In this paper, we propose a novel Adaptive Modulation and Coding (AMC) scheme enabled by Artificial Neural Network (ANN) aided Signal-to-Noise power Ratio (SNR) estimation. The Power Spectral Density (PSD) values are trained for SNR classification and it is mapped to respective Modulation and Coding Scheme (MCS) sets. Once trained, optimal MCS can be determined in low calculation complexity. The proposed approach is robust especially in high mobility environment since the PSD appearance is hardly influenced by the Doppler shift. Its effectiveness in terms of throughput is presented through computer simulations compared to the existing Error Vector Magnitude (EVM) based link adaptation scheme.