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COINTURK NEWS > Altcoin News > Crypto Analyst Predicts Ongoing Rally for Litecoin and Ethereum
Altcoin NewsEthereum (ETH)

Crypto Analyst Predicts Ongoing Rally for Litecoin and Ethereum

In Brief

  • Cryptocurrency analyst and trader Rekt Capital speculates that Litecoin’s (LTC) rally is set to continue even after its robust performance over the past few days. The analyst also anticipates a surge up to $2,300 in Ethereum (ETH), the largest altcoin. ContentsExpecting Up to $140 Rise in Litecoin Ethereum Headed for $2,275, According to the Analyst  Expecting Up […]
İlayda Peker
İlayda Peker 2 years ago
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Cryptocurrency analyst and trader Rekt Capital speculates that Litecoin’s (LTC) rally is set to continue even after its robust performance over the past few days. The analyst also anticipates a surge up to $2,300 in Ethereum (ETH), the largest altcoin. 

Contents
Expecting Up to $140 Rise in Litecoin Ethereum Headed for $2,275, According to the Analyst 

Expecting Up to $140 Rise in Litecoin 

Anonymous crypto analyst and trader Rekt Capital suggests that Litecoin is currently following an uptrend scenario that could push its peer-to-peer payment network to a level last seen in January 2022. 

According to the analyst, LTC’s breach above the major resistance at $93 suggests that the popular altcoin could rise to $140 before the next block reward halving. He commented, “LTC continues its pre-halving rally. LTC has followed the green path quite well so far.” 

As of the writing of this article, Litecoin trades at $111.97, reflecting a 1.84% rise in the last 24 hours. 

Block reward halving, which reduces the reward miners receive per block added to the Blockchain by 50%, is traditionally viewed as a bullish catalyst. The next block reward halving for Litecoin is anticipated to occur on August 2, 2023. 

Ethereum Headed for $2,275, According to the Analyst 

The crypto analyst also has an eye on Ethereum, the largest altcoin. According to Rekt Capital, Ethereum is likely heading towards $2,275 after maintaining above high timeframe support. 

The analyst noted for the expected ETH surge, “ETH has successfully retested the level around $1,680 (red) as support and risen by 14% upwards. It’s following the blue path well.” 

ETH, the largest altcoin by market value, is trading just below the $2,000 level at $1,946, reflecting a 1.72% rise in the last 24 hours. 

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 3 July, 2023 - 1:30 pm 3 July, 2023 - 1:30 pm
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