Mike Novogratz does ‘not see Litecoin having any properties that can speed up adoption’He recommends longing Bitcoin, Ethereum and a few ‘cool DeFi tasks’His feedback had been in reference to a tweet that projected Litecoin thriving with XRP and privateness cash out of the imageLitecoin has since damaged the $150 value ceiling and will try $200 within the weeks to observe
In a latest Twitter commentary, the CEO of Galaxy Digital, Mike Novogratz, commented that he does ‘not see Litecoin having any properties that can speed up adoption’. Mr. Novogratz made the feedback in response to a different tweet that forecasted that Litecoin would thrive as a result of delisting of privateness cash and XRP dropping worth as a result of SEC lawsuit towards Ripple.
Lengthy Bitcoin, Ethereum and Cool DeFi Initiatives
Mr. Novogratz went on to suggest longing Bitcoin (BTC), Ethereum (ETH) and a few ‘cool DeFi tasks’. His precise feedback had been as follows with a screenshot of the Twitter dialog additionally highlighted beneath.
Problem. I don’t see $LTC as having any properties that can speed up adoption. I’d slightly spend time on Defi tasks. Lengthy $BTC. Lengthy $ETH. And lengthy some cool Defi tasks.
Litecoin Breaks the $150 Worth Ceiling, Might Preserve Rising
Litecoin was buying and selling at roughly $125 when Mr. Novogratz tweeted about LTC presumably missing the properties to speed up adoption. Litecoin has since damaged the $150 value ceiling and is at the moment buying and selling at $152. That is a formidable 21.5% increment in lower than 24 hours and is in sync with Bitcoin’s journey above $34ok.
With this push, Litecoin is retesting ranges final seen in June 2019. The present $145 – $150 value zone is a vital resistance space for LTC. If Litecoin is profitable in turning this space into assist, it might start what may be a journey in direction of its all-time excessive of $375 set in December of 2017.
Nevertheless, such a journey to its all-time excessive worth won’t be a clean trip as Litecoin has to first overcome the subsequent huge hurdle within the type of the $200 resistance degree. Moreover, the next quick time period resistances lie on its path transferring ahead.