Bluntz, the famous strategist of crypto markets, shared his predictions for a popular Altcoin. Analyst thinks that the subcoin he has examined is preparing for a strong rally. The analyst, who carries the title of “Master Trader ında on the Bybit stock exchange, emphasizes that Litecoin gives a strong rise signal in both US dollar and Bitcoin (BTC) parities. This powerful appearance attracts the attention of investors, while the beginning of an exciting era for Litecoin.
Elliott wave theory and rise potential in Litecoin
Bluntz says Litecoin has completed the ABC corrective wave movement and now can enter a new five wavy rise trend. According to Elliott Wave Theory, a new wave of ascension is expected after such a correction movement. The analyst thinks that the strong demand in Litecoin’s Bitcoin parity is a harbinger of the rise.
He also states that Litecoin gives a return signal called “Bullish Swing Failure Pattern” (SFP) in the weekly graph. This signal shows that there is a strong recipient demand and the price can force the resistance levels. Litecoin’s movement makes this movement one of the assets that need to be followed carefully in the coming weeks.
The level of $ 180 for popular Altcoin is targeted!
Bluntz thinks that Litecoin can overcome $ 147 resistance and support this level up to $ 180. This level is very close to Litecoin’s summit in the 2021 bull market. If this estimate occurs, there may be significant earning opportunities for Litecoin investors. The fact that the price reaches these levels can increase Litecoin’s popularity and investor interest.
Bluntz is not alone. Experienced Trader Peter Brandt thinks Litecoin has the potential to create a strong graphics. Brandt says Litecoin can test higher levels if it is permanent above $ 100. Brandt says Litecoin can reach a remarkable location among other major Altcoin projects.
ETF expectation supports the price of subcoin
According to analysts, this strong appearance in Litecoin may have an effect on a possible ETF (Exchange-Traded Fund) confirmation. ETF expectations often create liquidity increase in the market and more corporate investor interest. Litecoin is thought to benefit from this development.
As a result, both technical analysis and developments in the market give positive signals for Litecoin. Investors’ eyes will now be at these important resistance levels. If estimates occur, Litecoin may be a shining star in the market.
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