An expert crypto analyst predicts that Litecoin (LTC), a token focused on payments, is poised for a significant upward movement.
The analyst, Ali Martinez, shared his insights with his 130,600 followers on X, indicating that Litecoin is currently trading within a range of $135 to $98.
Martinez suggests that if LTC maintains its support level above $98 during the ongoing correction, it could potentially surge towards the upper end of the range.
“If Litecoin LTC holds above $98, increased buying pressure at this level could fuel a rally toward $135!”
As of the latest update, Litecoin is valued at $101.92.
Martinez also highlights that large investors have purchased over $43 million worth of LTC in just two days when the price was near $98.
“Whales bought 430,000 Litecoin LTC in [48 hours]!”
On the other hand, another crypto analyst named Credible has a more cautious view on LTC in the short term. Credible shared a chart with his 465,000 followers on X, suggesting that Litecoin might drop below $70 before potentially rallying towards $200.
“Been patiently waiting for this one for [weeks] now. Let’s see if this pullback across the board will give it to me.”
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