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A widely followed cryptocurrency trader has expressed positive sentiment towards Bitcoin (BTC) alternative Litecoin (LTC).
Crypto strategist Justin Bennett To tell His 111,800 Twitter followers indicate he is bullish on Litecoin and expects the 14th largest crypto asset by market capitalization to surpass even the King crypto.
Analysts say LTC is likely to hold between a low of around $30 as support and $465 as a resistance zone through 2023, the pattern it showed in 2022.
While I am bullish on LTC and especially BTC in the short term, I have no reason to think this will not happen again in 2023.
Litecoin is trading at $76.81 at the time of writing, while Bitcoin is trading at $16,994. The Litecoin/Bitcoin (LTC/BTC) pair has risen nearly 70% over the past 30 days and is up more than 20% over the past two weeks.
Turning to Ethereum (ETH), a Crypto Analyst To tell The second-largest digital asset by market capitalization is likely to fall after hitting local highs, reflecting last month’s price action.
We spoke to our members about this yesterday and ETH is forming a pattern similar to what we saw in late November.
Execute local highs to trap longs and then reverse.
Based on his Ethereum charts, the cryptocurrency analyst suggests that the leading smart contract platform is on track to reach a local high of around $1,320 before returning to a price of $1,240. There seems to be
Ethereum is trading at $1,282 at the time of writing.
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