Bitcoin, Litecoin and Cardano – European Wrap 18 November

Bitcoin price has faced the brunt of many industry leaders or significant platforms going bust in the last year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective. 

Litecoin price has been performing relatively better than most other cryptocurrencies since FTX’s collapse. Despite the fluctuations in the crypto market, Litecoin has sustained its demand which is evident in the altcoin’s usage.

 

LTCUSD 8-hour chart

Cardano price has been following the broader market’s bearish cues making it difficult for the price to breach its immediate resistance level. However, certain cohorts of ADA holders are indicating a possible shift in trend, which might be appealing to bullish traders.

 

ADAUSD 4-hour chart