Analyst Reveals How Litecoin Could Turn $3,700 Into $1 Million for Investors
Crypto analyst Hal revealed how investors can earn up to $1 million by: Invest in Litecoin. This comes as another analyst predicted that LTC could soon break out of its current consolidation phase and reach a four-digit price target.
How Litecoin Can Turn a $3,700 Investment into $1 Million
to X postHal said investors could make about $3,700 to $1 million if they bid for Litecoin in the low $30 range and sell when the altcoin hits $9,000. Analysts are confident: LTC price It could still fall to this level, giving investors another opportunity to take this investment advice.
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He pointed out that Litecoin has never seen a fifth wave in its C-wave correction move, which he argued means the altcoin will still fall below $41. Hal’s accompanying chart also showed: LTC may still fall It falls to a low of $30 before the next parabolic rally to the upside. The analyst said the altcoin could fall below the expected $30 range, but that is unlikely.
Meanwhile, Hal declared Litecoin to be the “clearest and most confident” 250x to 300x play seen in the market. He added that he has been waiting for a long time for this last drop to $30 and that it will happen soon. He urged investors not to miss out on LTC investments as he expects them to earn millions of dollars.
Hal’s prediction came during the first product launch. Spot Litecoin ETF Canary Capital. This is expected to drive institutional inflow into the LTC ecosystem, which could be positive for altcoin prices. However, LTC has had a bad start and is currently lagging behind the just launched Solana and Hedera ETFs in terms of inflows.
Why LTC Can Easily Post This Parabolic Rally
Hal noted that Litecoin has one of the longest, oldest, and largest accumulation channels in existence among Altcoins for Bitcoin pairs. He stated that the LTC/BTC chart is similar to the previous DOGE/BTC chart. Dogecoin price It hit 663x in the 2021 bull cycle. This is why the analyst is confident that LTC could record a 300x profit on the next low when its price reaches the high of the next altcoin run.
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Meanwhile, cryptocurrency analysts CoinsKid states: Litecoin has been in consolidation mode since the top of the 2018 cycle. He added that compression leads to expansion and predicted that LTC could reach $4,000 if it breaks the upper resistance just above $200. CoinsKid mentioned how this puts LTC to shame. Ethereum market capitalization.
At the time of writing, Litecoin price is said to be trading around $96, up almost 2% in the last 24 hours. data From CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
