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Litecoin is gaining momentum in recent weeks, and according to Tony’s cryptographic analyst “The Bull” Severino can be the beginning of an explosive rally. Although Litecoin also began in February from the fall next to the rest cryptographic market, since then he has disconnected and He recovered after these losses.
This compelling Litecoin price movement made him surpass him in relation to Bitcoin. In a post made available on the social media platform, X Severino predicted that Litecoin could significantly exceed bitcoins in the coming months and pump by 1500%.
The growing LTC strength against Bitcoin
Litecoin remained relatively silent in this market cycle, attracting less attention compared to The best cryptocurrencies such as Bitcoin, Solana and XRP. However, technical analysis shows that LTC has started to surpass bitcoins, especially in the last two months.
This trend with Litecoin and Bitcoin He was awarded A long -term monthly table of candlestick made available by Crypto Tony Severino analyst. As shown below, the Litcoin / Bitcoin pair was in the margins after reflecting on the bottom line of the trend of the long -term decreasing channel.
Tony Severino noticed that Litecoin will continue to push up In this channel, which will cause the price to continue with Bitcoin exceeding as part of the monthly part. When it comes to predicting prices, the analyst noticed two goals for the couple. The first goal is 0.006275 BTC, which is just behind the top line of this channel trend. From then on, it is expected that the continuous breakthrough will move the Litecoin / Bitcoin pair for the final purpose of 0.02 BTC.
For now, the LTC/BTC pair trad around 0.003, which means that the first goal suggests an enhance of 110% compared to Bitcoins, while the final goal indicates an enhance in 566%.
Litecoin price goals if it continues to grow in relation to bitcoins
The expected better than Litecoin against Bitcoin places Litecoin in modern ups of all time. Provided that Bitcoin still trads around $ 100,000, and the LTC/BTC pair continues their trajectory up, the first price of Litecoin at 0.006275 BTC would correspond to the valuation of around 630 USD. If the pair reaches the final goal of 0.02 BTC, the price may enhance rapidly to around $ 2000.
This Litecoin scenario is strongly ahead of Bitcoin if it is still around $ 100,000 Set the domino effect And cause Altcoin season. This Altcoin season can cause capital flows from Bitcoin to the Altcoin market, causing other altcoins out exceeding bitcoins.
However, Bitcoin He can finally start climbing Over $ 100,000. In this case, the relative strength of Litecoin on Parie Litecoin / Bitcoin would still be crucial. If it still trends up, even if the price of bitcoins appreciates, Litecoin prices will be even higher. Push in the direction of 0.006275 or 0.02 in Parie LTC/BTC on the Bitcoin rising market would cause prices to exceed the initial goals of 630 and $ 2000.
At the time of writing this text, LTC trades at USD 126 after a recent reach of an intraentral level of USD 136.
A distinguished picture from Adobe, chart from TradingView.com