Cryptocurrencies made a strong comeback in August, after the crash in May/June due to the crackdown on cryptos in China, but the crackdown has continued all over the world, which turned the market quite bearish in the last two months. Although, the selling seems to be over as sellers seem exhausted and cryptos have been giving signs in the last few weeks that they want to reverse higher. Litecoin is finding support at $140 while Fantom is reversing higher today, so let’s have a look at these two digital currencies.

Litecoin Daily Chart – Can LTC Reach $300 Again in Early 2022?

Litecoin has potential and has been gaining ground in the mainstream as the number of merchants accepting LTC increases, as does liquidity. Litecoin is one of the most liquid cryptocurrencies in the digital market. The volume is the number of coins that investors bought or sold in the last 24 hours, measuring liquidity. For Litecoin, the volume comes at 7.8 million coins, with a value of $ 1.1 billion. The partnership with Visa to bring the Litecoin Visa debit card should further increase liquidity.

Litecoin LTC Live Chart

But, this hasn’t helped Litecoin much. It missed most of the gains that the crypto market has made since September. Even the surge early in November which took the price to $300, abated pretty fast and LTC lost more than half its value at it fell to $120 during the flash crash early this month. But, the support stood at $140 which has been holding for nearly a month now. If something can’t go down then it will go up, so LTC/USD is starting to reverse higher now. If the sentiment improves in the market, there are decent chances for this altcoin to get back to $300 in the early months of 2022, so this is not a bad place to start buying Litecoin.

Fantom Daily Chart Analysis – FTM Will Break Above Resistance at $2.50 Soon

Fantom reversing higher today to close 2022 bullish

Fantom has been really bullish from August until November, unlike Litecoin, but it suffered a major pullback during November, enduring heavy losses as the sentiment turned negative in the crypto market. The price retreated from $3.48 to $1.20 but the 200 SMA (purple) turned into a great support indicator for FTM/USD. That moving average held on three attempts and FTM turned bullish eventually last week, surging to $2.45, which means a 100% gain.

Although, the resistance at that zone stopped the climb on Monday, but the pullback lower has been weak. The price didn’t reach the next support at $2 and now it is already reversing higher again, showing buying pressure. Fantom and Avalanche which are Layer1 blockchains have been attracting interest s Ethereum gas fees remain high, which has helped increase the total value locked for these two cryptos, with the TVL amount standing at more than $6 billion for Fantom. So, FTM will continue to remain bullish and pullbacks lower to the support levels should be seen as good opportunities to buy Fantom coins.