Trend chasers are raising optimistic views of the Litecoin price for the latter part of the year. According to the optimistic outlook, hodlers are now hoping for a breakout soon as the Litecoin price prediction shows a change in pattern.
The launch of the first Litecoin ETF has been a major factor driving this bullish sentiment, with analysis suggesting a potential 2x increase by January. However, while Litecoin hodlers stay expectant with the Litecoin price prediction, experts are drawing attention to a new altcoin that is already going bullish.
Here is a breakdown of the market report covering the Litecoin price prediction and what the other coin could offer traders.
Litecoin Price Prediction Goes Bullish With Stake.com Partnership and ETF Achievement
The last days of October altered the bearish narrative surrounding the Litecoin price, as the coin recorded its first ETF approval in the US. However, this approval also coincided with a strategic partnership for the Litecoin project, as it entered into a collaboration with Stake.com.
As a result, the Litecoin price prediction is now trailing a bullish sentiment, as experts believe the incoming accumulation could set the coin on a spike.
While the market had anticipated the Litecoin ETF since August, the eventual approval in October meets a sentiment of a market spike in the ember months. Furthermore, the stake.com partnership is also set to boost accumulation as it adds Litecoin as a major asset for staking and payout.
Analysis now shows the Litecoin price prediction tilting fast towards an uptick as price recovers near $100 today. Additionally, a notable Litecoin price prediction following the news suggests that early January could see the coin trading around $220 as the market recovers.
Retail Traders Keep Tab On Remittix As Next Big Mover.
The Remittix price movement has been keeping it on the high-moving altcoin side lately, as its price performance has seen it grow by 800% this year. This is now drawing market-wide attention to the Remittix token as investors analyze its potential for a continuous up move.
According to the Remittix price pattern and accumulation rate, experts are pointing to the potential to cover up to 20x by late December.
Major factors driving the buying rate of the Remittix token include its utility, which retail traders view as the future of payments. This utility includes solutions such as:
- Cross-border bank payment using crypto to pay fiat currencies
- Faster delivery time to bank accounts around the world
- A potential to revolutionize business engagement with a solution that help businesses receive crypto payment in fiat currencies
Moreover, with the Remittix token at $0.11, investors are buying in high numbers as it offers the opportunity to buy early in the future of PayFi.
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