Cardano Price Nears Bullish Zone at $0.75 as Charles Hoskinson Confirms Litecoin Partnership

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Cardano Price Nears Bullish Zone at $0.75 as Charles Hoskinson Confirms Litecoin Partnership - CoinGape

Quick Summary:

Media comments surrounding ADA swung into positive territories after Founder Charles Hoskinson confirmed speculations of a in DeFi partnership between Cardano and Litecoin.

Cardano price opened trading at $0.74 on Monday, May 19, with the 24-hour upper wick pressing against the 7-day average.

How could social sentiment swing impact ADA price in the week ahead? Cardano (ADA) Flashes Breakout Signals after 3-day Consolidation Cardano (ADA) price showed tepid price action, stalling around $0.75 over the weekend, while rivals Ethereum and Solana scored considerable gains to reclaim the $2,550 at $170 respectively. Further emphasising the blip in investor interest, the Coingecko data below shows that ADA’s 24-hour trading volume declined from $934 million on Friday, to hit the lows of $620 million on Monday.