Veteran Trader Peter Brandt Predicts Major Rally Incoming for Litecoin, Says He’s Long-Term Bullish on Bitcoin

Por The Daily Hodl - 2 anos atrás - Tempo de leitura: 2 minutos

Veteran Trader Peter Brandt Predicts Major Rally Incoming for Litecoin, Says He’s Long-Term Bullish on Bitcoin

Trading veteran Peter Brandt is a long-term Bitcoin (BTC) bull, but he’s expecting Litecoin (LTC) to outperform the leading crypto soon.

O comerciante conta his 580,000 Twitter followers that Litecoin is poised for a massive run after breaking through resistance from its September peak of $239.12.

“Litecoin has broken above September high on expanding volume and WBBs so expect retest of 2021 high at $395 or so.”

Fonte: Peter Brandt / Twitter

Brandt did not define the term “WBBs.” He could be referring to wide-bodied bars, as in the body of the candles getting wider, or the weekly Bollinger bands, a common trading indicator currently showing expansion for LTC. Regardless, both indicators point to a bullish outlook for the crypto asset.

From a low of $193 this week, LTC has shot up 47% and is currently trading at $283.94.

Aside from Litecoin’s short-term price action, Brandt is mantendo um olho on Bitcoin for the long term as a safe haven against inflation.

“There is one thing in the markets I am absolutely sure of – the declining value of the US dollar.

$1 when I was born is worth 8 cents today.

$1 today will likely be worthless when my grandkids are my age.

BTC. ”

O comerciante conta skeptics that he has plenty of experience shorting various cryptocurrencies, but has remained long on Bitcoin since April of 2019.

“Note to my trolls (assuming you can read).

Let me type this really slow so that you might understand – I have only shorted cryptos once in my life (Nov 14, 2018).

I have been continually long BTC since early Apr 2019. I want Bitcoin price to go UP (spelled U P).”

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  Isenção de responsabilidade: As opiniões expressas no The Daily Hodl não são conselhos de investimento. Os investidores devem fazer a devida diligência antes de fazer qualquer investimento de alto risco em Bitcoin, criptomoeda ou ativos digitais. Informamos que suas transferências e negociações são por sua própria conta e risco, e quaisquer perdas que você possa incorrer são de sua responsabilidade. O Daily Hodl não recomenda a compra ou venda de quaisquer criptomoedas ou ativos digitais, nem é o The Daily Hodl um consultor de investimentos. Observe que o The Daily Hodl participa do marketing de afiliados.

Imagem em destaque: Shutterstock / Elnur / Natalia Siiatovskaia

O posto Veteran Trader Peter Brandt Predicts Major Rally Incoming for Litecoin, Says He’s Long-Term Bullish on Bitcoin apareceu pela primeira vez em The Daily Hodl.

Fonte original: The Daily Hodl