The post Litecoin Set For Gains As Analyst Predicts Time For New Bitcoin ATH appeared on BitcoinEthereumNews.com.

Crypto Analyst Sets Date For New Bitcoin High, Litecoin To Benefit From the Bitcoin Rally Bitcoin analyst, CryptoCon, in a recent tweet, has revealed that Bitcoin would set a new all-time high in the latter part of 2024. Given Bitcoin’s correlation with altcoins, Litecoin, and a new token, Meme Moguls could capitalize on Bitcoin’s positive growth. Bitcoin (BTC) Analyst Weigh in on Coin’s Price  On November 29, Bitcoin price reached $38,350, its highest point since early May 2022. This came after a Bitcoin analyst, CryptoCon, stated that November 28 was the most crucial day for Bitcoin.  According to him, all market cycles revolve around the date of the first Bitcoin halving. On November 28, 2012, the first halving occurred.  He projected that a noteworthy price peak would transpire roughly 21 days prior to or subsequent to July 9, 2024. Then, he said, by the end of November the following year, a new all-time high would probably be attained.  Another expert going by the name “Captain Faibik” contended that Bitcoin’s $38,000 resistance has become feeble and may soon yield. He projected that by December, the price of Bitcoin might hit $41,000. Famous Trader Forecasts Huge Breakout for Litecoin (LTC) John Bollinger, a famous trader known for creating Bollinger Bands, has weighed in on Litecoin price growth. He expressed worries about how Litecoin performed compared to Bitcoin in the past. Litecoin, also called “digital silver”, boasts faster transaction speed and lower fees than Bitcoin. Unfortunately, there has been a decline in the value of Litecoin. Bollinger’s analysis indicates that the pattern generated by Litecoin is a “2 bar reversal”. There may be a change in trends indicated by this pattern. The Litecoin chart’s pattern may point to a momentary change in sentiment. Consequently, the value of Litecoin may increase in the upcoming months.…

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Filed under: News - @ December 3, 2023 10:20 am