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Crypto Trader Details Massive Price Target for Litecoin, Says LTC Could Lead Altcoin Charge

Crypto Trader Details Massive Price Target for Litecoin, Says LTC Could Lead Altcoin Charge

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Popular crypto analyst sets new potential price targets for Litecoin (LTC) as it begins to build momentum.

In a new Technical Roundup strategy video, pseudonymous analyst DonAlt tells 44,400 YouTube subscribers that Litecoin’s rally could surpass its previous all-time high of nearly $400, which it reached in May 2021.

His first higher price target level is in the $160-$200 range, which would be up to 156% upside from LTC’s current value. At the time of writing, Litecoin is changing hands at $78.08, up more than 22% from a week ago.

“Target wisely, I’m not going to sell [at] 100 dollars. I’m looking for something…$160-$200. And around $300, $400 would be interesting to me. I could see this hitting an all-time high. It certainly didn’t do too much during the bull market. And it has a chart that makes it possible.”

Source: DonAlt

The strategist predicts that Litecoin will outperform other altcoins when the market moves, rallies faster when the market bounces and falls harder when it corrects.

“I’m going to play Litecoin. And if it happens early, I might turn to other things. But for now, I’m going to stick with what I’m pretty sure – If altcoins go up, Litecoin goes up harder. If altcoins go down, Litecoin will go down a little less.

I think Litecoin is a good deal overall. Based on that, I don’t have much reason to go elsewhere because I think this has quite a big upside, even though it’s not as risky as other things.

I

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trades are at your own risk, and any losses are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/Eky Rima Nurya Ganda



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