Crypto analyst: Litecoin bull cycle could extend to $1,000

• Litecoin terms has soared 17% connected the time arsenic 52-week gains scope 390%

• Michael van de Poppe says LTC could interruption to $600 earlier chasing $1k

Litecoin reached an all-time precocious of $410 connected 10 May but traded to lows of $106 successful July earlier a rebound faded astir $230 successful aboriginal September. An uptick crossed the crypto markets since precocious September has seen LTC terms interruption supra $280.

During this time, Litecoin has gained implicit 40% successful 7 days and much than 60% implicit the past 30 days. The 14th ranked cryptocurrency has soared by much than 390% implicit the past year.

$LTC has erased 2 months of downside successful conscionable 2 days of upside

Welcome to Crypto#LTC #Crypto #Litecoin

— Rekt Capital (@rektcapital) November 9, 2021

Litecoin terms could surge to $1000 this bull cycle

According to crypto expert Michael van de Poppe, o is Litecoin’s bull rhythm could see a large tally towards a caller all-time high. The expert points to a imaginable surge successful LTC successful a YouTube video that besides forecasts a bullish script for XRP.

Van de Poppe says he’s “very bullish connected those older altcoins,” highlighting their method representation arsenic a crushed to beryllium optimistic of caller gains.

Looking specifically astatine Litecoin’s terms action, it mirrors humanities moves seen aft extended downtrends. In 1 example, van de Poppe notes that LTC rallied much than 400% aft a large sell-off successful 2015 and repeated the outlook aft consequent carnivore markets.

Deceleration has resulted successful caller highs, adjacent aft a large dip since erstwhile highs successful 2017. The expert believes that a retest and continuation from existent levels could nonstop bulls higher.

“When we’re getting enlargement happening successful the adjacent bull rhythm of Litecoin, we could beryllium seeing the Fibonacci hold taking spot present erstwhile again. And past the 1.618 is 600 bucks, and the 2nd 1 volition astir apt pursuit toward $1,000.”

Veteran trader Peter Brandt is besides predicting an upside determination for Litecoin successful the abbreviated term, giving it an upshot to 2021 highs.

Litecoin $LTC has breached supra Sep precocious connected expanding measurement and WBBs truthful expect retest of 2021 precocious astatine 395 oregon so. pic.twitter.com/BkG0zjo8dW

— Peter Brandt (@PeterLBrandt) November 9, 2021

Litecoin is trading astatine $290 astatine the clip of writing, up 17% connected the day, and looking to widen intraday gains towards $300.