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



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.



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