Bullish Wave for LTC vs. BTC Points to Potential 732% Surge
The post Bullish Wave for LTC vs. BTC Points to Potential 732% Surge appeared on BitcoinEthereumNews.com.
LTCBTC shows undeniable reversal signals with higher highs and higher lows, marking its first-ever uptrend in five years. Analysts predict LTCBTC could gain up to 732%, with a strong bullish wave driven by technical and market fundamentals. According to popular crypto analyst Alan Santana, Litecoin (LTC) is poised for a historic breakout against Bitcoin (BTC). Santana tweeted, emphasizing that LTCBTC is clearly trending upward with higher highs and lower lows for the first time ever. This follows over five years of ongoing decline, during which the pair lately reached an all-time low (ATL). He underlined that they were about to witness something unprecedented in this pair and noted that reverse signals were unquestionably present. LTCBTC Bullish Wave Signals Potential 732% Rally The reversal began a month ago with a high-volume Doji candle at the ATL, signaling market uncertainty before a bullish continuation. LTCBTC verified this trend over the next weeks with a breakout and a complete green weekly candle. Source: Alan Santana on X Further confirming the increasing momentum, Santana also pointed out that trade volumes for LTCBTC had climbed to their greatest levels since November 21. Although the precise course of this optimistic wave is yet unknown, Santana conjectured that it might either be a quick rally over two to three months or a slower growth phase spanning six to seven months. “Litecoin can rise as much as 732%; this is a transforming event for the cryptocurrency,” he said. A prior report from Crypto News Flash (CNF) confirms this positive view. Almost eighty percent of Litecoin investors are already in profit, a mark not seen in 2021, the previous year. This development aligns with the coin’s impressive performance, as inflows into exchanges earlier this month have outpaced outflows. Particularly, 258,340 LTC moved into exchanges while 164,270 LTC left, indicating…
Filed under: News - @ December 7, 2024 11:29 am