The cryptocurrency market is expanding fast, despite the decline in value at the moment. The DeFi and DApps sectors have taken on a life of their own and different blockchains are making upgrades to adapt to the new environment, which brings real-life use-cases to these cryptocurrency networks. Cardano made the most important update in September last year, while Litecoin is making its biggest upgrade now, although both remain bearish.

Litecoin Daily Chart Analysis – MimbleWimble Not Exciting LTC

Litecoin remains stuck above the $100 support

MimbleWimble is the new Litecoin upgrade, although it’s not the name of the upgrade, but rather the technology that it is being implemented, which has also been used by a number of other networks.  The protocol emphasizes security overall, which means that it will bring privacy opt-ins to Litecoin.

This upgrade should make Litecoin more viable and increase adoption as a result. However, so far, it has failed to garner much interest among Litecoin buyers, given the bearish sentiment in the crypto market. LTC/USD remains stuck to the support zone above $100, and it isn’t showing any signs that it wants to turn bullish. But it remains to be seen how it will react when the sentiment improves in the market.

Cardano Daily Chart Analysis – ADA Sticking to the $1 Support

Will ADA coin bounce off the bottom of the range?

Cardano made its big Alonzo upgrade in September last year, but the price has been declining since then. Alonzo brought smart contracts to Cardano and the first DEX SundaeSwap went live recently, but there were congestion issues. However, Input Output announced a proposal to make Cardano more scalable by increasing the block size by 11%, which would enable more transactions to be recorded in a block.

The developer team is also working to improve the performance of the Cardano blockchain’s execution platform for deploying smart contracts, Plutus, increasing the memory unit size. Nonetheless, ADA/USD remains stuck above the $1 support, and similar to Litecoin, it is not showing any signs of life. Although at these levels, Cardano is very tempting to buy, but let’s see if the decline continues so we can buy even cheaper.

Cardano Coin ADA Live Chart