Litecoin Could be Coiling up for a Massive Rally Despite Lackluster Price Action

Litecoin Could be Coiling up for a Massive Rally Despite Lackluster Price Action


Litecoin has been widely looked down upon by investors as an inferior version of Bitcoin with few distinguishable differences, little utility, and waning development activities.

It is still one of the early cryptocurrencies that have ample liquidity and listings across all the major exchanges.

As such, when floods of new investors enter the ecosystem, they tend to throw money into these types of tokens, helping them to rocket higher.

Trending: Watermarked Ballots Confirmed AGAIN In Michigan Hearings!

One analyst is now noting that it could almost be time for Litecoin to see some immense upwards momentum.

He believes that it shows signs of strength from a technical perspective as bulls move to push it above a key level.

He also notes that it is not posting any potent reaction to any of Bitcoin’s recent selloffs. As such, it could be positioned to see some further momentum in the near-term.

That being said, betting on LTC is very much a bet on new investors entering the crypto markets

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend