A popular crypto analyst said on Wednesday that Litecoin LTC/USD is gagging to reach the $100 mark.
What Happened: Pseudonymous analyst Bluntz told his 210,000 followers on Twitter that once the highs (are) clear investors have to just wait for the next leg up.
looks like $LTC is gagging for a proper run to $100 once the highs clear, had a nice few days of re-accumulation and now we just wait for the next leg up.
$0 spot fees https://t.co/zHX9WYRMOM pic.twitter.com/Q5PrB48p0I Bluntz (@SmartContracter) November 30, 2022
At the time of writing, LTC was trading at $77, up 40% in the last 30 days, according to CoinMarketCaps top gainer list.
According to the analyst, $80.14 is the crucial mark, above which LTC can see a breakthrough. Data from LunarCrush shows that LTCs market cap is up 2.3% to $5.4 billion in the last 24 hours.
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Meanwhile, in a recent tweet, popular trader John Bollinger said that LTC has woken up from slumber.
While $BTC and $ETH have gone to sleep, $LTC has woken up! John Bollinger (@bbands) November 29, 2022
Recently, whales accumulated more than $40 million worth of LTC in just two weeks. Earlier this month, Texas-based money transfer giant MoneyGram also allowed its customers to buy and sell the altcoin on its mobile app.
LTC Foundation said over 60 million Litecoin have been in cold storage for more than one year, sending bullish signals to investors.
The Dogecoin DOGE/USD relative also surpassed meme coin Shiba Inu SHIB/USD by market capitalization, climbing to 13th place.
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