Cryptocurrency
Litecoin to See Explosive Rally to $100 as Crypto Market Builds Strength
As reported by NewsBTC, “Bitcoin incurred an explosive rally this morning that once again sent it screaming past $10,000, with today’s break of this level allowing it to set fresh 2020 highs of $10,400. This movement subsequently led Litecoin (LTC) and other major cryptos to similarly see some decent upwards momentum. “Litecoin, which has seen […]
As reported by NewsBTC, “Bitcoin incurred an explosive rally this morning that once again sent it screaming past $10,000, with today’s break of this level allowing it to set fresh 2020 highs of $10,400. This movement subsequently led Litecoin (LTC) and other major cryptos to similarly see some decent upwards momentum.
“Litecoin, which has seen what appears to be the early stages of its next parabolic rally over the past several weeks, could now be poised for significantly further upside.
“One prominent analyst believes that this next leg up will lead LTC to reach the $100 level, which may be where it finds some intense resistance that halts its uptrend.
“At the time of writing, Litecoin is trading up over 3% at its current price of $76, which marks a notable climb from daily lows of under $73.
“It does appear that this recent price action is emblematic of a firm bull market, as each dip following notable rallies has been short lasting, leading some analysts to conclude that ‘dips are for buying.’
“In the near-term, Bagsy, a prominent cryptocurrency trader, explained that he believes LTC will soon move from its current price of 0.0075 BTC to its next supply zone at 0.0095 BTC…”