- The price of the ADA crypto is down by 86% from the all-time high price, while the LTC is down by 80%.
- For the last 30 days, both the crypto have traded in green for 12 days.
About Litecoin and Cardano
Litecoin (LTC) offers faster transaction times and lower fees for everyday transactions and merchant payments. Founded by Charlie Lee, it aims to improve upon Bitcoin’s limitations.
Cardano (ADA), led by Charles Hoskinson, prioritizes sustainability and scalability with its PoS consensus. ADA powers governance and smart contracts on its blockchain.
Price Data Comparison Of Litecoin And Cardano
The Cardano crypto price is trading at a level of $0.4487 while the LTC crypto’s CMP is $83.35.
The value of the traded volume for the Cardano has declined by33% over the last 24 hours following which the Litecoin’s traded volume has also witnessed a decline of 34.8%. This shows a decline in the trading activity in both the cryptos.
If we further look at the price volatility, both cryptos seem stable as the price volatility of the cryptos is medium. Despite this, the sentiment of Litecoin is bullish while Cardano’s sentiment is bearish as per CoinCodex.
What Do Technical Charts Say About LTC and ADA?
If we compare the technical charts of the LTC and ADA, both the prices are at a pause and are trading in a range. This could be a sign of accumulation in the price of the crypto.
![LTC](https://themarketperiodical.com/wp-content/uploads/2024/06/image-7-1024x470.png)
ADA and LTC Crypto Daily Price Chart | Source: Tradingview
If we focus only on the ADA crypto price, the price of the crypto is trading stagnant and has declined below the rising wedge pattern. Moreover, the price is currently taking support at crucial levels, and if it slips to the lower levels, a strong decline in the price might be witnessed.
The LTC price further seems to be moving towards the higher level followed by a rising wedge pattern. If the price of the crypto further breaks above the pattern followed by a strong surge in the trading volume, a strong surge in the trading price of the crypto might be seen.
Summary
Although both the crypto’s trading volume is at a decline and both have declined by more than 50% from their all-time highs, the LTC crypto price shows higher potential to advance to higher levels which might be followed by a strong breakout in the trading price of the crypto.
Considering the technical levels of the LTC crypto, it might face resistance at the levels of $109.00 and $120.0 followed by support levels of $67.0 and $78.40.
If we further look at the daily chart of the ADA crypto, the support levels are $0.240 and $0.400 followed by the resistance of $0.6200 and $0.810.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.