Why Litecoin ETF can lead the price to $ 800
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Encryption analyst Excavo implied the potential. Lighting ETF And how they trigger large -scale prices of LTC. Analysts also revealed how high the LTC is at the end of this Bull period, thanks to this ETF.
How Litecoin ETF leads the price of LTC to $ 800
A TradingView postExcavo emphasized one of the factors that can lead to LTC’s price to $ 800 at the end of the Litecoin ETF. He pointed out that Litecoin is just Bitcoin fork and not much technology. However, he has a distribution and adoption problem, and the LTC Potential ETF.
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The analyst pointed out that this Lisoko ETF is one of the strongest basis for sending LTCs for this price goal. Gray scale. Canary Capital and Coinshares are both applied to the SEC to provide Litecoin ETF. According to Bloomberg analyst ERIC BALCHUNAS and James Seyffart have risen 90%with a 90%chance of approving the US SEC earnings this year.
Therefore, if it is approved this year Lighting ETF As Excavo predicts, you can easily spend the LTC price to $ 800. On the other hand, in terms of technical analysis, the analyst also said that encryption has a standard triangle with horizontal resistance. He added that such resistance tends to be strongly decomposed. Therefore, the analysts are convinced that the LTC guys can reach $ 800 at the LTC Guy cycle.
Excavo also pointed out that the fall has stopped and the floor has been minimized, suggesting the LTC/BTC pairs. According to this, he soon said he was looking forward to a rising jump.
LTC heads to $ 180 in the short term
In the X post, the password analyst DOM Lighting price Go to $ 180. He came when he explained why he did not believe that he was ranked first in the LTC Guy. Analysts suggested that the chart of Litecoin is different from the formation of toppings, suggesting historical patterns. He added that the top always entered.
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DOM also mentioned that the price of Litecoin is stronger than the highest ATH. Volume weighted average price (VWAP). But he added that he would accept less than $ 103.
Meanwhile, crypto analyst Crypto Bullet emphasized “whether LTC will fly soon.” His accompanying chart showed that the lighting price could reach $ 210 when the parabolic rally occurred. The encryption analyst chart is optimistic in Litecoin and depicted as XRP 2.0, indicating that it can return like last year’s XRP.
At the time of writing, Litecoin is about $ 123, down almost 1% in the last 24 hours. data In CoinmarketCap.
Istock’s main image, TradingView.com chart
