A leading cryptocurrency analytics firm says a wealthy whale is rapidly accumulating Cardano (ADA) and Litecoin (LTC).
Santimento To tell Cardano may be underrated given that whales and sharks grab onto it.
Is Cardano grossly undervalued at this point? We are certainly seeing that it is accumulating in
Around Santimentothere is a divergence between ADA prices and stocks, indicating bullish sentiment.
I think there is a discrepancy between prices and whale activity. Bullish.
ADA sales are also slowing.
There are signs that sellers are exhausted. Every time the price drops significantly, fewer and fewer coins are losing money. Bullish.
According to Santiment, a volume gap on the daily chart could be an uptrend signal.
We are approaching the area of closing the volume gap. At these levels, we may expect significant buying. Bullish.
As of this writing, ADA is trading at $0.247.
Santimento analysis Litecoin found that the price ratio of Bitcoin (BTC) alternatives is still increasing against Wang’s assets. Bitcoin to Bitcoin price ratio is the amount of Litecoin required to buy 1 Bitcoin. The increase in the ratio is consistent with the increase in large holders and addresses.
The Litecoin-to-Bitcoin price ratio has remained strong since May when large addresses started appearing at historic rates. Since June 12, the LTC/BTC price ratio has been +130. % up.This network hits more than 1,000 LTC addresses, the most in two years.”
Litecoin is worth $66.17 at the time of writing.
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