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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 this winter, two coins have emerged as dark horses that could potentially ride the wave of growth. I’m referring to Litecoin (LTC) and VeChain (VET), both of which are showing signs of life and could be poised to make significant gains in the coming weeks.
Firstly, let’s take a closer look at VeChain. Despite a recent 30% dip in the past week, VET has still managed to rise by an impressive 22% over the past month and a whopping 67% over the past six months. This remarkable growth is further underscored by the oversold indicators that are currently flashing red. The Relative Strength Index (RSI) stands at a paltry 29.10, while the Stochastic Oscillator is a lowly 21.03 – this suggests that selling pressure may be easing and we could see a rebound in the near future.
Furthermore, VeChain’s recent price action has taken on an increasingly bullish tone, with the asset trading between $0.0500 and $0.0693. These levels, while currently bearish, present attractive buying opportunities for those looking to capitalize on the potential upside. In fact, should momentum shift in favor of VET, it could potentially test resistance levels at $0.0790 and $0.0982.
Next, we have Litecoin (LTC). Similar to VeChain, LTC has not been immune to the recent market downturn, dropping by over 20% in a week’s time. However, when viewed through the lens of longer-term trends, the picture looks far more rosy. Over the past month, LTC has actually managed to rise by nearly 10%, and its growth over the past six months stands at an impressive 27%. As such, the asset’s current price action could be seen as a buying opportunity for those seeking to capitalize on any forthcoming market reversal.
In addition, the technicals are also looking increasingly bullish. The RSI has plummeted to a mere 29.10, while the Stochastic Oscillator is similarly low at 21.03 – both of these indicators suggest that we may be witnessing the end of selling pressure and potentially the start of a new uptrend.
Lastly, I would like to emphasize that for those considering investing in either Litecoin or VeChain, it’s essential to have a reliable platform from which to execute trades. ChangeNOW is such a platform, boasting an impressive 900+ supported cryptocurrencies, no limits on transaction volumes, and even the option to purchase crypto using a bank card.
In conclusion, while neither of these assets has been immune to recent market volatility, their respective price actions and technicals suggest that both Litecoin and VeChain could be poised to make significant gains in the coming weeks.
Source: blockonomi.com
