According to the latest reports, it seems that Litecoin is just about to break out. Check out the latest predicitons below.
Litecoin price is about to explode
According to a respected crypto strategist, Litecoin (LTC) and Ethereum (ETH) are poised to initiate breakout rallies.
During a recent strategy session, Michaël van de Poppe suggested that Litecoin’s upcoming halving event may lead to a surge in the peer-to-peer payments network, possibly reaching a level not seen since December 2021.
As per the crypto strategist, LTC is just one resistance area away from experiencing a significant surge in its price.
“Litecoin is doing absolutely great, too. It is on the edge of having a breakout…
I think the halving is going to take place in (August), which means that we still have six to eight weeks before it takes place. I think having a very strong rally is definitely likely if it breaks through $100.”
The notes continued and revealed the following:
“If it breaks through $100… so then I’m assuming we’re going to peak out around the area of $160 to $180.”
At the time of writing, Litecoin is trading for $93.39, a slight decrease in the last 24 hours.
Bitcoin price prediction is also out
According to a popular on-chain analyst, there is an indication that Bitcoin (BTC) may experience a surge in value this month.
A well-known analyst named Willy Woo has shared with his one million Twitter followers that Bitcoin’s cost-basis analysis suggests a potential rally for the leading cryptocurrency in June.
Investors pay a price to acquire an asset like Bitcoin, which is referred to as the cost basis.
“Cost basis analysis showing upside looking better than downside.
Summer months are typically flat or bearish, but every June inside the re-accumulation phase has been bullish, we’re in one such window.
There’s a window for BTC to rip in June. My educated guess would be a week away from the opportunity to open. Let’s see.”
