A widely followed crypto trader is expressing positive sentiment toward Bitcoin (BTC) alternative Litecoin (LTC).
Crypto strategist Justin Bennett tells his 111,800 Twitter followers that he is bullish on Litecoin and expects the 14th-largest crypto asset by market cap to even outperform the king crypto.
According to the analyst, LTC is likely to continue holding between a low of around $30 as its support and $465 as its resistance zone into 2023, a pattern it displayed in 2022.
“I’m bullish on LTC in the short term, especially against BTC, but there’s no reason to think we won’t see this play out again in 2023.”
Source: Justin Bennett/Twitter
Litecoin is trading at $76.81 at time of writing while Bitcoin is changing hands at $16,994. The Litecoin/Bitcoin (LTC/BTC) pair is up by nearly 70% over the past 30 days and by more than 20% in the last two weeks.
Turning to Ethereum (ETH), the crypto analyst says that the second-largest digital asset by market cap is likely to fall af
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