In his tweet, he wrote that he has “never once seen an XRP transaction done in the real world” and questioned the lack of blockchain analytics available for XRP. He went further to say that he concludes that XRP is a psychological operation designed to distract people.

Quick recap of my experience working in payments of #XRP vs #Litecoin. I have never once seen a XRP transaction done in the real world. Where are the blockchain analytics?? My conclusion is that XRP is a psychological operation meant to distract you. pic.twitter.com/q8BJrCjpSp

— Jonny Litecoin (@jonnylitecoin) September 1, 2025

Explanation in His Video

In the video attached to the tweet, Jonny Litecoin expanded on his statement by explaining his history of working with payments. He began by outlining the differences between Litecoin and XRP. He noted that Litecoin was created similarly to Bitcoin, with 84 million coins instead of 21 million.

He emphasized that Litecoin, like Bitcoin, is mined, which gives it a cost of creation and a cost of production. He argued that anything with value requires energy to produce, and this process is part of what gives Litecoin its value.

In contrast, he described XRP as not being mined and not using proof of stake. Instead, he said that XRP was created by the company Ripple, and that investing in XRP is essentially the same as investing in Ripple itself. He positioned this difference as a key factor in why he views Litecoin as operating in a fundamentally different way compared to XRP.

Observations on Payments

Jonny Litecoin then explained his experience setting up and managing crypto payment gateways. He stated that through his work, he has seen transactions come in for Bitcoin, Ethereum, Dash, DigiByte, Bitcoin Cash, and other cryptocurrencies.

However, he said that he has never seen a single XRP transaction appear in the analytics of these systems. According to him, despite years of working directly with payment gateways, XRP has not been a part of the activity he has observed.

He added that in his personal experience, he has only helped two people move XRP out of exchanges into private wallets. He said he asked those individuals why they were interested in XRP, and they answered that “spirit” had guided them toward it.

His Conclusion About XRP

Based on his experiences and observations, Jonny Litecoin said that he views XRP as a psychological operation, a distraction rather than a practical payment solution. He said no public blockchain data or analytics confirm the claims of billions moved in seconds, and he stressed that he wants proof and verifiable data. He also questioned the repeated claims that XRP would replace or take over the SWIFT system, calling it “a crypto fairy tale.”

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He concluded by reinforcing that Litecoin operates in what he described as the real world, pointing to its verifiable transactions and energy-backed creation process. In his view, XRP does not meet these same standards, and he positioned Litecoin as the asset with practical use in payments compared to XRP.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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According to the analysis shared on X, 78% of Litecoin addresses have held their LTC for over a year, demonstrating an accumulation pattern during bear markets and distribution near peak price levels. This provides valuable context for assessing market sentiment and potential future price movements.

78% of Litecoin addresses have held their $LTC for over a year, typically accumulating during bear markets and selling near peak prices.

In this cycle, the slight decrease in long-term holdings is less marked than in past cycles, indicating that many holders are expecting… pic.twitter.com/nB7YuoYEKv

— IntoTheBlock (@intotheblock) December 19, 2024

Litecoin (LTC) Accumulation in 2024

The data illustrates the consistent role of long-term holders in Litecoin’s market. Historically, these holders have exhibited patience, building positions during periods of low market activity. The accumulation during bearish phases aligns with strategic investment approaches, often reflecting confidence in Litecoin’s long-term value.

Conversely, as market cycles progress toward price peaks, these same holders have tended to realize gains, contributing to short-term volatility. An intriguing aspect of the current market cycle is the relatively small decline in long-term holdings compared to previous cycles.

This suggests a shift in market sentiment, with many long-term investors maintaining their positions despite price fluctuations. IntoTheBlock notes that this trend may indicate “expectations of further price growth,” signaling optimism regarding Litecoin’s future performance.

Litecoin (LTC) Holders Beginning to Sell

Although the hodlers have risen in 2024, the chart shows sell-offs during notable rallies. LTC experienced this in 2018 and 2021 when it reached new all-time highs. There was also a slight dip in early 2024 when Bitcoin rose to a new all-time high above $67,000, and Litecoin crossed $100 for the first time in almost a year.

The end of the chart also shows this intriguing pattern, as the hodlers are beginning to drop. Litecoin recently experienced a massive resurgence, surpassing $120 for the first time since 2022, and it seems some investors are taking profits.

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— TimesTabloid (@TimesTabloid1) July 15, 2023

Is Litecoin About to Climb?

Despite this dip, LTC hodlers are still the highest in the asset’s history. This fact, combined with the long period they have held the tokens, reinforces the point made by IntoTheBlock that these token holders are anticipating a bigger price surge.

The incoming Donald Trump administration is bringing a crypto-friendly SEC Chair and pro-crypto policies and regulations that could help the market climb further. Litecoin has maintained a loyal base of long-term investors.

This base has likely contributed to price stability, even during periods of heightened volatility across the broader cryptocurrency market, and it seems they might reap rewards for their loyalty.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Litecoin (LTC): Rising from the Dip – 5% Down but 20% Up

Despite a recent 5% dip from last week, Litecoin (LTC) remains a beacon of potential in the cryptocurrency market, currently trading at around $83.16. Remarkably, LTC has surged by over 20% in the past month alone, demonstrating its resilience and appeal among investors. As one of the earliest cryptocurrencies, LTC has established itself as a reliable choice, thanks to its fast transaction speeds and low fees. Moreover, Litecoin’s upcoming MimbleWimble upgrade promises enhanced privacy features, further bolstering its allure. With Bitcoin (BTC) and Ethereum (ETH) undergoing corrective phases, analysts anticipate LTC to resume its upward trajectory, paving the way for another surge in its price. As the crypto community eagerly awaits LTC’s next move, anticipation mounts for what could be a significant rally in the near future.

Binance Coin (BNB): Weathering the Storm with 50% Growth and Stability

Despite recent market fluctuations, Binance Coin (BNB) continues to demonstrate resilience and stability. Currently priced around $564, BNB has seen a slight uptick of approximately 1% since yesterday, poised to recover its previous week’s position. Impressively, it maintains a remarkable 50% increase from last month’s price, showcasing its consistent growth amidst market volatility.

BNB’s reliability stems from its robust features and ecosystem. As the native token of the Binance ecosystem, BNB offers various utilities, including reduced trading fees, participation in token sales, and access to decentralized finance (DeFi) applications on the Binance Smart Chain (BSC). Its widespread adoption across the Binance platform and beyond enhances its value proposition, making it a preferred choice for investors seeking stability during market downturns.

Moreover, BNB’s long-term prospects are bolstered by its role in powering the Binance Smart Chain, a blockchain platform known for its high throughput and low transaction fees. With the growing popularity of decentralized applications (dApps) and decentralized finance (DeFi) protocols, BNB stands to benefit from increased network activity and usage.

Investing in Binance Coin (BNB) during market downturns presents an opportunity to capitalize on its stability and potential for long-term growth. With its strong fundamentals, widespread adoption, and utility within the Binance ecosystem, BNB remains a reliable investment option for those looking to navigate through volatile market conditions.

Furrever Token (FURR) Is About to Finish Stage 4 of Presale, Offering 15X Returns to Investors

Furrever Token (FURR) presents a compelling investment opportunity amidst the cryptocurrency market landscape. Priced attractively at $0.000312, FURR has already gained significant traction and funding, reflecting investor confidence in its unique features and potential for growth. The ongoing presale has surpassed the impressive milestone of $420,000, showcasing strong demand and interest in the project. This success underscores FURR’s viability and sets a solid foundation for further development.

One of FURR’s standout features is its community-centric approach, fostering engagement through adorable cat-themed visuals and immersive experiences. This emphasis on community building enhances user loyalty and enthusiasm, contributing to the project’s long-term sustainability. Additionally, FURR’s transparent development model inspires trust and confidence among investors, ensuring transparency and accountability in project governance.

Moreover, FURR offers investors the potential for significant returns, with the opportunity to earn up to 15X during the presale stages. This lucrative prospect incentivizes early investors to capitalize on FURR’s promising trajectory and growth potential. With its current price and the momentum gained through the presale success, FURR emerges as a compelling investment option for those seeking exposure to the cryptocurrency market.

Overall, Furrever Token (FURR) presents a unique blend of community engagement, transparent development, and lucrative investment opportunities. As the project continues to progress through its presale stages and beyond, FURR aims to deliver value and innovation, positioning itself as a promising player in the cryptocurrency space. Investors looking to diversify their portfolios and capitalize on the potential for significant returns should consider FURR as an exciting investment opportunity.

Final Words

In the ever-evolving landscape of cryptocurrency, Litecoin (LTC), Binance Coin (BNB), and Furrever Token (FURR) showcase the diverse opportunities available to investors. While LTC and BNB demonstrate resilience and stability amidst market fluctuations, FURR’s remarkable progress in its presale journey offers lucrative returns potential. With LTC poised for a potential rally and BNB’s strong fundamentals driving long-term growth, investors have a range of options to consider. Meanwhile, FURR’s community-centric approach, transparent development, and presale success position it as a promising contender in the crypto space. As investors navigate through dynamic market conditions, these three coins represent compelling opportunities for those seeking to capitalize on the evolving crypto landscape.

Discover the Most Exclusive Presale Opportunity of 2024 Now:

Furrever Token Official Website  |   Visit Furrever Token Presale

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Like Bitcoin (BTC), the largest cryptocurrency by market cap, Litecoin’s block-halving events play out every four years. As of the time of writing, Litecoin occupies the 11th position in the market with the market capitalization of $6.5 billion, and changing hands at around $89, according to CoinMarketCap.

LITECOIN HAS SUCCESSFULLY HALVED ITS BLOCK REWARD!

$LTC pic.twitter.com/iemCnkPsdu

— Litecoin (@litecoin) August 2, 2023

Read Also: Whales On LTC Accumulation Spree As Litecoin Halving Event Counts Down. Here’s the Significance

Litecoin halving events always precede Bitcoin halving, which is expected to play out anytime in April 2024. As Litecoin halving usually impacts the price of LTC, Bitcoin’s version of halving always carries the whole market on its back, resulting in many price all-time highs in the altcoins market.

Litecoin launched in October 2011 with 50 LTC as initial block rewards. The network’s last halving is estimated to take place in 2142. Litecoin miners have mined 87% of the network’s 84 million total coins, according to CoinMarketCap.

Google Bard: Some Analysts Believe LTC Could Reach $500, $600, or $1,000 After Halving

The Litecoin halving event that just happened has reduced the block reward earned by miners by half, thereby increasing and potentially impacting LTC price dynamics. Traders and investors usually seize moments like this to accumulate coins in numbers.

As many analysts and crypto pundits were coming up with speculations, TimesTabloid also consulted Google Bard, an artificial intelligence (AI) chatbot created by Alphabet, regarding the price trend to expect for LTC following the halving event.

Read Also: Litecoin (LTC) Price Prediction As Upcoming Halving Activates Buying Pressure

According to Bard, it’s difficult to predict, but there are three factors that could influence the price of LTC. The bot listed the factors as follows: the overall state of the cryptocurrency market, the demand, and the supply of Litecoin.

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— TimesTabloid (@TimesTabloid1) July 15, 2023

Overall State of the Cryptocurrency Market: Per Google Bard, if the cryptocurrency market is bullish, it’s likely to impact the Litecoin price positively after halving. However, if the market is bearish, the halving may have no good impact on the LTC price.

The demand for Litecoin (LTC): The bot also said the demand for LTC after halving will determine whether there will be an increase or decrease in price.

The supply of Litecoin (LTC): Google Bard said after the halving, the supply of new Litecoin entering the Market will be reduced, which could clearly lead to an increase in price, as there will be less supply to the demand.

In conclusion, Google Bard said, “Based on these factors, some analysts believe that the price of Litecoin could reach $1,000 after Halving. However, others believe that the price could only reach $500 or $600. It is impossible to say for sure what the price will be, but it is likely to increase in the long term.”

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This highly anticipated event has generated substantial excitement among investors, leading to increased buying activity and creating a favorable environment for Litecoin’s future prospects.

Recall that TimesTabloid reported a heavy accumulation of LTC by whales, which is an indication of a positive sentiment surrounding the crypto project at the moment.

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— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: Litecoin Millionaire Addresses Keep Surging As Halving Is Within a Month Away and LTC Bull Run in Sight

Understanding the Litecoin Halving Mechanism

Litecoin operates on a unique system called halving, wherein the rewards for mining the coin are halved approximately every four years.

This approach not only helps maintain the scarcity of the digital currency but also triggers a surge in prices driven by heightened market interest. The recent halving event has captured the attention of investors, paving the way for Litecoin to potentially achieve new record highs.

Litecoin Price Prediction: Reaching the $1000 Mark?

Litecoin (LTC) has been exhibiting promising signs of reaching a significant price level after the much-anticipated halving. Traders and investors have rekindled their enthusiasm for the coin, propelling its price on an upward trajectory. While it is important to exercise caution due to the inherent volatility of the cryptocurrency market, the current momentum appears to favor Litecoin’s continued growth.

As the halving event counts down, Litecoin has set itself on an exciting path forward. As the dust settles, market observers eagerly anticipate how the cryptocurrency will leverage its newfound momentum.

Will it break new records or will the impact of the halving gradually subside? It is worth noting that Litecoin’s success in reaching the $1000 mark is closely tied to the overall performance and trajectory of the broader crypto market.

At the time of writing, LTC is trading at $89.19, with a relatively 5% price downtrend in the last 24 hours.

Read Also: Litecoin (LTC) Price Projection: Veteran Trader Peter Brandt Foresees a 700% Surge in Value

A Promising Future for Litecoin (LTC)

Undeniably, Litecoin’s halving event has acted as a significant catalyst, prompting a surge in buying activity that has the potential to drive the coin to new heights.

As the market continues to respond to this upward trend, Litecoin finds itself on the cusp of an exciting future. Investors and industry experts alike will closely monitor the unfolding events as Litecoin endeavors to explore uncharted territories in the cryptocurrency market.

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According to insights from Santiment shared by popular analyst Ali Martinez, Litecoin whales have purchased over 590,000 LTC, worth approximately $59 million, in the past 48 hours.

#Litecoin whales have bought over 590,000 $LTC in the last 48 hours, worth around $59 million! pic.twitter.com/RtHpuzSkFt

— Ali (@ali_charts) July 18, 2023

This ongoing accumulation trend seems to align with the anticipation of the upcoming halving event in the Litecoin protocol. Scheduled for August, the halving is widely acknowledged as one of the most significant events for the protocol.

Read Also: Litecoin (LTC) Halving Countdown: Important Details to Keep in Mind

The halving introduces potential positivity to Litecoin as it slashes block rewards for miners in half. As a result, the production rate of LTC coins will be reduced, creating a deflationary characteristic that, when coupled with increasing demand, could potentially drive the price upwards.

Litecoin (LTC), in sync with many altcoins, is currently showcasing bullish potential, propelled by a combination of positive factors. As of now, the coin has risen by relatively 2% to reach $94.83, aiming to recover from the losses incurred during the previous week.

Litecoin’s Surge: A Convergence of Positive Factors

In its current stage, Litecoin is witnessing a convergence of favorable circumstances that collectively shape investor sentiment across the market.

Alongside the highly anticipated halving event, Litecoin has been steadily gaining prominence in the field of payments, achieving new records and milestones. With over 170 million transactions processed on its network to date, Litecoin stands out as one of the few protocols maintaining 100% uptime since its inception.

Additionally, the emergence of Ordinal Inscriptions on the Litecoin network highlights the protocol’s adaptability and innovative capabilities.

With whales accumulating LTC ahead of the halving event and the series of positive developments in both the payment sector and technical advancements, Litecoin remains poised for further growth and continued investor interest.

Read Also: Litecoin (LTC) Price Projection: Veteran Trader Peter Brandt Foresees a 700% Surge in Value

Institutional Interest and Market Sentiment

Litecoin’s recent surge in value is further amplified by the increasing institutional interest and positive market sentiment surrounding the cryptocurrency. Institutional investors have started to take note of Litecoin’s potential as a digital asset with established credibility and longevity. This growing interest from institutional players brings a sense of validation and confidence to the market, attracting more investors to join the movement.

Moreover, the overall market sentiment surrounding Litecoin has been overwhelmingly positive. The community’s belief in the coin’s long-term prospects has sparked enthusiasm and engagement, fueling further demand. As a result, Litecoin has gained significant traction and is viewed as a favorable investment option both for short-term gains and as a strategic long-term asset in the ever-evolving cryptocurrency landscape.

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For Context, Litecoin is a cryptocurrency built on proof-of-work consensus, implying that the coin has a dedicated decentralized system with protection from widely distributed ecosystem miners.

Read Also: Litecoin (LTC) Price Projection: Veteran Trader Peter Brandt Foresees a 700% Surge in Value

Meanwhile, halving is a reward system in proof-of-work (PoW), affording miners opportunities to earn benefits in the form of cryptocurrencies dedicated to that particular PoW system to which a crypto user contributed significantly to its growth. Bitcoin (BTC) miners will receive rewards in the form of BTC, while Litecoin miners will amass. LTC.

Litecoin Halving: What Does This Event Hope To Achieve?

With regards to Litecoin, halving entails a decrease in LTC emission per block after every four years. On completion of the third halving event, miners’ reward will reduce to about 6.25 LTC per block, implying a 50% decrease. Judging by LTC’s current price of $101.50, owners of Litecoin mining rigs will amass approximately $634.375 every 2.5 minutes.

Litecoin (LTC) Halving Event Date

In every PoW system, halving occurs after mining a specified amount of blocks. For Bitcoin, it happens after every 210,000 blocks. For LTC, it takes place after every 840,000 blocks, implying that no designated dates for the event exist. Rather, halving depends on the block speed in a particular blockchain.

Notably, Litecoin incorporates new blocks roughly every 150 seconds. According to Litecoinblockhalf, the Litecoin Block Reward Halving Countdown portal, its third halving event is expected to play out on August 2, 2023, at 17:11:25 p.m. UTC.

Impacts Of The Halving Events On Litecoin Price Performance

Litcoin’s Halving events are not known to be accompanied by significant price changes. However, two previous rallies that played out on August 25, 2015, and August 5, 2019, were associated with massive bullish runs.

In the first post-halving phase, LTC spiked massively, ascending from $3.98 to $314 after 28 months. In addition, its crypto space capitalization massively skyrocketed from $4.8 billion to $848 billion.

In the second post-halving period, Litecoin attained an all-time high after 23 months, spiking from $95 to $354 and equalling a 273% surge. In the same vein, its market capitalization increased from $248 billion to approximately $3 trillion.

Read Also: What Is MimbleWimble Upgrade and What Does It Bring to Litecoin Network? Details

Litecoin (LTC) Halving Event: Ecosystem Impacts

LTC’s first post-halving phase saw the token trigger improved support for sidechains, opening research into lightning network payments media and other scalability solutions.

In the subsequent post-halving period, Litecoin worked on MimbleWimble feasibility via long-standing research work. It is worth noting that the MimbleWimble serves as a privacy mechanism for transaction obfuscating, implemented in the past through the Beam (BEAM) blockchain.

Bottom Line

By approximately 2142, which might be the year for the final halving event, block rewards will be no more as they must have declined to zero based on our estimated calculations. The conclusion of the last halving event implies that all 84 million LTCs must have been released into circulation.

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On its part, Litecoin failed to meet up with the crypto market hype until Friday, when it surged by 30%, exceeding the critical support level at $100. A well-known trader Peter Brandt is also bullish on the price of the digital asset.

Read Also: Litecoin (LTC) To Breakout Soon After Years of Accumulation, Expert Analysts Forecast

Litecoin (LTC) Surged From $72 To More Than $100: Possible Contributing Factors?

In June, the LTC price spiked by over 50%, shifting from a $72 low to a $110.80 high. Many factors appeared to have contributed to Litecoin’s rise in worth. The most significant factor is the halving event set to hold on August 2, which will decrease the block reward from 12.5 coins per block to 6.25 coins per block.

In light of the anticipated halving event, whales seem geared up in expectation. The whale alert already has records of numerous transactions of whales stacking LTC estimated to be worth millions on Binance.

Meanwhile, in a more exciting update, Litecoin reportedly processed about half a million transactions for the first time since this quarter started, almost matching Bitcoin’s May daily transactions.

Peter Brandt Says Litecoin (LTC) is Set for a Breakout

Per Peter Brandt, the annual $110 price high has become a strong support level. Also, in addition to price action, indicators seem to imply the potential for a bullish run in LTC price soon.

Major breakout $LTC pic.twitter.com/YDvuopLUhN

— Peter Brandt (@PeterLBrandt) July 1, 2023

Read Also: MoneyGram Launches New Service to Enable the Purchase of Bitcoin, Ethereum, and Litecoin

Scott Melker, popularly known as the wolf of all streets, noted SEC’s chairman’s acknowledgment of Bitcoin Cash, Ethereum, Bitcoin, and Litecoin as commodities, could also contribute to LTC price growth.

Melker cautioned that should the crypto community fail to fight off the SEC’s unyielding security stance, Americans might end up trading only the four cryptocurrencies mentioned above.

Litecoin (LTC) Market Activities: Attractive? 

Per CoinGecko, Litecoin’s price today is $108.07 and reflects a decline of 3.9%. In the past week, it recorded maximum and minimum price levels at $113.91 and $82.63, respectively. LTC price movements are testimonies of an impressive market trend that would attract more users to the crypto project.

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Bitcoin is not spared from this fate as the analysis from a top trading expert and analyst Michaël van de Poppe in a recent YouTube video revealed that Bitcoin (BTC) is currently in a short-term consolidation phase characterized by instability. The current state of Bitcoin is making investors turn their eyes toward altcoins. But which altcoin shows the most promise?

Read Also: Top Legal Analyst Outlines How XRP Case Would Influence Binance and Coinbase Lawsuits

XRP Ascent to $1

A closely followed analyst Michaël van de Poppe attributed XRP’s price direction to the ongoing lawsuit against Ripple. His analysis pointed out a potential breakout scenario for the digital currency.

According to Michaël van de Poppe, if XRP successfully overcomes its resistance level at $0.52, it could rage toward the $1 mark. In Poppe’s words, “a flip in that resistance zone” is the safest and most profitable place for an investor to purchase XRP.

Michaël van de Poppe noted:

“If we break the resistance, I think that we can start expanding to $0.75 but most likely start expanding towards a dollar or more. To crack this resistance zone, a flip of that resistance zone is where you want to start getting into a trade.”

It’s worth noting that the digital asset was trading at around $0.49 when the analyst made the video. But at the time of writing, XRP has soared beyond the $0.52 resistance level, according to CoinMarketCap.

Read Also: Crypto Strategist Ali Martinez Reveals Most Accurate XRP Price Predictor

LTC’s Emergence

In the case of Litecoin (LTC), Poppe predicted a likely upward trend leading up to the halving event which would likely contribute to the token’s valuation. He pointed out that based on the recent price trend, LTC is set to display “a classic ascending triangle structure” and break out of its consolidation phase.

LTC currently faces a resistance at $100, and the probability of overcoming this level will be dependent on reclaiming $92.

Read Also: BitBoy Team Predicts an Astonishing $540 Litecoin (LTC) Price. Here’s the Timeline

However, the analyst highlighted that it could take several weeks for the anticipated scenario to unfold.

In the meantime, the analyst cautioned that despite the current downward trend of the prices of altcoins generally, based on the weekly candle chart, the overall market appears to be heading towards a bearish future which would last a short term.

Michaël van de Poppe said:

“We are having a classic ascending triangle structure, we are also having this resistance here at $100 to $105… If we are going to break back above, which is based on the level around $92. If that level breaks and we can have an expansion.”

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Presently on CoinGecko, Litecoin sells for $91.35 and is down 1.2% in the last 24 hours. A 490% increase in LTC price tokens based on the prediction from Bitboy and his team mathematically implies that LTC tokens could skyrocket up to an estimated $540 price mark.

Read Also: What Is MimbleWimble Upgrade and What Does It Bring to Litecoin Network? Details

Ajwritescrypto, one of the team members on the Bitboy YouTube channel, noted that for new crypto investors, Litecoin might not be an option, but still a reasonable option for long-term investments.

Furthermore, Ajwritescrypto ascertained that LTC’s current 72,987,970 circulating supply from a total and maximum supply of 84,000,000 could ascend to a 76,400,000 circulating tokens supply by November 2025.

What’s the Basis of the Analyst’s Litecoin (LTC) Bullish Prediction?

To deduce his prediction for Litecoin (LTC), the analyst used an equation of price equals market cap divided by circulating supply. In his claim, he presented two vital scenarios. In the first scenario, he projected a $48.28 billion market cap, which could see LTC trading at around $630. This also represents a relatively 588% increase from current prices.

In the second scenario, Ajwritescrypto suggested a $517 Litecoin (LTC) price, which requires a $39.5 billion market capitalization.

The team thereby concludes that LTC could surpass its previous all-time high in the next bull run with a price between $500 to $540, representing a 490% surge in price.

Welcome to the weekly Price Prediction Department with @Ajwritescrypto! We're going to be exploring Litecoin. And at the end of this video, I'm going to give you my exact price prediction for Litecoin at the top of the next bull run! https://t.co/fCb5ZopqbK pic.twitter.com/CUzTzGMVRl

— Ben Armstrong (@Bitboy_Crypto) May 23, 2023

Read Also: Litecoin (LTC) To Breakout Soon After Years of Accumulation, Expert Analysts Forecast

Litecoin (LTC) Lethargic Growth in Price

Ajwritescrypto mentioned that Litecoin does not seem to be considered an investment option for new crypto traders; this could be because LTC tokens so far remain one of the worst-hit crypto assets in the present bearish market rampage.

Despite a 12% decline already experienced in early May, there is a possibility that Litecoin could drop below the $70 price mark if the bearish pattern persists.

Bitboy’s Previous Assertions

In previous news, Bitboy claimed that one must hold at least 159,000 tokens to become an XRP millionaire. Also, Bitboy predicted a price retracement for Ben coins after a 1000% rally. Bitboy is known widely for many of his predictions. Although some of his predictions come with backlashes from the crypto community members, this hasn’t deterred him from hearing his opinion regarding crypto assets.

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