Analysts Predict Crypto Market Growth By 60%

Experts have predicted a 60% increase in the total capitalization of the cryptocurrency market in the coming weeks or months. They believe the total supply of all virtual currencies will reach $1.6 trillion. They also said that they expect Litecoin, Cardano, and Polygon to skyrocket, which will become leaders in terms of value growth.

Analysts assumed that the price of Litecoin is between the 50-day and 200-day MA levels, which are strong resistance and support levels. The LTC rate has been above the 50-day moving average since last week. In addition, specialists expect a significant inflow of volume in the coming days, which will catalyze value growth. It is expected to overcome the mark of $70. As soon as this cut-off is subdued, by the end of 2022, the asset can overcome $100.

According to experts, the price of Cardano is in a descending triangle and is moving steadily towards the top. The current bearish trend will still affect the price and push the asset back to the critical support point at $0.3. However, analysts are confident in a powerful momentum that will allow the value of the virtual currency to soar.

They also noted the bullish sentiment on the MATIC chart and assured that the price of the asset is fluctuating within an ascending parallel channel. Most likely, it will also fall to the next support level at a level just below $0.7, but then, after a short consolidation, it will rise to $1.1 to conquer even more serious values.

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