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Crypto Giant Peter Brandt: It's Time to Watch Litecoin and XRP
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The crypto trading guru Peter Brandt states that a large buy signal was recently completed on the LTC/BTC pair. Now, Litecoin is expected to grow against Bitcoin.
Peter Brandt has also pointed the next possible highs for XRP to reach: $0.5688 and $0.6260.
Crypto charts of interest.
— Peter Brandt (@PeterLBrandt) June 6, 2019
1. $LTCBTC has completed a significant buy signal.
2. New recovery highs in XRP would be constructive with targets of .5688 and .6260. pic.twitter.com/l0GBevSGUk
Litecoin is ahead of other top 10
This morning, Litecoin was showing a rise of nearly 9 percent and was the top performing coin on CoinMarketCap. XRP came second best with a 5-percent growth.
At press time, these two assets remain the highest growing ones on the top-ten list, although their momentum is slowing down.
Yuri MolchanLTC expected to soar in August
The crypto community is looking forward to two upcoming halvings soon. The closest one will take place in August for Litecoin. The other one will cut BTC miners’ reward by half next year.
After halvings twice as fewer coins are produced by miners, therefore an asset gets more scares and its price goes up.
Presently, Litecoin is trading at around $112. In August, experts believe in may hit a maximum of $1,000.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin