Crypto.com (CRO) and Litecoin (LTC) showed strength as they bounced off the critical support. Whilst CRO plans to drag the traction of a larger audience from the sports and entertainment industry, LTC was whales’ favorite coin in recent times.
In general, the crypto market appears to be showcasing a bullish outlook, and these two coins have the potential to achieve 100% gains.
Will Litecoin (LTC) Price Hit $300?
Litecoin (LTC) price managed to break a bearish streak of over 2 months at $123.45 owing to the huge whale accumulation. Crypto metric platform Santiment observed an aggressive accumulation by whales. Addresses with 10k to 1 million LTC have collectively accumulated a total of 5% of LTC supply. The asset was then enjoyed whopping gains of 100% from $150 to $300.
However, it is 9.9% more than the September accumulation. The resulting uptrend has propelled the LTC price by 11.44% to its current price of $142.05. Yet the altcoin’s upward potential is fogged due to huge resistance barriers.
As the platform is coming up with numerous collaborations and upgrades, it may push the price to surpass the critical resistances of $160, and $225 to retest $280.
Crypto.com (CRO) price has displayed a tangible bounce near $0.4221, surging by 2.88% reaching $0.4886 at the press time. The asset has no significant barriers on the road ahead, it needs to bypass the resistance of $0.6273 to shoot $1 in the supercycle.
However, after the platform’s initiative to rebrand Staples stadium to Crypto.com arena, it has enjoyed over 500% gains in December. Whilst it is prepping for distributing NFT tickets to enter its new rebranded stadium.
The project would take the space by storm, as NFT ticketing has vast use cases. Especially in the sports and entertainment industry, NFT ticketing helps to increase profitability, issues ticket ownership, and pre-financing events. Hence, netizens are going crazy over CRO, as it may become the first platform to take crypto mainstream through NFTs.
Collectively, Litecoin and CRO prices appear to be moving up with the same phase. Litecoin has enjoyed a record break on-chain transaction volume of $3.79 billion on 11th January. It is also planning to expand in the esports sector like CRO by joining its hands with Nefarious. If the above factors remain unabated then a 100% upswing looks mandatory.
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