Litecoin Breaks $335 for First Time Since Dec 2017, Analyst Says ‘$1000 Is Imminent’

On Saturday (April 17), Litecoin ($LTC) broke through the $335 level for the first time since December 2017. Although HODLers are delighted with the 143% gain (vs USD) so far in 2021, one crypto analyst believes the LTC price is headed much higher.

Data by TradingView indicates that, on crypto exchange Coinbase, at 09:07 UTC on April 17, the Litecoin price hit $335.35, which is today’s intraday high, as well as the highest price Litecoin has seen since 20 December 2017.

Currently (as of 18:00 UTC on April 17), Litecoin is trading at $302.90, which means that Litecoin is down 1.15% (vs USD) in the past 24-hour period. As for the year-to-date period, Litecoin is up 143.44% (vs USD).

On Friday (April 16), popular pseudo-anonymous crypto analyst and trader “Kaleo” gave his 206.5K followers on Twitter this price prediction for Litecoin:

Yesterday, John Kim, who is Chief Evangelist at Litecoin Foundation, released a video (in response to a reuqest by Jessica Walker, a Media Specialist at Bitpanda), in which he talked about what makes such an attractive cryptoasset for many people.

Featured Image by “EivindPedersen” via Pixabay.com

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a high risk of financial loss.

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