Altseason expectations continue to rise again as altcoin assets climb steadily to reclaim higher targets. Among the many altcoins showing promising signs for a price surge, one asset, Monero (XMR), has gone on to set a new ATH price earlier this week. According to one reputed crypto analyst, the Litecoin price chart looks almost identical to the XMR price chart, hinting at a similar run in price. Will LTC hit a new ATH soon?
Litecoin Price Chart Looks Almost Identical to the XMR Chart
The popular privacy altcoin, Monero (XMR), went on to hit a new ATH at the $596.87 price range two days ago, just short of hitting $600. This rise was no mere pump as the price of Monero continues to rise at an accelerated pace, entering a bullish price discovery phase. Indeed, the price of XMR continued to surge in an upward rally since then and is showing no signs of slowing down.
As of now, according to CoinMarketCap analytics, the price of XMR has gone up by over 8% in the last 24 hours, over 60% in the last 7 days, and over 75% in the last 30 days. This marks a monumental rise in the price of XMR and further highlights the rising popularity of privacy tokens as a whole. How far will the price of XMR pump, and will this surge ignite the rise of other popular privacy coins and altcoins?
As we can see from the post above, the analyst shed light on the popular altcoin Litecoin (LTC). According to this analyst’s observations, the LTC price chart looks almost identical to that of the XMR price chart. This means that the price of LTC may also experience a highly bullish price run very soon. In fact, according to the chart shared in the post, the price of LTC could go from the $75 price range to that of $375.
Will LTC Hit a New ATH Soon?
While it seems unlikely for the price of LTC to set a new ATH, the analyst notes how Monero peaked in the same week in 2017 and 2021 and how it made a slightly higher high in 2021 and made a macro higher low in 2022. Now, he states that LTC has shown the same relative strength since the 2022 bear market bottom, signaling a high possibility for the price of the asset to soar parabolically.