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October 4, 2022
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Bitcoin

Peter Brandt: Litecoin will continue to grow –

Today, there is a sideways trend in the cryptocurrency market. True, Bitcoin and Ether have slowly begun to rise in the chart, but have yet to break through their ATHs. However, analysts are wondering which altcoin will surprise investors next. Will it be Litecoin (LTC)? According to Peter Brandt, the former “silver of the Internet” may soon begin to rise significantly.

Peter Brandt: Litecoin could become more expensive

Legendary investor stated on Twitter that LTC had just created a head-to-shoulder inverse on the chart. Let us remind you that this is a classic price structure that usually ends with a trend reversal. In practice, it therefore announces the end of the downward trend.

According to Batt, the current situation on the chart may make LTC more expensive to USD 247.

However, he also warns that patterns such as head and shoulders can always “fail” and just “Swap” into something else. As he added, the current formation would be canceled if the rate fell below $ 180.

Litecoin is currently listed on the Binance exchange at $ 198. This means that the cryptocurrency has increased by 1.3 percent. on a daily basis and approx. 7 percent. within 7 days.

Charlie Lee criticizes the hype on NFT tokens

Last week, Litecoin creator Charlie Lee referred to the excitement of Non-Convertible Tokens (NFT), questioning their value in the process. He stressed that “Part of the value of owning a collector’s item is prestige, which means that I can say that only I own it and can show it.” On the occasion of tokens, this value is reduced to a minimum.

Earlier, Lee also compared the NFT fashion to the 2017 ICO bubble.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate at . A place where you can buy BTC and other cryptocurrencies, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will find out how you can efficiently create one: LINK.

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