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

Cardano price opened trading at $0.74 on Monday, May 19, with the 24-hour upper wick pressing against the 7-day average. Media comments surrounding ADA swung into positive territories after Founder Charles Hoskinson confirmed speculations of a in DeFi partnership between Cardano and Litecoin. 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.  Cardano price action, ADAUSDT | Source: Coingecko This shows that Cardano’s sideways price movement over the weekend is attributed to a decline in market activity over the... Read More at Coingape.com

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