hidden fees, transaction volumes are increasing for both assets. This surge in activity suggests that investors and traders are accumulating these coins, potentially hinting at future growth.
VeChain’s recent dip of 30% over the past week has led to oversold conditions, with its Relative Strength Index (RSI) registering at 29.10 and Stochastic Oscillator at 21.03. These indicators suggest that selling pressure may be easing, opening up the possibility for a rebound. With support levels at $0.0406 and resistance points at $0.0790 and $0.0982, VeChain could potentially test these targets if momentum shifts.
On the other hand, Litecoin has seen its price range between $103 and $136 recently, experiencing an over 20% drop in the past week. Despite this downturn, it is still up nearly 10% from a month ago and 27% over the past six months. The RSI of Litecoin sits at around 30, implying that it may be close to becoming oversold.
The nearest support level for Litecoin is set at $85, while resistance is expected at $153. If its price moves upwards, it could potentially reach this resistance level, representing a substantial increase of approximately 25% from current levels.
Both VeChain and Litecoin provide compelling opportunities for investors and traders looking to capitalize on the upcoming winter bull run. With ChangeNOW’s user-friendly platform and commitment to security, these coins can be easily integrated into any investment portfolio.
Source: blockonomi.com
