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UNI, ADA and LTC Price Analysis for March 4

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Thu, 4/03/2021 - 15:20
UNI, ADA and LTC Price Analysis for March 4
Cover image via www.tradingview.com

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A short-term drop may have begun on the cryptocurrency market as all coins from the top 10 list are in the red zone.

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Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The important statistics for Uniswap (UNI), Cardano (ADA) and Litecoin (LTC):

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Uniswap 

UNI

$9,067,742,728 $28.93 $1,364,192,658 7.23%

Cardano

ADA

$36,946,611,342 $1.14 $5,498,613,366 -8.76%

Litecoin

LTC

$12,312,385,465 $184.51 $5,708,464,692 -5.37%

UNI/USD

Uniswap (UNI) is the only gainer today as the rate of the altcoin has risen by 7.23% since yesterday.

UNI/USD chart by TradingView
UNI/USD chart by TradingView

According to the daily chart, Uniswap (UNI) is about to retest the peak at $33 as bulls have accumulated enough power.

card

If bears do not keep that level, there are quite high chances to see a breakout, followed by a rise to $35.

UNI is trading at $28.84 at press time.

ADA/USD

Cardano (ADA) is the main loser today as the rate of the third most popular crypto has declined by almost 9%.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Despite the price drop, Cardano (ADA) is rather more bullish than bearish in the short-term case. The coin has made a false breakout at the level of $1.118 having confirmed the weakness of sellers. In this regard, the asset may come back to the resistance at $1.33 within the next few days.

Cardano is trading at $1.17 at press time.

LTC/USD

Litecoin (LTC) is the second loser today as the "digital silver" could not come back to the bullish area.

LTC/USD chart by TradingView
LTC/USD chart by TradingView

However, bulls' long-term dominance has not been broken yet, which means that buyers still have the strength to make a retest of the closest resistance level at $203.

Litecoin is trading at $185 at press time.

 
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