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Litecoin has gained momentum in recent weeks and, according to Crypto Tony’s “The Bull” analyst, this could only be the beginning of an explosive event. Even if Litecoin also started February in a decline Next to the rest of The cryptocurrency market has since been detached and He recovered from these losses.
This interesting move of the price of Litecoin saw overperor against Bitcoin. In a shared post on the social media platform X, Severino has projected that Litecoin could significantly sweat Bitcoin in the coming months and pump by 1,500%.
Ltc’s growing strength against Bitcoin
Litecoin remained relatively silent in this market cycle, attracting less attention as compared to The best cryptocurrencies such as Bitcoin, Solana and XRP. However, the technical analysis shows that LTC has started to overper Bitcoin, especially in the last two months.
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This trend with Litecoin and Bitcoin was highlighted through A multi -year monthly candlestick graphic designer shared by the analyst Crypto Tony Severino. As shown by the following table, the Litcoin / Bitcoin pair was on an upward trend after rebounding on the lower trend line of its multi -year descendant channel.
Tony Severino noticed that Litecoin will continue to push up In this channel, which will continue the price to overperform Bitcoin on the monthly period. As for a price forecast, the analyst noticed two objectives for the couple. The first target is at 0.006275 BTC, which is around the upper trend line of this channel. From here, a continuous breakout is expected to push the Litecoin / Bitcoin torque to the final target of 0.02 BTC.
Starting now, the LTC/BTC torque is exchanged at about 0.003, which means that the first goal suggests an increase of 110% against Bitcoin, while the final target indicates a wave of 566%.
Litecoin price objectives if it continues to grow against Bitcoin
The expected Litecoin Superperformance against Bitcoin places Litecoin to the new historical tops. Provided that Bitcoin continues to exchange about $ 100,000 and the LTC/BTC torque continues its trajectory upwards, the first price of Litecoin at 0.006275 BTC would correspond to an evaluation of about $ 630. If the couple It does not reach the final goal of 0.02 BTC, the price could rise to the stars at around $ 2,000.
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This Litecoin scenario that strongly exceeds Bitcoin if it continues to vary about $ 100,000 could Carry out a domino effect and cause an altcoin season. This season of Altcoin could cause Bitcoin capital flows in the Altcoin market, also causing overcoming other Altcoin.
However, bitcoin it could possibly start climbing Over $ 100,000. In this case, the relative force of Litecoin on the Litecoin / Bitcoin couple would still be crucial. If it continues to trend upwards even while the Bitcoin price appreciates, the price objectives for Litecoin will be even higher. A push around 0.006275 or 0.02 in the LTC/BTC pair in the midst of an increase in the Bitcoin market would lead to prices that exceed the initial objectives of $ 630 and $ 2,000.
At the time of writing, LTC is exchanged at $ 126 after recently reached an intraday of $ 136.
In the foreground image by Adobe Stock, TradingView.com graphic