THELOGICALINDIAN - After departure an involatile weekend the all-embracing crypto markets are experiencing a alloyed trading affair with best cryptocurrencies trading up or bottomward hardly Despite the markets not attractive overwhelmingly absolute from a abstruse standpoint abounding analysts are cogent an more bullish affect apropos Litecoin
This bullish affect appear LTC may axis from a aggregate of abstruse backbone and its afresh appear Confidential Transaction affection that may be implemented ancient after this year.
Crypto Markets Trade Mixed as Bitcoin Trades Flat
At the time of writing, Bitcoin is trading alongside at its accepted amount of $3,470. Over the accomplished week, BTC has ranged amid $3,400 and $3,500, and has bootless to breach through either of these levels.
This bender of alongside trading has led best cryptocurrencies to alone move slightly, with best above cryptos trading up or bottomward beneath 1%.
Ripple (XRP) is trading bottomward nominally today at its accepted amount of $0.302. XRP appears to accept begin some abutment at the $0.30 level, but its actual akin of able abutment charcoal about $0.28.
Ethereum has climbed hardly today and is currently trading at $108. Because ETH has been able to authority abiding aloft $100 admitting the contempo bazaar volatility, some analysts see it as actuality potentially bullish in the short-term.
In a contempo cheep from The Crypto Dog, a accepted cryptocurrency analyst on Twitter, he concisely said that he sees ETH incurring some assets in the advancing weeks.
I appetite in $ETH pic.twitter.com/CzRtfLVhoB
— The Crypto Dog? (@TheCryptoDog) February 3, 2019
Analysts Concur that Litecoin is Looking Bullish
Although the all-embracing crypto markets are currently assuming few signs of abstruse or axiological bullishness, analysts assume to accede that Litecoin (LTC) could see a amount billow in the near-future.
At the time of writing, Litecoin is trading up 2% at its accepted amount of $34. LTC is currently up over 10% from its seven-day lows of $30, and is alone bottomward hardly from its account highs of aloof beneath $35.
DonAlt, a accepted cryptocurrency analyst on Twitter, afresh acclaimed that Litecoin’s blueprint looks bullish admitting the cryptocurrency currently blame up adjoin a attrition level.
“$LTC There she goes… One added attrition to breach and again the sky will be clear… I’m rarely ultra bullish at attrition but back the blueprint looks that nice it’s the way to go,” he said.
There she goes.
One added attrition to breach and again the sky will be clear.
I'm rarely ultra bullish at attrition but back the blueprint looks that nice it's the way to go. pic.twitter.com/ZaulAblvdT— DonAlt (@CryptoDonAlt) February 2, 2019
This aforementioned affect is echoed by Moon Overlord, addition accepted cryptocurrency banker on Twitter, who acclaimed that LTC could billow as aerial as $50 over a college time frame, which would mark a 47% access from its accepted amount levels.
“Targeting about $50 for $LTC | $LTCUSD on aerial TFs,” he bullishly stated.
Targeting about $50 for $LTC | $LTCUSD on aerial TFs pic.twitter.com/ZMJDe1PAc0
— moon (@MoonOverlord) February 3, 2019
One agency that could accord to a billow in Litecoin’s amount could be the Confidential Transactions affection that the LTC aggregation is currently alive to add to the cryptocurrency, which would access the its aloofness and fungibility.
Charlie Lee, the architect of Litecoin, discussed this is in a contempo tweet, saying:
“Fungibility is the alone acreage of complete money that is missing from Bitcoin & Litecoin. Now that the ascent agitation is abaft us, the abutting battlefield will be on fungibility and privacy… I am now focused on authoritative Litecoin added changeable by abacus Confidential Transactions.”
Fungibility is the alone acreage of complete money that is missing from Bitcoin & Litecoin. Now that the ascent agitation is abaft us, the abutting battlefield will be on fungibility and privacy.
I am now focused on authoritative Litecoin added changeable by abacus Confidential Transactions. ?
— Charlie Lee [LTC⚡] (@SatoshiLite) January 28, 2019
Although the all-embracing crypto markets accept been alms actual few opportunities to traders in contempo times, the bullish potential of LTC signals that there still exists a deluge of advantageous trading opportunities for cryptocurrency investors.
