Cryptocurrencies Price Prediction: Cardano, Shiba and Litecoin–American Wrap 9 February [Video]
|Cardano price screams “buy” ahead of bullish breakout
Cardano price action has been extremely bullish over the past two weeks. From the January low at $0.92 to the most recent high at $1.26, Cardano has gained an impressive 37%. The recent pullback from $1.30 has not resulted in a bearish continuation move. Instead, a new buying opportunity has been presented.
Shiba Inu to enter the metaverse and challenge Axie Infinity, Sandbox, and Decentraland
Shiba Inu developers announced the Dogecoin-killer’s entry into the metaverse, posing as a rival to Axie Infinity, Sandbox and Decentraland. Analysts predicted a Shiba Inu price rally with the rising demand for the memecoin.
Litecoin price into breakout zone as bulls flock in
Litecoin (LTC) price underwent a short correction yesterday after bulls faced a double hurdle with the intersection of the red descending trendline with the monthly R1 resistance level. Buyers got pushed out of the breakout zone but have made a comeback today with some global market tailwinds in their corner, and they are trying to break the downtrend since November.
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