A commonly followed crypto trader is revealing favorable belief towards Bitcoin (BTC) alternative Litecoin (LTC).
Crypto strategist Justin Bennett tells his 111,800 Twitter fans that he is bullish on Litecoin and anticipates the 14th-largest crypto property by market cap to even outshine the king crypto.
According to the expert, LTC is most likely to continue holding in between a low of around $30 as its assistance and $465 as its resistance zone into 2023, a pattern it showed in 2022.
“I’m bullish on LTC in the short-term, specifically versus BTC, however there’s no factor to believe we will not see this play out once again in 2023.”
Litecoin is trading at $76.81 sometimes of composing while Bitcoin is altering hands at $16,994. The Litecoin/Bitcoin (LTC/BTC) set is up by almost 70% over the previous one month and by more than 20% in the last 2 weeks.
Relying On Ethereum (ETH), the crypto expert says that the second-largest digital property by market cap is most likely to fall after striking regional highs, matching its rate action last month.
“I discussed this to members the other day, however ETH has actually formed a comparable pattern to what we saw in late November.
Run the regional highs to trap longs and after that reverse.”
Based Upon his Ethereum charts, the crypto expert seems recommending that the leading clever agreement platform is on track to reach the regional high of around $1,320 prior to falling back to the $1,240 rate.
Ethereum is trading at $1,282 sometimes of composing.
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