Password analysts predict 1,500% pumps as the number of lysokos increases for Bitcoin.
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Litecoin has gained momentum in recent weeks, according to encryption analyst TONY “The Bull” severino, this can be the beginning of an explosive rally. Litecoin also began to decline in February With the rest The encryption market has been separated since It has been recovered from these losses.
This interesting lighting price movement has seen excellent performance for Bitcoin. SEverino predicted that in posts shared on Social Media Platform X, Litecoin could surpass Bitcoin for the next few months and pump 1,500%.
The strength of LTC’s bitcoin is growing.
In this market cycle, Litecoin remains relatively quiet, reducing attention. comparison Best cryptocurrencies such as Bitcoin, Solana and XRP. However, according to technical analysis, LTC has especially began to surpass Bitcoin for the past two months.
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Trend of Litecoin and Bitcoin Emphasized Monthly candlestick chart shared by crypto analyst Tony Severino. As you can see in the chart below, the Litcoin / Bitcoin pair is on the rise after rebounding in the lower trend line of the downtown channel for many years.
Tony severino mentioned that Litecoin I will continue to go up In this channel, the price continues to make Bitcoin excellent during the monthly period. In relation to price predictions, the analysts recorded two pairs of goals. The first goal is 0.006275 BTC and is around the top trend line of this channel. Here, it is expected to continue to push the lysocoin / bitcoin pair into the final goal of 0.02 BTC.
Currently, the LTC/BTC pairs are traded at approximately 0.003. In other words, the first goal is to increase 110% for Bitcoin, while the final goal is 566% of surge.
Litecoin price target if it continues to grow on Bitcoin
The expected performance of Lisoko’s for Bitcoin is deployed at the new highest record. Bitcoin continues to trading $ 100,000 mark, and the LTC/BTC pair continues the upward trajectory. When the pair reaches the final goal of 0.02 BTC, the price can soar to about $ 2,000.
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This scenario of this Litecoin is a strong surpassing Bitcoin, if about $ 100,000 continues. Start the domino effect It causes the Altcoin season. This ALTCOIN season can lead to capital flow from Bitcoin to Altcoin, which can surpass Bitcoin.
But Bitcoin After all, you can start climbing More than $ 100,000. In this case, the relative strengths of Litecoin for Litecoin / Bitcoin pairs are still important. If there is a trend that has continued to rise while the price of bitcoin is recognized, Litecoin’s price target will be much higher. As the Bitcoin market rises, push to 0.006275 or 0.02 in the LTC/BTC pair will lead to a price exceeding the initial $ 630 and $ 2,000 goals.
At the time of writing, LTC has been trading for $ 126 after reaching $ 136.
The main image of Adobe Stock, the chart of TradingView.com
