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Litecoin [LTC] soars up by 9.03%; Cardano [ADA] follows the lead, surges by 8%

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Litecoin [LTC] soars up by 9.03%; Cardano [ADA] follows the lead, surges by 8%
Source: Unsplash

Litecoin [LTC], silver to Bitcoin [BTC]’s gold and the seventh-largest cryptocurrency soars by a massive 9% amidst the bear run, while Cardano [ADA] shoots up by 8%.

The prices for Litecoin in the one-day chart clearly shows a ton of volatility influx, as the prices are seeing massive spikes. Litecoin started trading at ~$32 on November 30, 21:44 UTC, although the prices fell in the next few hours to $31.47. This was followed up by a quick recovery which plunged the prices to a high of $32.34. The prices at this point took one last dip to $31.52 and then decide to shoot all the way up to $34.64.

Source: CoinMarketCap

The 24-hour trade volume of Litecoin is at $445.77 million and ~21% [$102 million] of the total trade volume comes from DOBI trade exchange in trading pair LTC/BTC. DOBI trade exchange is followed by OKEx exchange that contributes a total of 10.97% in total, with trading pairs LTC/BTC and LTC/USDT.



The prices for Cardano, the 10th largest cryptocurrency by market cap, started trading at $0.0384 at 21:49 UTC on November 30, just like Litecoin, the prices took a plunge from this point and reached $0.0380. The prices continued more or less the same until December 1, 13:24 UTC, post which the prices started to shoot and reached $0.0414. The prices corrected at this point and rallied again to reach a high of $0.04174 at 21:44 on December 1.

Source: CoinMarketCap

The trade volume for a 24-hour time frame for ADA is holding at $19.52 million, off which $10 million [~41%] is contributed by ZBG exchange with trading pair ADA/USDT. ZBG is followed by Binance which contributes 25.81% in trading pairs ADA/USDT and ADA/BTC.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Altcoins

WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order

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WAVES/BTC hits a dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
Source: Pixabay

Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.

Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.

Source: TradingView

As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.

Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted



“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”

Another user @BITCVIX tweeted:

TradingView commented on this matter saying:

“Something strange is always happening in the #crypto market”





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