Litecoin Rises Above 2%, as Analysts Believe Major Mid-Term Gains

Bitcoin has experienced turbulent price action over the past few days and weeks. Which has led cryptocurrencies like Litecoin to establish a broader commercial range. However, this volatility has generally been positive, since most cryptos, including LTC, are quoted at their monthly lows.

Analysts now predict significantly ahead for Litecoin in the near future, with a leading crypto analyst who points out that LTC could grow up to 80% against its BTC trading pair in the coming weeks and months.

Despite the recent tolerance of Bitcoin, the Litecoin inch is higher

At the time of writing, Litecoin is trading at more than 2% of its current value of $61.00, a slight rise from its daily lows of $59.00.

By walking away and observing the performance of one month of LTC. It is clear that its recent volatility has favored the cryptocurrency bull, as it currently trades significantly above its 30-day lows of $50 Make. Which was established at the end of October.

The recent increase in LTC is largely influenced by the recent increase in Bitcoins that arrived at the end of October after the Chinese president offered sharp comments on blockchain technology.

A popular cryptocurrency analyst on Twitter, Mitoshi Kaku, said in a recent tweet that he believed LTC could enter an axis point, which would cause it to increase significantly in the short term. Which means that the continuous boom is just beginning.

"The $ LTC week is beating the 'Pivot Week'. I think I can pay you a little attention," he said.

Can LTC be maintained for an 80% increase?

Galaxy, another popular cryptocurrency analyst on Twitter, echoed Kaku's bullish sentiment recently. Stating that he believes Litecoin could grow up to 80% against its Bitcoin trading pair in the coming months.

"New favorite: $ LTC. The day everyone starts to love again, as we believe it could happen soon," he said.
In the short term, Litecoin may see something more upward despite the slowdown in Bitcoin trading. But, in the long run, it seems that LTC will advance much more than BTC.