Litecoin Could Be The Next Crypto To Explode Like Dogecoin: Report

Litecoin could be the next crypto to explode just like Dogecoin did as it was among the top performers in the last bull market while now it is lagging behind so let’s read some more in our latest Litecoin news.

According to one crypto analyst’s take on the LTCBTC charts, it seems like Litecoin could be the next crypto to explode and will follow the DOGE footsteps by shooting higher in the days ahead once the range breaks. The crypto market is on fire and the coins of all market cap sizes are exploding in ROI. Top coins from the last market cycle like BTC, ETH, and Doge set new all-time highs but Litecoin lagged behind for some reason.

Litecoin referred to as digital silver and in the past, it even led the altcoin seasons but now it has been trailing behind other coins but that could soon change according to one crypto analyst. He believes That litecoin will “Teleport” higher on the BTC trading pair just like Dogecoin. The boost on the BTC trading pair will cause the USD value of LTC to catch up on the rest of the crypto industry and the charts are showing that LTC trades against BTC while being stuck in a tight trading range for the past 300 days. Once the ranges break, LTC could shoot higher.

Layered behind the LTCBTC price action on the charts, is the DOGEBTC pair. The two altcoins have always followed a similar path with each one peaking and matching well. In the current market cycle, Litecoin was left behind for a longer time and now it is ready to explode. This could all end soon enough if the move ends up in a similar manner as what happened to Doge as it teleported to the upside. Once DOGE broke out against BTC, the DOGEBTC trading pair saw a one-day climb of 1000% before retracing but the price remained high on the pair.

Another breakout on the LTCBTC trading pair is what LTC needs to get the party started but when will that happen, remains to be seen. As reported recently, The Litecoin creator Charlie Lee is not convinced on the NFT hype as for those who don’t know, these are types of cryptographic tokens that can be used to represent something unique like art or real estate in the real world.