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Litecoin has gained strength in recent weeks and according to Crypto analyst Tony “The Bull” Severino, this can only be the start of an explosive rally. Although Litecoin also started with February after a decline beside the rest of The Cryptomarkt, it has released since then and has recovered from these losses.
This interesting litecoin price movement has made it better than surpassing Bitcoin. In a message shared on social media platform X, Severino projected that Litecoin could consider considerably in the coming months than Bitcoin and pumping by 1500%.
LTC’s growing power against Bitcoin
Litecoin has remained relatively quiet in this market cycle and attracted less attention compared to Top cryptocurrencies such as Bitcoin, Solana and XRP. Technical analysis, however, shows that LTC has started surpassing Bitcoin, especially in the past two months.
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This trend with Litecoin and Bitcoin was marked by A multi-year monthly candlestick card shared by crypto analyst Tony Severino. As is apparent from the graph below, the Litcoin / Bitcoin couple has been on an upward trend after he returned to the lower trend line of his multi-year-old falling channel.
Tony Severino noted that Litecoin will continue to push In this channel, which means that the price continues to surpass Bitcoin on the monthly period. As for a price forecast, the analyst noticed two goals for the couple. The first goal is at 0.006275 BTC, which is just around the upper trend line of this channel. From here a continuous outbreak is expected to push the Litecoin / Bitcoin pair to the ultimate goal of 0.02 BTC.
From now on, the LTC/BTC pair acts against around 0.003, which means that the first target suggests an 110% increase against Bitcoin, while the ultimate goal indicates an increase of 566%.
Litecoin price objectives if it continues to grow against Bitcoin
Litcoin’s predicted outperformance from Litecoin places Litecoin on new all time. Provided that Bitcoin continues to act around $ 100,000 and the LTC/BTC pair continues its upward trajectory, Litecoin’s first target at 0.006275 BTC would match a valuation of around $ 630. If the couple the ultimate goal of 0.02 BTC would reach, the price can shoot to around $ 2,000.
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This litecoin scenario greatly surpasses the bitcoin if it continues to vary from around $ 100,000 Turn off a Domino effect And cause an Altcoin season. This Altcoin season can lead to Bitcoin capital flows being brought into the Altcoin market, so that other altcoins also perform better than Bitcoin.
Bitcoin could eventually start climbing More than $ 100,000. In this case, the relative power of Litecoin on the Litecoin / Bitcoin pair would still be crucial. If it stays upstairs trends, even while the Bitcoin price appreciates, the price objectives for Litecoin will be even higher. A push to 0.006275 or 0.02 in the LTC/BTC pair in the midst of a rising Bitcoin market would result in prices that exceed the initial goals of $ 630 and $ 2,000.
At the time of writing, LTC is traded at $ 126 after recently reached an intraday height of $ 136.
Featured image of Adobe Stock, Chart van TradingView.com
