Bullish Outlook for Cardano (ADA), Litecoin (LTC), and Monero (XMR) in October

Saturday, 14 September 2024, 12:05

Cardano (ADA) and Litecoin (LTC) are primed for a bullish October, attracting investor attention. Monero (XMR) is also showing signs of potential gains. Recent transaction data indicates a positive accumulation phase for these cryptocurrencies, making them attractive options for traders seeking investment opportunities this month.
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Bullish Outlook for Cardano (ADA), Litecoin (LTC), and Monero (XMR) in October

Cardano (ADA) Gains Momentum as Bulls Eye Key Resistance Levels

Cardano is bouncing back, trading between $0.31 and $0.35. The price has recently seen a 9% weekly rise, suggesting bullish momentum. ADA faces its first resistance at $0.37, but if bulls break through, reaching $0.40 seems likely. This could mean a 14% hike from current levels. Support remains strong at $0.29, offering a safety net if the price dips. The RSI sits near 51, showing a neutral market, but recent growth hints at more upside potential.

Bulls Show Subtle Strength in Litecoin Market

Litecoin has seen a slight drop of around 3% this week, but there’s still room for optimism. The current price is hovering between the high fifties and mid-sixties. Bulls could be eyeing the next resistance at around $71, with a further target beyond $80. The short-term moving average suggests some positive momentum. Indicators show Litecoin is quite active, hinting that it might break out of its funk.

Monero’s Bullish Run Shows Promise with Solid Gains on the Horizon

Monero (XMR) is catching the eye of investors with its promising price movements. Currently ranging between $164 and $178, XMR has shown a nearly 16% increase in the last month. Monero is riding above two key simple moving averages, indicating steady growth. The next major resistance sits at $184, with more room to climb towards $198, offering potential for a 20% increase.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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