Sparklo (SPRK) Presale Gain Traction, Litecoin (LTC) Hits Resistance, Cardano (ADA) See Increased Activity

The recent abrupt sell-off the crypto market suffered has been so talked about that many overlook the comeback that could already be underway. In recent news, Litecoin (LTC) is facing resistance and Cardano (ADA) has seen increased activity. 

However, Cardano's (ADA) price is still bearish despite the increased number of transactions. On the flipside, another cryptocurrency, Sparklo (SPRK) has gained traction in its presale as several investors rush to amass the token.

Litecoin (LTC) Price Faces Resistance, Will it Surpass $100?

Litecoin (LTC) price has risen since June 2022, reaching a yearly high of $105.70 in February. However, Litecoin (LTC) failed to break the $100 horizontal resistance area, getting rejected twice, indicating bearish signs. 

These rejections formed a double top, a bearish pattern where the price is twice rejected from the same area, leading to a sharp fall.

Litecoin (LTC) could receive support at $74 if the decrease continues. However, if the price gains momentum, which is looking very likely, Litecoin (LTC) could experience a price breakout.

If this scenario plays out, the next resistance level for Litecoin will be $130. Meanwhile, daily timeframe technical analysis predicts a bearish Litecoin (LTC) price movement.

Cardano (ADA) Price Continues To Dip Despite Increased Transactions

IntoTheBlock, a crypto intelligence portal, has reported an upsurge in the number and volume of large transactions on the Cardano (ADA) network in recent days. On Monday, the number of transactions equivalent to at least $100,000 rose by 480 to 3,290 within 24 hours. 

Large transactions on Cardano (ADA) surged even as the Cardano (ADA) token, powering the network, fell 16.5% since last week. According to data from CoinMarketCap, Cardano's (ADA) price has dropped by 1.77% to $0.381812 in the past 24 hours. The token's price has dipped by 12.16% in the past week.

Sparklo (SPRK) Unveils Fractionalized NFT Investments In Precious Metals

Sparklo (SPRK) is a Web3 platform for fractionalized investments in precious metals via NFTs. NFTs can be partly or wholly purchased, with complete NFT buyers receiving the physical delivery of the metals. Sparklo (SPRK) plans to partner with jewelry stores to feature their products in the platform's market.

Rare metals' high appeal among investors could potentially cause a surge in the token's value, predicted to increase up to 40 times in the coming months, according to analysts.

Investors are seeking ways to protect their wealth as global inflation rates increase. Precious metals like silver, gold, and platinum are known to provide a reliable hedge against inflation. 

To reassure investors of the authenticity of the project, Sparklo's platform has undergone an audit by InterFi Network, with the result of another KYC audit on the way. Sparklo's (SPRK) token presale stage one is currently ongoing and a token costs $0.015. 

As a result, investors are exploring new investment opportunities, such as Sparklo's (SPRK) investment in precious metals via SPRK tokens. This presents a viable option for investors to invest in these metals.

Find out more about the Sparklo presale:

Website: https://sparklo.finance

Presale: https://invest.sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance