The widely followed by the analyst believes that one altcoin with great capitalization now has a convincing narrative that will feed his surge to freshness a record.
The pseudonymous analyst Kaleo tells its 685 600 subscribers on the platform of social networks X, which Litecoin (LTC), by the visible one, imitates its 2021 bull market, when it broke the diagonal resistance before rising to a high -level cycle.
According to Kaleo, LTC repeats a similar price action, but he thinks that Litecoin will rise to new record maximums and violates the price of $ 1,000, seasoned with the narrative of the LTC exchange fund (ETF).
“Ltc/Litecoin
I waited for this HTF installation (high time frame) will look like this from the last half in August 23.
This is so insanely clean and simple, and with Bloomberg it will transfer him to the highest chance of ETF approval this year, in the end he will have a narrative.
Send him to new performances for all the time with a rush. ”
Looking at the trader table, he seems to predict that LTC will rally up to $ 1,200. At the time of writing, LTC costs 119.02 dollars.
Earlier this week, Bloomberg ETF analyst James Seyffart said that Litecoin has the highest chances of approving the next ETF, by 90%. He also said that the US Securities and Exchange Commission (SEC) did not give any signs that he believes that LTC is security.
“On this front, it is necessary to do a little more work that should not happen with something like Litecoin. SEC never called Litecoin Security, so I will not be surprised if you see that Litecoin will come first. ”
Generated image: midjourney
