The crypto market seems to be in the middle of a brief correction, with Bitcoin trading around $65k.
There are all kinds of optimistic predictions about the price of other digital assets these days, and Litecoin is one of them. Check out the latest prediciton below.
Litecoin and Bitcoin new predictions
Peter Brandt is a long-term Bitcoin (BTC) bull, but he’s expecting Litecoin (LTC) to outperform the leading crypto soon.
Check out his tweet below:
Litecoin $LTC has broken above Sep high on expanding volume and WBBs so expect retest of 2021 high at 395 or so. pic.twitter.com/BkG0zjo8dW
— Peter Brandt (@PeterLBrandt) November 9, 2021
Someone said: “According to official numbers, your $USD is now losing 1% of its value every 30 days.”
Brandt is also keeping an eye on Bitcoin and says that the king coin is the best bet against inflation.
There is one thing in the markets I am absolutely sure of — the declining value of the U.S. Dollar $DX_F
$1 when I was born is worth 8 cents today
$1 today will likely to be worthless when my grand kids are my age$BTC pic.twitter.com/bkhlvbZnZD— Peter Brandt (@PeterLBrandt) November 10, 2021
He also said the following:
Note to my trolls (assuming you can read)
Let me type this really slow so that you might understand — I have only shorted cryptos once in my life (Nov 14, 2018)
I have been continually long $BTC since early Apr 2019. I want Bitcoin price to go UP (spelled U P)
— Peter Brandt (@PeterLBrandt) November 10, 2021
At the moment of writing this article, BTC is trading in the red and the king coin is priced at $65,248.
It’s been revealed that the crypto analyst Benjamin Cowen said that traders should consider one factor when looking at BTC’s chart.
He recently said that while Bitcoin already put in an all-time high (ATH) late last month, this week’s breakout is a true record high since April when taking the US dollar money supply (M2) into account.