One of the most popular crypto traders is expressing positive sentiments toward Bitcoin ( BTC), and alternative Litecoin ( LTC).
Justin Bennett, crypto strategist and to his 111,800 followers on Twitter, says he is bullish about Litecoin. He also expects that the 14th-largest cryptocurrency asset by market value will even surpass the king of crypto.
The analyst predicts that LTC will hold at a low level of about $30 as its support zone and at $465 as its resistance zone through 2023. This pattern was similar to 2022.
“I’m bullish on LTC in the short term, particularly against BTC. But there’s no reason to believe that we won’t see this again in 2023.”
At the time this article was written, Litecoin traded at $76.81. Bitcoin is currently trading at $16,994. The Litecoin/Bitcoin/LTC/BTC (LTC/BTC/BTC) pair has increased by nearly 70% in the past 30 days and more than 20% in two weeks.
According to a crypto analyst, Ethereum (Eth), the second-largest digital asset by market capital, is likely to fall after hitting local highs that mirrored its price action last month.
“Run the local highs in long positions, then reverse.”
The crypto analyst believes that Ethereum is on track to surpass the $1,320 price point before falling to the $1.240 mark.
Ethereum traded at $1.282 at the time this article was written.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
