KuCoin Fires Up KuPool for DOGE & LTC — Will Bitcoin Mining Support Turn These OG Coins into Surprise Leaders?
KuCoin's latest move to introduce DOGE and LTC mining on its platform could stir up the crypto scene. The new addition, known as KuPool, brings fresh attention to these established digital currencies. Bitcoin mining support could be a game-changer, potentially leading these classic coins into an unexpected rise. Curious about which coins are poised for growth? Dive in to find out.
Dogecoin Shows Uptick, Faces Key Resistance at $0.24
Source: tradingview
Dogecoin is trading between 17 and 22 cents, showing a modest climb of nearly 4% this week. It struggles to break above the 24-cent barrier, with recent gains hinting at a potential push past this point. If Dogecoin breaks this threshold, it could aim for the next target at 28 cents, representing a rise of over 25% from the current average range. It's maintaining its 10 and 100-day averages, indicating stability despite a 17% drop over the last month. The coin’s relative strength index and stochastic values suggest further movement, with a balanced outlook as it gears for potential growth in the near term.
Litecoin Shows Signs of Growth Amid Market Fluctuations
Source: tradingview
Litecoin's price currently ranges between mid-eighties to low hundreds in dollars, showing some excitement in the market. The coin rose by nearly five percent this past week, though last month saw a dip of more than nine percent. With strong support around the mid-seventies, Litecoin could climb to over a hundred dollars if it breaks through resistance. A further rise to around one hundred twenty-six dollars might happen if momentum continues. This would mean an increase of around twenty-five percent from current levels. Despite recent ups and downs, Litecoin's gradual upward movement over six months indicates potential growth.
Conclusion
DOGE and LTC could see increased interest and growth with KuCoin's new mining support. Bitcoin's established presence could elevate these coins as solid alternatives. Observing their market performance will reveal if they turn into significant players.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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