A largely followed analyst believes that a large capitalization Altcoin now has a convincing story that will feed its rise in a new record.
The pseudonym analyst Kaleo told its 685,600 subscribers on the X social media platform that Litecoin (LTC) seems to imitate its 2021 bruise market model when it broke a diagonal resistance before moving on to a high cycle.
According to Kaleo, the LTC repeats a similar price action, but he thinks that Litecoin will go up to new heights of all time and violate the price zone of $ 1,000, fueled by the story of the Stock Exchange (ETF) fund LTC.
“LTC / Litecoin
I was waiting for this HTF (high time) configuration to have been like this since the last reduction by half in August 23.
It is so incredibly clean and simple, and with Bloomberg by moving it to the most chances of% for an ETF approval this year, he finally has a story.
Send it to new heights of all time with haste. »»
Looking at the merchant’s painting, it seems to predict that LTCs will bring together up to $ 1,200. At the time of writing, the LTC is worth $ 119.02.
Earlier this week, Bloomberg ETF analyst James Seyffart said that Litecoin is likely to get the next ETF, at 90%. He also said that the American Commission on Securities and Exchange (SEC) had given no indication that he thinks that LTC is security.
“There is more work that must be done on this front which does not need to happen with something like Litecoin. The dry has never called Litecoin security, so I would not be surprised if you see Litecoin coming first. »»
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