Litecoin Price May Hit $1000
The litecoin price that showcased a slow and steady approach till now, has launched an accelerated rally towards ATH. As being termed as one of the veterean crypto, LTC price is heavily undervalued. As Bitcoin price and Ethereum price skyrocketed and entered the discovery phase well before.
The price is expected to surpass the current ATH around $375 and rally towards $400 levels with minimum efforts. Moreover, a popular analyst, Staking has predicted that once LTC price rises above $420, then $700 would be imminent.
Interestingly, the LTC price pattern appears to have followed a similar pattern to that of BTC and ETH. Bitcoin and Ethereum, are far ahead of Litecoin, and hence it’s the time for the asset to catch up. However, many analysts believe the price may rally towards $1000 initially and later jump straight towards $2000.
LTC Price Analysis, How Will The Price Hit Higher Levels
The price chasing the ATH is the most awaited moment in the entire crypto space. The LTC bulls that went a long way to uplift the price close to the current ATH from the lowest levels in 2018, are expected to keep the bullish momentum intact.
The price eliminating steep pumps and dumps, went through a slow yet steady movement towards the north. During the previous couple of bounce from the EMA’s in 2015 and 2019, the price gained more than 400% and 300% respectively. And hence, being conservative, if LTC price bounces at least 200%, then the price may hit $800.
Moreover, the MACD signal for the litecoin price is on the verge to cross over and the MACD Histogram crosses the baseline. The RSI for LTC price is in its place moving upwards and the successful breakout through the bollinger bands indicates an extensive bull run is fast approaching.