Peter Brandt claims Litecoin may revisit its February excessive
Will Litecoin be the subsequent cryptocurrency to steal the highlight? Based on Peter Brandt, this might undoubtedly occur.
The legendary dealer notes that the O.G. altcoin has fashioned an inverse head-and-shoulders sample.
A breakout from the aforementioned formation may take LTC to its Feb. 20 excessive of $247, says Brandt.
Nevertheless, he additionally warns that head-and-shoulders patterns may “fail” or “morph.” The present one can be invalidated in case of a drop beneath the $180 degree.
Litecoin is at the moment buying and selling at $194 on the Binance change after spiking over three %.
Charlie Lee throws chilly water on the NFT craze
Final week, Litecoin creator Charlie Lee has weighed in on the joy surrounding non-fungible tokens (NFTs), calling their worth into query:
A part of the worth of proudly owning a collectible is the status to have the ability to say solely I personal it and may show the collectible. And nobody else on the planet can do this. NFT reduces that worth to solely I personal and may show the certificates of authenticity.
Previous to that, Lee additionally in contrast NFTs to the notorious preliminary coin providing (ICO) growth in 2017.