Price analysis of Litecoin (LTC), Cardano (ADA), and Dogecoin (DOGE)

For some days now, the crypto markets are no longer completely dominated solely by Bitcoin. 

In fact, the altseason index of CMC clearly indicates that they have exited the so-called Bitcoin season, and although the altseason is still very far away, at least some altcoins are starting to show interesting movements.

Today we will analyze the price movements of Litecoin, Cardano, and Dogecoin.

The comparison between the returns of Litecoin (LTC), Cardano (ADA), and Dogecoin (DOGE)

The performance of Litecoin in recent years has been somewhat disappointing, so much so that it has fallen out of the top 20 cryptocurrencies by market capitalization.

After the electoral victory of Donald Trump in November, the price of LTC rose from $65 to $136, remaining well below the all-time high of 2021 recorded above $400.

In fact, as of today, its price is still 77% lower than the bull. 

Moreover, starting from March, it recorded a sharp decline, which in just over a month had caused it to lose almost all the gains accumulated at the end of 2024. 

However, after falling below $70 about a month ago, starting from April 21, it marked a decent rebound, bringing it back above $90.

The fact is that during the bear-market of 2022/2023, it had plummeted to below $50, and even in August of last year, it was below $60. 

In other words, that of 2021 was a true and enormous speculative bubble, very similar to the one that developed on the price of Litecoin in 2017.

In fact, excluding these two mega-bubbles, the price of Litecoin for years has fluctuated between $25 and $135, since 2018/2019. However, this suggests that one cannot rule out the inflation of another large speculative bubble sooner or later on the price of LTC.

The trend of the price of Cardano (ADA)

The trend of the price of ADA (Cardano), however, is a bit different.

First of all, Cardano remains in the top 10 by market capitalization, and over the years it has recorded increasing peaks. 

In 2018 it reached a maximum of $1, and then plummeted below $0.1, while in 2021 it recorded the all-time high above $3.1, while the subsequent bear stopped above $0.2. 

So historically, the price trend of Cardano does not resemble that of Litecoin, but it does not even resemble that of Bitcoin.

With the Trump trade in November, it skyrocketed within a few weeks from $0.33 to $1.23, with a remarkable +280% following two years of lateralization below $0.7. 

The interesting thing is that the mini-bubble at the end of 2024 did not completely burst, because the low in April stopped at $0.55, which is significantly higher than the $0.33 at the end of October. 

In fact, the subsequent rebound was not particularly spectacular, as it barely managed to climb back above $0.70, which is the maximum ceiling of the long lateralization of recent years. 

In other words, while on one hand the speculation on ADA is evident, it is equally evident that in the long term there seems to be an upward trend in place, even if not spectacular. 

Price analysis of the quintessential memecoin Dogecoin (DOGE)

Dogecoin on the other hand is a whole different thing. 

It is indeed still essentially a memecoin today, despite having its own blockchain and the ongoing search for use cases to at least hope that it becomes something more. 

To tell the truth, there was quite a bit of disappointment among those who hoped that with the launch of the DOGE di Elon Musk (Department Of Government Efficiency) the price of Dogecoin would skyrocket, but in fact, the department for government efficiency of the USA government has absolutely nothing to do with this memecoin.

Despite this, Dogecoin still capitalizes more than Cardano, and although it is at -75% from the highs, in the long term it is holding relatively well. 

When Musk started promoting Dogecoin in 2021, he managed to raise its price from 5 cents to 73 cents, which still remains the all-time high. 

Subsequently, however, already in 2021, it plummeted to 18 cents, only to crash in 2022/2023 below 6. 

Thanks to Trump’s electoral victory, it had managed to climb from 10 to 46 cents, but after his inauguration at the White House in January, it plummeted back below 15 cents, which is the same level as last August. 

The subsequent rebound, which began on April 22, has just brought it back above $0.18, which is the same level reached with the first crash of 2021. 

It is therefore still only a speculative crypto, still very dependent on the words of a single individual, who moreover actually has nothing to do with this project.