Crypto Analyst Predicts 1,500% Pump As Litecoin Grows Against Bitcoin
Litecoin has been on the verge of momentum in recent weeks, and it may just be the beginning of an explosive rally, according to crypto analyst Tony “The Bull” Severino. Although Litecoin also began to decline in February beside The cryptocurrency market has surpassed it since then Have recovered from these losses.
This interesting Litecoin price move makes it better than Bitcoin. In an article shared on social media platform X, Severino expects Litecoin to be significantly better than Bitcoin in the coming months, with the pump pumping 1,500%.
LTC’s strength growth against Bitcoin
Litecoin remains relatively quiet during this market cycle, attracting less attention compared to Top cryptocurrencies like Bitcoin, Solana and XRP. However, technical analysis shows that LTC has begun to outperform Bitcoin, especially in the past two months.
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Litecoin and Bitcoin Trends Highlighted Crypto analyst Tony Severino shared a multi-year monthly candlestick chart. As shown in the figure below, Litcoin/Bitcoin pair has been on an uptrend after rebounding on the lowest trend line of its multi-year price cut channel.
Tony Severino points to Litecoin Will continue to push upward In this channel, this will result in prices continuing to outperform Bitcoin over the monthly timeframe. Regarding price forecasts, analysts pointed out two goals for the two. The first target is 0.006275 BTC, which is located near the upper line of the channel. From here onwards, breakthroughs are expected to continue, pushing the Litecoin/Bitcoin pair toward the ultimate goal of 0.02 BTC.
As of now, the transaction of the LTC/BTC pair is about 0.003, which means the first target indicates an increase of 110% against Bitcoin, while the final target point reaches a 566% increase.
If Litecoin’s price target continues to grow with Bitcoin
Litecoin vs. Bitcoin venue Litecoin’s expected performance at a new all-time high. Assuming that Bitcoin continues to trade $100,000, LTC/BTC pair continues its upward trajectory, Litecoin’s first target (0.006275 BTC) will correspond to a valuation of approximately $630. If the two hit the final target of 0.02 BTC, the price could soar to around $2,000.
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This situation for Litecoin is strongly above Bitcoin if it continues to range around $100,000 Initiate domino effect And cause the altcoin season. This AltCoin season may cause capital to flow into the Bitcoin market, resulting in other altcoins outperforming Bitcoin as well.
However, Bitcoin Finally, you can start climbing Over $100,000. In this case, the relative strength of Litecoin to the Litecoin/Bitcoin pair remains crucial. If it continues to trend upward even if Bitcoin prices appreciate, Litecoin’s price target will be higher. In the rising Bitcoin market, 0.006275 or 0.02 in the LTC/BTC pair pushes toward prices, which will exceed the initial $630 and $2,000 targets.
At the time of writing, LTC traded at $126 after its recent intraday high of $136.
Featured images from Adobe Stock, charts from TradingView.com
