A popular cryptocurrency analyst said that Litecoins LTC/USD recent price surge is indicative of a massive breakout.
What Happened:According to pseudonymous crypto analyst Kaleo, Litecoins recent surge appears to be the real deal as it has been long overdue for a solid pump. Kaleo tweeted, Litecoin isnt done.
Kalo explains that LTC has long periods in which it slowly moves down, followed by quick pumps, when everything else is bearish.
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The analyst said that Dogecoin DOGE/USD and LTC are always a buy when its boring during bull runs because these cryptocurrencies surge. Be patient, sell when it has a massive pump.
Alright, starting to believe this is the real deal for $LTC / $BTC.
It's long overdue for a solid pump.
Here's how Litecoin works – long periods of slowly bleeding down sideways, followed by a quick pump up to .02 BTC or so when everything else is bearish. pic.twitter.com/OV9w45ml6H K A L E O (@CryptoKaleo) November 23, 2022
Litecoin recently surpassed Solana SOL/USD in terms of market capitalization, with the latters price tumbling as a consequence of the cryptocurrency exchange FTXs collapse.
Price Action: LTC is trading at $77.28, up 0.09% in the last 24 hours, according to Benzinga Pro.
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