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Simon Chandler
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Simon Chandler
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Litecoin has jumped by 10% in the past 24 hours, racing to $130 as the cryptocurrency market remains flat today.
LTC has now reached its highest level since February 2022, with the alt up by 46% in a week and by 92% in a month.
Yet what’s particularly bullish about Litecoin is that it’s still a long way down from its ATH of $410, which it set back in May 2021.
In other words, it still has lots of catching up to do, and with discount-hungry investors piling into it, it could continue to rise to new highs over the coming weeks.
Litecoin Surges to Two-Year High – How Quickly Can LTC Hit $1,000?
LTC’s current rally began at the end of the weekend, when its relative strength index (purple) rose as high as 80, which usually indicates overbuying.
However, Litecoin rose even higher after the RSI dipped to 50 yesterday, and it seems that it could do the same thing again today.
Its trading volume remains very high at $3.8 billion, which is its highest for well over a year.
This signals very strong demand from buyers, with bullishness stemming not only from the general bull market, but from expectations that Litecoin could be one of the next coins to benefit from an ETF.
And when you add the fact that LTC is still 68% down from its ATH of $410, it has lots of potential for rallying more aggressively than many other major tokens in the next few weeks, if not for longer.
It’s also worth remembering that after Bitcoin, Ethereum, Solana and XRP, Litecoin is the most popular cryptocurrency among digital asset funds, according to data from CoinShares.
This raises the possibility of Litecoin ETFs, given that there is a pre-existing demand for such funds.
And based on such factors, as well as on the bullishness that has followed last month’s US election, many holders and traders are predicting even bigger gains for Litecoin in 2025.
It could easily reach $160 by the end of the year, before pushing on to $200 or higher in the next few months, particularly if we do see concrete news of a LTC-including ETF.
High-Potential Alternatives
For traders looking to go beyond major cryptocurrencies, there’s currently a wealth of exciting new tokens hitting the market, including several presale coins that look ready to blow up once they list.
Near the top of this list is Crypto All-Stars (STARS), an ERC-20 coin that has raised a huge $7.9 million in its soon-to-be-ending sale.
Crypto All-Stars is winning over so many investors because of its ‘MemeVault’, a first-of-its-kind protocol through which you can stake any and every meme coin.
The token’s protocol employs the ERC-1155 multi-token standard, which enables the tokenization of other coins, even cryptos not on Ethereum.
Its staking mechanism invites investors to stake their meme coins and, by holding STARS, earn extra rewards.
The more STARS tokens a user holds, the greater rewards they’ll receive for staking other coins.
STARS will have a capped supply of 42.069 billion, with 20% going to its presale and 20% to staking.
Investors can join the STARS sale by going to the official Crypto All-Stars website, where they can buy it at a price of $0.0016648.
Its sale will end in 17 days, so newcomers don’t have that much time to get involved.
But if they do act quickly, they may end up making a sizeable return, since STARS is shaping up to be one of the biggest launches of the year.
Check Out Crypto All-Stars Here Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
