Top Analyst Predicts Massive Litecoin Price Surge

Renowned investor and commodity trader Peter Brandt has ignited excitement within the crypto community by suggesting that Litecoin (LTC) could surge to $420.

This prediction comes as LTC experiences a notable 21% price jump, accompanied by a spike in trading volume, signaling growing confidence among investors. Brandt’s comments have further fueled speculation that Litecoin might replicate XRP’s recent dramatic rally.

Can $LTC pull another $XRP???? pic.twitter.com/kSgY0ATfMU

— Peter Brandt (@PeterLBrandt) December 2, 2024

The ongoing momentum for Litecoin has been driven by renewed interest in the crypto market, partly due to developments such as the resignation of U.S. SEC Chair Gary Gensler, which has heightened bullish sentiment. Many traders anticipate significant gains for top altcoins alongside Bitcoin as market optimism grows.

Adding to the enthusiasm, speculation around a potential Litecoin ETF approval in the U.S. has captured traders’ attention. In a recent social media post, Brandt shared a chart projecting a possible Litecoin rally to $420. His remark, “Can LTC pull another XRP?” has sparked debate, drawing parallels between Litecoin’s trajectory and XRP’s recent success.

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XRP Surpasses USDT to Become World’s Third-Largest Cryptocurrency

XRP recently crossed the $2 milestone and overtook Solana and Tether (USDT) in market capitalization, boosting market optimism. Brandt’s comparison between LTC and XRP has stirred discussions about whether Litecoin is on the verge of a similar breakout.

Alexander Stefanov