This Analyst Predicts Massive Litecoin Rally And “Mental” Impact On Non Holders

Litecoin goes against the general market sentiment with a 24.5% and 57% rally in the higher timeframes. At the time of writing, LTC trades at $316 with 4.8% profits in the daily chart.
LTC on the offensive towards new highs in the daily chart. Source: LTCUSDT Tradingview Anonymous trader Julio_LTC has set support for LTC at $280 with a price target set at $330. The operator is bullish as LTC climbed in the Relative Strength Index (RSI), a measure used to assess price momentum, in the lower timeframes. If the price action gets invalidated $218 could operate as critical support, as shown below.
LTC with support at $280 and a $330 price target. Source: Julio_LTC LTC seems to be correlated with Ethereum’s performance rather than Bitcoin , as usual, according to the trader. Therefore, Litecoin’s rally could experience a cool-off or further appreciation if ETH leads the price action. If LTC hits its target, it could see stronger momentum towards a higher price. The trader added:
I dont believe we’ll see $7000+ this year but I do believe $LTC can go into the $3000-$5000 range. #LTC is a late game player.
Trader Crypto Tony is equally bullish after LTC broke the $289 resistance. The trader said :
Litecoin is going to run so hard it is going to mentally affect those left behind. Bags are packed and ready for launch. The BTC pair tells a story and I want us all to be a part of that story
Litecoin’s Fundamental Signal Potential Bullish Momentum
Data from Glassnode indicates that Litecoin has reached a 3-year high Realized Price at $129.65. Similarly, LTC’s Realized Market Capitalization stood at an all-time high with $8,7 billion.

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