{"id":24982,"date":"2023-07-01T08:21:03","date_gmt":"2023-07-01T08:21:03","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/07\/01\/is-litecoin-price-poised-for-700-rally-legendary-trader-peter-brandt-says-this\/"},"modified":"2023-07-01T08:21:03","modified_gmt":"2023-07-01T08:21:03","slug":"is-litecoin-price-poised-for-700-rally-legendary-trader-peter-brandt-says-this","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/07\/01\/is-litecoin-price-poised-for-700-rally-legendary-trader-peter-brandt-says-this\/","title":{"rendered":"Is Litecoin Price Poised For 700% Rally? Legendary Trader Peter Brandt Says This"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Litecoin experiencing a FOMO rally amid a restoration within the broader crypto market. The rally began with <a href=\"https:\/\/coingape.com\/tag\/blackrock\" target=\"_blank\" rel=\"noopener\">BlackRock<\/a> iShares Spot Bitcoin ETF submitting and launch of crypto change <a href=\"https:\/\/coingape.com\/tag\/edx-markets\" target=\"_blank\" rel=\"noopener\">EDX Markets<\/a> backed by Fidelity Digital Assets, Charles Schwab, and Citadel Securities. However, the breakout got here on Friday as LTC value soared 30%, surpassing the $100 degree.<\/p>\n<h2>Will Litecoin Creator Charlie Lee\u2019s Prediction Of 700% Rally To Come Out True?<\/h2>\n<p>Litecoin creator <a href=\"https:\/\/coingape.com\/just-in-litecoin-creator-predicts-post-halving-ltc-price\/\" target=\"_blank\" rel=\"noopener\">Charlie Lee predicted<\/a> LTC to outperform Bitcoin after the Litecoin halving occasion in August. He predicted a minimum of a ten% rally in LTC value towards BTC, with LTC\/BTC value at 0.025. Currently, LTC\/BTC value is buying and selling at 0.003, approach under the focused value.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>The Litecoin halving is\u00a0<a rel=\"nofollow noopener\" href=\"https:\/\/www.litecoinblockhalf.com\/\" target=\"_blank\">expected<\/a>\u00a0to occur on\u00a0<strong>August 2 at 20:34:57 UTC<\/strong>. Currently, LTC block reward is\u00a012.5\u00a0cash per block and can lower to\u00a06.25 cash per block post-halving.<\/p>\n<p>LTC value has elevated greater than 50% in June, from a low of $72 to a excessive of $110.80. On June 30, value jumped 30% as a result of an increase in community exercise and hash fee hits a brand new excessive. EDX Markets supporting Bitcoin, Ethereum, Litecoin, and Bitcoin Cash buying and selling and the US SEC not contemplating Litecoin as a safety additionally helped convey rally in LTC value.<\/p>\n<p>IntoTheBlock <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/intotheblock\/status\/1674780049529077761\" target=\"_blank\">reported<\/a> that the Litecoin community processed over half one million every day transactions for the primary time this quarter on Friday. In truth, Litecoin had virtually the identical variety of transactions because the variety of every day Bitcoin transactions for your complete month of May.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<figure style=\"width: 744px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" alt=\"Litecoin transactions\" width=\"744\" height=\"330\" src=\"https:\/\/pbs.twimg.com\/media\/Fz4DlJbWcAAXiWW?format=jpg&amp;name=large\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/Fz4DlJbWcAAXiWW?format=jpg&amp;name=large\" alt=\"Litecoin transactions\" width=\"744\" height=\"330\"\/><\/noscript><figcaption class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<p>Whales additionally proceed to build up LTC because the halving occasion approaches. Whale Alert <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/whale_alert\/status\/1674851510717382672\" target=\"_blank\">recorded<\/a> many transactions of whales shopping for LTC value million from Binance.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><strong>Also Read:\u00a0<\/strong><a title=\"Breaking: Terra Luna Classic L1TF Q3 Proposal To Revive LUNC And USTC To $1 Officially Passed\" href=\"https:\/\/coingape.com\/breaking-terra-luna-classic-l1tf-q3-proposal-to-revive-lunc-and-ustc-to-1-officially-passed\/\" target=\"_blank\" rel=\"bookmark noopener\">Terra Luna Classic L1TF Q3 Proposal To Revive LUNC And USTC To $1 Officially Passed<\/a><\/p>\n<h2>Experts\u2019 View on LTC Price<\/h2>\n<p>Legendary dealer Peter Brandt <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1674934985030086657\" target=\"_blank\">noted<\/a> LTC value breaking a yearly excessive above $110, turning resistance into robust help. Along with value motion, indicators additionally level to an enormous rally in LTC value.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Major breakout <a href=\"https:\/\/twitter.com\/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LTC<\/a> <a href=\"https:\/\/t.co\/YDvuopLUhN\">pic.twitter.com\/YDvuopLUhN<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1674934985030086657?ref_src=twsrc%5Etfw\">July 1, 2023<\/a><\/p>\n<\/blockquote>\n<p>Meanwhile, \u201cThe Wolf Of All Streets\u201d Scott Melker <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/scottmelker\/status\/1674941503469223936\" target=\"_blank\">said<\/a> SEC Chair Gary Gensler earlier mentioned BTC, ETH, LTC, and BCH are commodities. He urges the US crypto business to combat again or else \u201cAmericans will be left with only BTC, ETH, LTC, and BCH to trade and on exchanges solely run by Wall Street.\u201d<\/p>\n<p><a href=\"https:\/\/coingape.com\/price\/litecoin\/\" target=\"_blank\" rel=\"noopener\">LTC price<\/a> is at the moment buying and selling at <span class=\"sc-16891c57-0 dxubiK base-text\">$109.15<\/span>, up 15% within the final 24 hours. The 24-hour high and low are $91.73 and $110.80, respectively. Furthermore, the buying and selling quantity has jumped over 200% within the final 24 hours.<\/p>\n<p>Also Read: <a title=\"Ripple Partner Volante Completes FedNow Testing With Custodian Bank, XRP To $1?\" href=\"https:\/\/coingape.com\/ripple-partner-volante-completes-fednow-testing-with-custodian-bank-xrp-to-1\/\" target=\"_blank\" rel=\"bookmark noopener\">Ripple Partner Volante Completes FedNow Testing With Custodian Bank, XRP To $1?<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"quads-location quads-ad86313 \" id=\"quads-ad86313\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n<!--   --><\/p>\n<p><!-- \n\n<div class=\"ad-container-layout\">\n      \n\n<div class=\"ad-container\">\n        <a href=\"https:\/\/bit.ly\/3JbHb8M\" target=\"_blank\" rel=\"nofollow noopener\">\n          <img decoding=\"async\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\"><noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\"><\/noscript>\n        <\/a>\n        \n\n<div class=\"ad-content\">\n          <a href=\"https:\/\/bit.ly\/3JbHb8M\" target=\"_blank\" rel=\"nofollow noopener\">\n            <span class=\"ad-title\">Bitget is a Leading Derivatives Trading Platform. 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Being a know-how fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of those modern future applied sciences. He is at the moment protecting all the most recent updates and developments within the crypto business.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD153157\">\n<p>  The offered content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk&rsquo;s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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The rally began with BlackRock iShares Spot Bitcoin ETF submitting and launch of crypto change EDX Markets backed by Fidelity Digital Assets, Charles Schwab, and Citadel Securities. However, the breakout got here on Friday as LTC value soared 30%, surpassing the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[1423,5926,1592,1422,437,110,439,1421],"class_list":["post-24982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-brandt","tag-legendary","tag-litecoin","tag-peter","tag-poised","tag-price","tag-rally","tag-trader","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=24982"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24982\/revisions"}],"predecessor-version":[{"id":24983,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24982\/revisions\/24983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/22812"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=24982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=24982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-jso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