Ethereum

Cardano

Litecoin

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 <p>A popular crypto trader thinks Ethereum (ETH) competitor Cardano (ADA) could be mimicking price movement from a past market cycle and primed to surge soon.</p>
 <p>The crypto analyst Ali Martinez tells his 32,800 followers on the social media platform X that ADA’s current consolidation trend “eerily mirrors” the asset’s 2018-2020 phase if the 2020 COVID-19 price crash is ignored.</p>
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 <p><em>“If so, ADA could break through the $0.45 resistance around the first week of December. The upswing could send ADA to $0.75 by late December.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_CYaYRXMAA7iu9?format=jpg&amp;name=4096x4096" alt="Image" width="2837" height="1581">
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   Source: Ali Martinez/X
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 <p>A pump to $0.75 would represent a more than 100% increase for ADA, which is trading around $0.372 at time of writing.</p>
 <p>The 9th-ranked crypto asset by market cap is up more than 51% in the past month but still remains 88% down from its all-time high of $3.09, which it hit in September 2021.</p>
 <p>In terms of other crypto assets, Martinez also points out that peer-to-peer payments network Litecoin (LTC) saw its biggest spike in daily activity ever this week, with the project registering more than 1 million LTC transactions on Tuesday.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_EYugyXUAAaT-F?format=jpg&amp;name=4096x4096" alt="Image" width="2850" height="1372">
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   Source: Ali Martinez/X
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 <p>LTC is trading at $71.20 at time of writing. The 18th-ranked crypto asset by market cap is down 4% in the past 24 hours but remains up by more than 14% in the past month.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-says-cardano-could-be-mirroring-past-cycle-predicts-ada-could-surge-100-by-late-december-tbt70752.html">https://thebittimes.com/crypto-trader-says-cardano-could-be-mirroring-past-cycle-predicts-ada-could-surge-100-by-late-december-tbt70752.html</a></p>

Crypto Trader Says Cardano Could Be Mirroring Past Cycle, Predicts ADA Could Surge 100% by Late December

TheBitTimes

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