- Litecoin LTC price to rally upwards to $100
- Litecoin LTC is closely following BTC in wake of a BTC rally
- Rallying to $100 will be LTC’s easiest moves in the 30 days
Litecoin news today – The market action in the last few weeks shows that Bitcoin has incurred an explosive rally. As of press time, the coin has once again crossed the $10,000. With this break of the $10,000 level, the coin has entered the part to set fresh highs of $10,400 this year. Our focus for the day Litecoin price prediction followed BTC’s action and moved along with the rest of the market to post similar decent upwards momentum as of this morning February 12. The price of LTC has seen the early stage of its closest parabolic rally in the last few weeks, could be poised for a significant move further upwards. Now, one prominent digital currency analyst has said that the next leg upwards will cause LTC to reach $100 a resistance point where its uptrend will stop.
Litecoin (LTC) Price Today – LTC / USD
Litecoin Closely Tracks Bitcoin as the Crypto Market Rallies
At press time, Litecoin price was trading 3% higher, at $76 in the last 24 hours marking a notable rise from the $73 daily low.
Today’s price rally comes during a fleet of selloffs that the crypto incurred on February 11. It will appear that the recent price action is an emblematic one and indicates a firm bull market, as each In the near-term, one prominent crypto trader called Bagsy cited that he believes the price of LTC will soon shift from its current price point of 0.0075 BTC to the next supply area of 0.0095 BTC. This is how he put it:
“IF Bitcoin exhibits weakness, I believe we will see a pullback long before there is a move upwards into the 9K zone, otherwise it is more likely that we follow the yellow pathway. I’m ready if either scenario plays put. Don’t be that person that has over-leveraged at the resistance point.”
Litecoin LTC Heading to $100 in 30 Days After it Moved Past Key Support Position
Apart from seeing some tokens like LTC gain against their BTC trading pair, the crypto analysts expect the price of Litecoin to see more gains against the USD. Another prominent analyst called Satoshi Flipper, took to Twitter to speak about this issue. Telling his followers that LTC hitting the $100 mark is arguably one of the easiest of trades we can expect in the coming month. Here is how he put it:
“LTC/USD to $100 is one of the easiest market plays in the next 30 days.”
Chances are that the price of Litecoin will only post this type of upward action if Bitcoin remains firmly in bull territory.