The post Will December Be The Month For Solana And Litecoin To Skyrocket? Here’s What Analysts Say appeared on BitcoinEthereumNews.com.

December might be a crucial month for Solana and Litecoin, with analysts predicting significant gains. According to ChangeNOW, the transaction volume for SOL and LTC has increased. ChangeNOW, a no-registration crypto exchange service, is popular among savvy investors and whales who prioritize fund safety. The rising transactions suggest investors are accumulating, hinting at potential future growth for these coins. Bullish Momentum Drives Solana Toward Key Resistance Levels Solana (SOL) is showing strong bullish momentum, with its price rising over 10% in the past week and more than 40% over the past month. Currently trading around its ten-day simple moving average and above the hundred-day average, the trend appears positive. The Relative Strength Index is above 60, indicating continued upward movement, while the MACD is in positive territory. If this trend persists, Solana could test the next resistance level at $253 and potentially reach the higher resistance near $314, representing a significant increase from current prices. It can be acquired on ChangeNOW without registration and no hidden fees. ChangeNOW – Swap Crypto Simple, Fast, Free of Custody 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…

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Filed under: News - @ November 18, 2024 1:13 am