A popular crypto analyst has set a new potential price target for Litecoin (LTC) as it begins to gain momentum.
In a new Technical Roundup strategy video, pseudonymous analyst DonAlt To tell His 44,400 Youtube subscribers who have rallyed Litecoin could break the all-time high of around $400 set in May 2021.
His first high price target level is in the $160-$200 region, representing an increase of up to 156% from LTC’s current value. As of this writing, Litecoin is trading at his $78.08, up more than 22% from its close a week ago.
“As for Target, I don’t want to sell. [at] $100. I’m looking somewhere… between $160 and $200. $300 or $400 would be interesting. It turns out that this is the highest ever recorded. It didn’t do much during the bull market. And the chart is set to make it happen. “
Strategists expect Litecoin to outperform other altcoins when the market moves, bounce faster when the market rallies, and fall harder when the market corrects.
“I’m going to play Litecoin. And if it runs sooner, I might spin into something else. But for now, I’m reasonably sure what I’m going to stick to – If altcoins go up, litecoin goes up even more. If altcoins go down, litecoin will go down a bit.
I think litecoin is generally a good deal. So even if it’s not as risky as the others, I see very big benefits in this one, so there’s little reason for me to go anywhere else. “
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