The analyst claims that the altcoin is aiming at the renewal of the all-time high
Trader Peter Brandt claims that Litecoin managed to overcome the key resistance at $ 268, which the altcoin has not been able to break through since mid-May.
According to Brandt, in the near future, the cryptocurrency will continue to grow in price until the next powerful resistance level, which is near the last all-time high – $ 395 (38% growth from current levels).
Litecoin $LTC has broken above Sep high on expanding volume and WBBs so expect retest of 2021 high at 395 or so. pic.twitter.com/BkG0zjo8dW
— Peter Brandt (@PeterLBrandt) November 9, 2021
Litecoin is trading at $ 286 on November 10. Over the past three days, altcoin has risen in price by 43%, and its capitalization has increased to $ 19.7 billion, according to CoinGecko. Over the month, the price of the asset has grown by 62%.
Litecoin is a global decentralized p2p payment network built on the Bitcoin blockchain that was developed in 2011.
