On Saturday (April 17), Litecoin ($LTC) broke through the $335 level for the first time since December 2017. Although HODLers are delighted with the 143% gain (vs USD) so far in 2021, one crypto analyst believes the LTC price is headed much higher.
Data by TradingView indicates that, on crypto exchange Coinbase, at 09:07 UTC on April 17, the Litecoin price hit $335.35, which is today’s intraday high, as well as the highest price Litecoin has seen since 20 December 2017.
Currently (as of 18:00 UTC on April 17), Litecoin is trading at $302.90, which means that Litecoin is down 1.15% (vs USD) in the past 24-hour period. As for the year-to-date period, Litecoin is up 143.44% (vs USD).
On Friday (April 16), popular pseudo-anonymous crypto analyst and trader “Kaleo” gave his 206.5K followers on Twitter this price prediction for Litecoin:
Remember the plan for Litecoin.
$1000 is imminent. pic.twitter.com/pWOCnbIHDA
— K A L E O (@CryptoKaleo) April 16, 2021
Yesterday, John Kim, who is Chief Evangelist at Litecoin Foundation, released a video (in response to a reuqest by Jessica Walker, a Media Specialist at Bitpanda), in which he talked about what makes such an attractive cryptoasset for many people.
— @JohnKim77 (@JohnkimLTC) April 16, 2021