- Crypto analysts expect that Litecoin will hit a new ATH.
- The surge in LTC prices is accompanied by increased trading volume.
- Rektcapital, mentions, for LTC a daily closing above $225 is required.
A cryptocurrency that developed to provide fast, secure, and low payments by leveraging the unique properties of blockchain technology is Litecoin (LTC). The crypto analysts expect that Litecoin will hit a new all-time high (ATH). In the last week, Litecoin (LTC) price surged nearly 40%, putting it within string distance of the $300 barrier.
Furthermore, Analysts predict that if LTC remains above some critical price levels, then for sure, it will achieve a new all-time high shortly. As per the analyst, Litecoin – already expected to reach new heights. Peter Brandt, one of the future and currency analysts who believes LTC will retest its 2021 high.
Accordingly, a well-known analyst and trader, Michaal Van de Poppe, recently stated in the strategy session that he also believes LTC will reach $600 soon. to his youtube subscribers he told that if LTC reaches this milestone, the next price target will be $1000.
More so, rektcapital, agreed with Brandt’s bullish predictions and charted a course for LTC’s price based on its past performance. Rektcapital, mentions, for LTC a daily closing above $225 required.
$LTC / USD – #LTC #Litecoin— Rekt Capital (@rektcapital) November 9, 2021
The last time LTC was at these highs, it followed the blue path before moving higher
Let’s see how the Daily closes today but a Daily Close above $225 (green) could set this blue path in motion#Crypto https://t.co/MfTd3P6UW7 pic.twitter.com/H4fs2DkeHl
Litecoin (LTC) Current Market Status
According to CoinMarketCap, Litecoin (LTC) price was trading at $257.12 with 24-hour trading volume of $7,317,476,898. LTC is the 14th largest cryptocurrency, with a market valuation of $19.5 billion, ranking ahead of oracle giant Chainlink, DeFi king Uniswap, and Ethereum Layer 2 scaling solution Polygon.
Henceforth, the surge in Litecoin price is accompanied by increased trading volume, indicating increased investor interest. On the previous day, only Tether (USDT), Bitcoin (BTC), Ethereum (ETH), and Loopring (LRC) had more trading volume than Litecoin.
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