The Litecoin price has dipped to $85.73 this morning, although the market’s 26th-biggest cryptocurrency remains up by 6% in a week.
This price puts LTC up by a very modest 1% in a month and by 14% in the past year, and while such percentages may be disappointing, the coin’s one-week chart has today moved into a very bullish position.
It’s about to form a golden cross for only the third time in its history, with the previous two occasions – in 2017 and 2021 – leading to big rallies for the altcoin.
This is according to analyst and trader Tony Severino, who has predicted that any “sizable rally would trigger the Golden Cross very soon,” something which has huge implications for Litecoin’s price prediction.
Litecoin Price Prediction – Experts Say Golden Cross Could Hit This Month – $1,000 LTC Soon?
A couple of days ago, Severino shared Litecoin’s one-week chart, declaring that the altcoin is “potentially just weeks away from its third ever Golden Cross of the 50-week and 200-week Moving Average.”
He also noted that such golden crosses “have triggered AFTER a huge rally,” although his image above shows the Litecoin price continuing to rise after the crosses in 2017 and 2021.
At the moment, the chances of another golden cross depend on the wider market, which continues to seesaw in the face of geopolitical and economic uncertainty.
There’s the ongoing issue of tariffs, with markets waiting anxiously for the July 9 deadline for the imposition of US tariffs.
Assuming that the US and other nations can agree trade deals prior to this cutoff, markets may react positively, which would include the Litecoin price.
Yet there’s one issue with Severino’s analysis, which is that it doesn’t appear to replicate.
Looking at the same one-week chart for Litecoin’s USD price on Vantage, it would seem that the 50-day average formed a golden cross with the 200-day back in late January, amid the Trump rally.
Source: TradingViewAnd unfortunately, this rally stalled, after President Trump threw much of the global economy into disarray with the announcement of ‘reciprocal’ tariffs in February.
It’s now even possible that the shorter term average (orange) will drop below its longer term (blue) equivalent, forming a ‘death cross’ that portends further losses.
However, if we do end up seeing progress on tariffs in the next week or so, and if the ceasefire in the Middle East holds, then Litecoin could certainly resume gaining.
It could potentially return to $90 in the next one or two weeks, before hitting $150 by Q4.
Snorter Token Raises $1.2 Million for Automated Sniping Bot: The Next Big Rally?
Many traders may also like to diversify into smaller, newer coins, since these can often demonstrate big volatility, helping them to climb faster than the market average.
Presale tokens are often among some of the best performers, given that big presales can lead into big rallies as and when the corresponding tokens list.
One of the most interesting presale tokens at the moment is Snorter (SNORT), a Solana- and Ethereum-based coin that has now raised over $1.2 million in its ICO.
Snorter is an automated sniping bot that will enable traders to stay ahead of the market, with the ability to identify rising coins before they become overbought.
It can mirror whales in order to stay at the front of the pack, while other features include limit orders, atomic swaps, and protection from rugpulls.
Its native token SNORT will be necessary to pay for a subscription to Snorter’s services, meaning that it could experience plenty of demand if the bot takes off.
Holders will also be able to stake the token, which will have a max supply of 500 million SNORT and will run on Ethereum and Solana.
This gives it a wide addressable market, with investors able to buy it now by going to the Snorter website.
SNORT currently costs $0.0967, but this will rise again tomorrow, so buyers should act sooner rather than later.
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