What’s Behind Whale Moves? Uncover Why Ethereum, Monero, and Litecoin Are Leading Choices

Large crypto investors, known as “whales,” are increasingly favoring Ethereum, Monero, and Litecoin. According to ChangeNOW, a popular platform for anonymous crypto exchanges, transaction volumes for these coins have surged. This trend suggests that investors might be in a phase of accumulating these digital assets, hinting at potential future growth.

Ethereum Eyes Resistance as Bulls Push Prices Upward in Short-Term Rally

Ethereum’s price is on the rise, trading between $2350 and $2550, with a notable increase of nearly 10% in the past week and over 11% this month. The nearest resistance level sits just above at around $2630, and if the bulls maintain momentum, Ethereum could reach this level soon. The next significant barrier is near $2820. Support levels are found at approximately $2250 and $2060, providing a safety net. Technical indicators like the RSI and Stochastic are in neutral territory, suggesting room for growth. If the upward trend continues, Ethereum could see a substantial percentage increase from its current position, providing a buying opportunity on ChangeNOW, a custody-free platform that requires no registration.

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Monero Gains Momentum as Bulls Target Key Resistance Levels

Monero’s price is climbing, hovering between $143 and $154. In the past week, it has gained over 5%, showing strong upward movement. The next obstacle for buyers is the $160 resistance level. If the price breaks through this, it could reach $172, offering significant potential gains. The Relative Strength Index is near 70, indicating increased buying interest. Despite this, the price is below the 10-day and 100-day moving averages, suggesting there is still room for growth. This setup appears favorable for those looking to purchase Monero, which can be done on ChangeNOW without registration or hidden fees.

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Litecoin Gains Over 13% in a Week: Bulls May Be Taking the Lead

Litecoin (LTC) has seen its price climb between $62 and $67 recently, marking an impressive weekly gain of over 13%. The Relative Strength Index (RSI) stands near 56, suggesting growing bullish momentum. With the current price approaching the resistance level at $70, a breakthrough could pave the way towards the next resistance around $75. This represents a potential further increase from current levels. Additionally, the low Stochastic value of about 18 indicates that there may be room for continued upward movement. The convergence of these factors suggests that the market sentiment is turning positive for Litecoin. For those interested, purchasing Litecoin is possible on platforms like ChangeNOW, offering quick transactions without registration or hidden fees.

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Conclusion

Ethereum, Monero, and Litecoin offer distinct advantages for investors and traders. Ethereum is known for its smart contract capabilities, offering flexibility and innovation. Monero stands out with its privacy features, attracting those who value confidentiality. Litecoin provides faster transaction times, making it appealing for quick exchanges. For anyone interested in these cryptocurrencies, ChangeNOW is a great choice for transactions. The platform lets users exchange, buy, or sell these coins without hidden costs or registration. This boosts user security, as their funds aren’t stored. Supporting over 900 cryptocurrencies, ChangeNOW also has no limits on transaction volumes. Users can easily purchase crypto using a bank card, enhancing accessibility and convenience in the trading experience.