Peter Brandt claims Litecoin may revisit its February excessive
Will Litecoin be the following cryptocurrency to steal the highlight? Based on Peter Brandt, this might undoubtedly occur.
The legendary dealer notes that the O.G. altcoin has shaped an inverse head-and-shoulders sample.
A breakout from the aforementioned formation may take LTC to its Feb. 20 excessive of $247, says Brandt.
Nevertheless, he additionally warns that head-and-shoulders patterns may “fail” or “morph.” The present one could be invalidated in case of a drop beneath the $180 stage.
Litecoin is presently buying and selling at $194 on the Binance change after spiking over three p.c.
Charlie Lee throws chilly water on the NFT craze
Final week, Litecoin creator Charlie Lee has weighed in on the thrill surrounding non-fungible tokens (NFTs), calling their worth into query:
A part of the worth of proudly owning a collectible is the status to have the ability to say solely I personal it and might show the collectible. And nobody else on the planet can try this. NFT reduces that worth to solely I personal and might show the certificates of authenticity.
Previous to that, Lee also compared NFTs to the notorious preliminary coin providing (ICO) increase in 2017.
Tags: Litecoin value