Will Litecoin be able to repeat its rally?
The earthquake experienced by the crypto money market is slowly losing its effects. Crypto money investors, on the other hand, began to look for crypto coins that could break the record again in the continuation of this decline, whose effects diminished.
Litecoin Description By Famous Analyst
Guy , the expert name of Coin Bureau, one of YouTube’s most famous crypto money analysts, opened brackets especially to Litecoin (LTC) . Guy pointed out that Litecoin, which has been on the market since 2011, is not only surviving, but also on the rise. The analyst, who has an upward expectation about LTC, said:
“LITECOIN CARRIES ALL FOUR OF THE FOUR ELEMENTS I MENTIONED. USE TOOL FOR PAYMENT, VERY SOLID TOKEN ECONOMY MODEL, GLOBAL RECOGNITION AND AWARENESS, AND FINALLY A SOLID SLOGAN LIKE THE SILVER VERSION OF BITCOIN.
Indicating that Litecoin was preparing for a serious rally before the sharp decline, the analyst reminded that it was then pulled back to the $ 200 level. Stating that the interest of institutional investors in LTC has increased, the analyst emphasized that Grayscale bought 80% of the LTCs excavated in February alone.
LTC has a total market value of $ 13 billion and is trading at a unit price of $ 206. It is seen that the LTC price has lost 35% in the last 7 days, and in this respect, it can be said that it is one of the hardest hit. Although other altcoins have recovered, LTC’s still not returning to its previous level is actually an opportunity, according to the analyst.