Litecoin has made its investors really happy. The cryptocurrency is up by 30%. In fact, Litecoin has reached its 7 months high. But it’s not just Litecoin that has jumped, Bitcoin and Ethereum are up by significant margins as well.
Some cryptocurrency traders predict that Litecoin has the potential to cross $50 itself. Their prediction is based on the fact that Litecoin’s fundamentals are strong. The prediction comes from two of the most noted traders in the cryptocurrency space, @Moonoverlord, and @CryptoDonAlt.Targeting around $50 for $LTC | $LTCUSD on high TFs pic.twitter.com/ZMJDe1PAc0 — Moon Overlord (@MoonOverlord) February 3, 2019
It’s interesting to note that @Moonoverlord had predicted a Litecoin Bull Run on February 3rd when Litecoin was down by 4.89%. @CryptoDonAlt predicted back on 31st Jan, that Litecoin might come to the #2 position on CMC.$LTC There she goes.One more resistance to break and then the sky will be clear.I'm rarely ultra bullish at resistance but when the chart looks that nice it's the way to go. pic.twitter.com/ZaulAblvdT — DonAlt (@CryptoDonAlt) February 2, 2019
Litecoin’s price increase can be noted to the latest development going on with the cryptocurrency. Recently, Charlie Lee has confirmed that Litecoin will be implementing the new bulletproof MimbleWimble extension blocks, which would enable Confidential Transactions on Litecoin. After confidential transactions, Litecoin is expected to be more safe, secure and anonymous.
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