Crypto Analyst Says Litecoin Is About To Pull An XRP, Here’s What He Means

Name	Symbol	Market	Market Cap ($)	Algorithm
Litecoin	LTCUSD	Crypto	7,645,749,623	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Litecoin

LTCUSD

Crypto

7,645,749,623

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1.97	-1.91%	101.37	101.36	101.37

Price Change

Price Change %

Current Price

Bid Price

Offer

-1.97

-1.91%

101.37

101.36

101.37

High Price	Low Price	Open Price	Prev. Close	52 Week Range
104.54	97.33	103.51	103.34	49.90 - 147.22

High Price

Low Price

Open Price

Prev. Close

52 Week Range

104.54

97.33

103.51

103.34

49.90 - 147.22

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:38:05	3.00	101.37	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:38:05

3.00

101.37

USD

Price x Volume	Volume	Base Symbol	Related Pairs
74,299,798.88	703,652.80	LTC	LTCEUR	LTCGBP	LTCBTC

Price x Volume

Volume

Base Symbol

Related Pairs

74,299,798.88

703,652.80

Crypto Analyst Says Litecoin Is About To Pull An XRP, Here’s What He Means

02/12/2024 8:00am

NEWSBTC

Crypto analyst Tony Severino said Litecoin is about to pull an XRP, suggesting that the coin could soon enjoy a parabolic rally. The analyst alluded to a bullish indicator on LTC’s chart, which showed that the crypto could witness this parabolic rally. Litecoin Is About To Pull An XRP, Here’s Why In an X post, Tony Severino said that Litecoin is about to pull an XRP, noting that the crypto is now above the monthly upper Bollinger Band. This suggests that LTC has undergone the necessary price correction and is now well-primed for a bullish reversal. The analyst’s accompanying chart showed that a wick to the upside was already forming for the crypto on the monthly chart. Related Reading: Shiba Inu Burns Spike 7,418% In 1 Week – Can SHIB Price Continue Pushing To New Highs? Severino didn’t give a price target for how high Litecoin could rally when this move to the upside occurs. However, the chart showed that the $150 and $300 price levels were in view, a rally that could ultimately pave the way for LTC to rally to its current all-time high (ATH) of $412. It is worth mentioning that the crypto analyst had also recently made a similar analysis for XRP. Before now, Severino mentioned XRP is just above the monthly upper Bollinger Band just as BB Width expands from the tightest squeeze in XRP history. He added that this is going to shock and awe. Since then, XRP has enjoyed a parabolic rally of over 200% and is now above the $2 mark, a level the analyst’s chart showed the crypto could surpass. Therefore, this Litecoin analysis is undoubtedly one to watch since the crypto analyst predicts that LTC will pull an XRP. Litecoin has yet to enjoy its bull run, although it already looks to be catching up, considering it is up over 24% in the last seven days. The Next Dino Coin To Run? Like Severino, crypto analyst Crypto Snorlax has also suggested that Litecoin will be the next ‘Dino coin’ to witness a parabolic rally. In an X post, the analyst highlighted a chart overlaying XRP’s price action over LTC’s. Based on this analysis, Crypto Snorlax revealed two interesting findings. Related Reading: Bitcoin Price Enters Parabolic Phase Of Cycle After Surge To $98,000 – Analyst Firstly, he noted that there is a strong correlation between old altcoins. With XRP recording a 5x price increase from its bottom range, the analyst expects Litecoin to follow shortly. Secondly, Crypto Snorlax revealed that Litecoin just broke above $115, an 18-month resistance. Therefore, Litecoin is well primed for a significant rally, having flipped this resistance to support. The analyst’s accompanying chart showed that LTC could enjoy up to a 3x price increase and reach as high as $450, which would mark a new ATH for the crypto. At the time of writing, Litecoin is trading at around $121, up over 20% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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