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Renowned cryptocurrency <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> Ali Martinez suggests that Cardano (<a href="https://en.coin-turk.com/a-promising-growth-cardanos-blockchain-event-and-adas-celebration/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a>), considered as the biggest smart contract platform rival to Ethereum (ETH), may be mimicking the price movement of a past market cycle and could experience a sharp rise soon. The analyst also points out that the network activity of popular altcoin Litecoin (LTC) has significantly increased.
<h2 style="text-align: justify" id="strong-analyst-expects-a-major-surge-of-over-100-in-ada-strong">Analyst Expects a Major Surge of Over 100% in ADA</h2>
<a href="https://en.coin-turk.com/bitcoin-price-prediction-analyst-reveals-bold-target-for-bitcoin-in-2023/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency</a> analyst Martinez stated that disregarding the market crash caused by the COVID-19 pandemic that paralyzed the world in 2020, the current consolidation trend of ADA is eerily similar to the 2018-2020 phase. According to Martinez, if such a situation occurs, ADA’s price could surpass the $0.45 resistance in the first week of December and reach up to $0.75 by the end of that month.
<img decoding="async" class="aligncenter size-full wp-image-278438" src="https://coin-turk.com/wp-content/uploads/2023/11/Cardano-ADA-Altcoin-2-scaled.jpeg" alt="" width="2560" height="1427">
The popular altcoin is currently trading at $0.372. A rally to $0.75 would represent a more than 100% increase.
Ranked 9th in terms of market capitalization, Cardano has experienced over 51% growth last month but is currently priced 88% below its all-time high of $3.09 reached in September 2021.
<h2 style="text-align: justify" id="strong-ltc-network-activity-is-increasing-strongly-strong">LTC Network Activity is Increasing Strongly</h2>
Looking at Litecoin (LTC), a peer-to-peer payment network, after ADA, analyst Martinez highlights that the altcoin’s daily activity has significantly increased this week, marking the largest increase so far. The analyst notes that over 1 million transactions were conducted on the Litecoin network on November 14th.
<img decoding="async" class="aligncenter size-full wp-image-278439" src="https://coin-turk.com/wp-content/uploads/2023/11/Litecoin-LTC-Altcoin-scaled.jpeg" alt="" width="2560" height="1232">
LTC is currently trading at $71.20. Ranked 18th in terms of market capitalization, the cryptocurrency has experienced a significant increase of over 14% since last month, despite a 4% drop in the past 24 hours. Continue Reading: <a href="https://en.coin-turk.com/analyst-expects-a-major-surge-of-over-100-in-ada/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/analyst-expects-a-major-surge-of-over-100-in-ada/</a>

Analyst Expects a Major Surge of Over 100% in ADA

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