Summary:
Litecoin could experience a 1,500% surge as predicted by analyst Tony Severino.
LTC has started to outperform Bitcoin, especially in the past two months.
Potential price targets for LTC are 0.006275 BTC (110% increase) and 0.02 BTC (566% surge).
If Bitcoin remains around $100,000, LTC might reach $630 or even $2,000.
An altcoin season could be triggered, benefiting other altcoins.
Litecoin has been gaining momentum in recent weeks, and according to crypto analyst Tony âThe Bullâ Severino, this might be just the beginning of an explosive rally. Although Litecoin also started February on a decline alongside the rest of the crypto market, it has since detached and has recovered from these losses.
LTCâs Growing Strength Against Bitcoin
Litecoin has remained relatively quiet in this market cycle, drawing less attention compared to top cryptocurrencies like Bitcoin, Solana, and XRP. However, technical analysis shows that LTC has started to outperform Bitcoin, especially in the past two months.
This trend with Litecoin and Bitcoin was highlighted through a multi-year monthly candlestick chart shared by Severino. The Litecoin / Bitcoin pair has been on an uptrend after rebounding on the bottom trendline of its multi-year descending channel.
Tony Severino noted that Litecoin will continue to push upwards in this channel, which will cause the price to continue outperforming Bitcoin on the monthly timeframe. Regarding a price prediction, the analyst noted two targets for the pair: the first target is at 0.006275 BTC, suggesting a 110% increase against Bitcoin, while the final target points to a 566% surge at 0.02 BTC.
Litecoin Price Targets If It Continues To Grow Against Bitcoin
The predicted outperformance of Litecoin against Bitcoin places Litecoin at new all-time highs. Provided that Bitcoin continues to trade around the $100,000 mark, Litecoinâs first price target at 0.006275 BTC would correspond to a valuation of approximately $630. Should the pair reach the final target of 0.02 BTC, the price could skyrocket to around $2,000.
This scenario could trigger an altcoin season, causing capital flows from Bitcoin into the altcoin market, leading other altcoins to also outperform Bitcoin. However, if Bitcoin climbs beyond $100,000, Litecoinâs relative strength on the Litecoin / Bitcoin pair would remain crucial, potentially resulting in prices exceeding the initial $630 and $2,000 targets.
As of now, LTC is trading at $126 after recently reaching an intraday high of $136.
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