Crypto Analyst Says Litecoin Is About To Pull An XRP, Here’s What He Means

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As a seasoned crypto investor with a knack for spotting trends and patterns, I find Tony Severino’s analysis of Litecoin intriguing. Having witnessed XRP‘s incredible rally this year, his prediction that LTC could follow suit is not far-fetched. The fact that Litecoin has already surpassed its monthly upper Bollinger Band suggests a bullish reversal may be imminent.

According to cryptocurrency expert Tony Severino, Litecoin might experience a rapid surge similar to XRP’s, implying an impending parabolic price increase. This prediction is based on a bullish signal visible in Litecoin’s chart, hinting at the potential for this significant upward trend.

Litecoin Is About To Pull An XRP, Here’s Why

In a recent post, Tony Severino suggested that Litecoin could follow in XRP’s footsteps, as the cryptocurrency has surpassed its upper Bollinger Band for the month. This implies that Litecoin has undergone the required price correction and is now poised for an upward trend reversal. The analyst’s graph shows that an uptrend wick (a small candle with a long upper wick) is starting to form for Litecoin on the monthly chart.

In simpler terms, Severino didn’t specify an exact price prediction for Litecoin’s potential increase. However, he noted that significant levels at $150 and $300 might be reached during this upward trend, which could potentially lead Litecoin to reach its previous all-time high of $412 once again. Interestingly, Severino has also recently made a similar analysis for Ripple (XRP).

Previously, Severino stated that XRP was sitting slightly above its monthly upper Bollinger Band, as this band was expanding from the tightest squeeze ever seen in XRP’s history. He further expressed his belief that this situation would be surprising and impressive. Since then, XRP has experienced a remarkable surge of more than 200%, pushing it past the $2 mark – a level predicted by Severino’s analysis chart.

Consequently, keep a close eye on this Litecoin review, as the crypto expert anticipates that LTC could mimic XRP’s performance. Despite not yet experiencing its full bull run, Litecoin has already made significant progress, having increased by more than 24% in just the last week.

The Next Dino Coin To Run?

Similar to Severino, crypto expert Crypto Snorlax anticipates that Litecoin could soon experience a significant surge, much like the ‘Dinosaur coin’ XRP did. In a recent Reddit post, the analyst shared an intriguing chart comparing LTC’s price movement with that of Ripple (XRP). Upon analyzing this chart, Crypto Snorlax presented two fascinating insights.

As a researcher, I’ve observed a significant correlation between old altcoins in the crypto market. Notably, XRP has seen a remarkable 5x price surge from its bottom range. This trend leads me to anticipate that Litecoin might soon experience a similar boost. Furthermore, Crypto Snorlax recently pointed out that Litecoin has successfully breached the $115 resistance level, marking an important milestone not achieved in the past 18 months.

Based on the recent flip of its resistance level to support, it’s likely that Litecoin is poised for a substantial surge. The analyst’s chart suggests that LTC could potentially triple in price and reach up to $450, setting a new all-time high for the cryptocurrency.

Currently, Litecoin is being exchanged for approximately $121, marking a rise of more than 20% within the past day as per information gathered from CoinMarketCap.

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2024-12-02 11:10