Two cryptocurrencies that have bounced back from their critical support Crypto.com (CRO) and Litecoin (LTC) showing strength. While CRO plans to attract a wider audience from the sports and entertainment industry, LTC has recently become one of the whales’ favorite coins.
Despite the bumpy price movements, the crypto market seems to be showing a bullish outlook, according to the majority of analysts, and these two cryptocurrencies have the potential to gain 100 percent in favorable market conditions.
Will Litecoin (LTC) Price Reach $300?
Litecoin (LTC) price managed to break the bearish line of $123.45 for over 2 months due to massive whale accumulation, and crypto analytics platform Santiment has observed aggressive accumulation by whales. Previously, addresses holding 10,000 to 1 million LTC had collectively accumulated 5 percent of the LTC supply in September, after which the asset had increased from $150 to $300, making a massive 100 percent gain.
However, the current whale interest is 9.9 percent higher than the September accumulation, and the resulting uptrend has pushed the LTC price up more than 13 percent weekly to its current price of $149.63. Still, the altcoin’s bullish potential is rather murky due to huge resistance barriers.
Multiple collaborations and upgrades on the platform could force the price to break past the critical resistances at $160 and $225 and retest $280.
Will Crypto.com (CRO) Price Go To $1?
Crypto.com (CRO) The price showed a tangible jump from the level of around $ 0.4221, where it was yesterday, and increased by about 12 percent to $ 0.4724. There seems to be no major hurdles on the way for the asset and it just needs to surpass the $0.6273 resistance to reach $1 in the super cycle.
Cryptocurrency exchange CRO had gained over 500 percent in December after an attempt to rebrand the Staples stadium as the Crypto.com arena. Now the platform is getting ready to distribute NFT tickets so people can enter its newly branded stadium.
As NFT ticketing has such a wide variety of use cases, the project is expected to have a breakthrough impact on the industry. NFT ticketing, especially in the sports and entertainment industry; It improves profitability, solves ticket ownership issues, and helps pre-financing events. As such, internet users and the crypto community seem pretty bullish on CRO as it may be the first platform to bring crypto into the mainstream through NFTs.
To sum it up, Litecoin and CRO prices seem to be rising at the same time and these rises are expected to continue. However, Litecoin, a fairly old cryptocurrency in the crypto industry, has had a few other developments lately that will affect its price. Reaching a record $3.79 billion transaction volume on-chain on January 11, the altcoin also plans to grow in the esports industry like CRO by teaming up with Nefarious. If the aforementioned factors remain unchanged, a 100 percent rise seems inevitable.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.