Popular pseudonymous analyst Rekt Capital shares with his 347,500 followers on Twitter that Litecoin is currently following a script that could send the digital coin’s price to January 2022 levels.
According to the trader, the breaking of the resistance at $93 by Litecoin suggests that the coin may rebound to a price of $140 before the next halving.
“Litecoin’s pre-halving rally has begun. So far, Litecoin is following the green path quite nicely,” said Rekt Capital.
Like a spear
So far, Litecoin is in any case going very well and the digital currency is at a price of $ 113.46. With that, the project records an increase of 30.14 percent for the last seven days and Litecoin is at a plus of 6.54 percent for the past 24 hours.
With that, the project is doing a lot better than Bitcoin, which is up 0.77 percent for the past 24 hours and can record a plus of 1.73 percent for the last seven days.
However, do not forget that Bitcoin carries a market cap of $596.68 billion and Litecoin has a market cap of $596.68 billion. only $8.31 billion. That’s still a respectable number, but one that dwarfs Bitcoin’s market cap.
Ethereum in sight
In addition to Litecoin, Rekt Capital also has Ethereum in its sights. According to the analyst, Ethereum is on its way to the $2,275 price after holding support on the higher timeframes. “Ethereum successfully tested the $1,680 level as support and then jumped up 14 percent,” said Rekt Capital.
Now Ethereum would follow “the blue path” and that could theoretically lift the price to $ 2,275. At the time of writing, Vitalik Buterin’s project is ticking in at $1,948 and is up 1.59 percent over the past 24 hours.
With that, it even shows its heels to Bitcoin, something the number two in the market failed to do in recent weeks. In the past period, it was mainly Bitcoin that struck the clock and now Ethereum seems to be regaining some ground.
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