Litecoin (LTC) rally expected: Is the explosion imminent?

Litecoin (LTC) is drawing attention with analysts and crypto investors expecting a major price increase. Popular crypto analyst Javon Marks shared a tweet stating that LTC is preparing for a major rally. Marks observed that Litecoin is performing strongly.

This situation raises the possibility of an increase of over 369 percent, which could take the $LTC price to $354.36. Marks describes this uptrend as a steady bullish movement, noting that there could be a long-term rally for Litecoin.

As of the writing of the news, LTC is trading at $76.44 and has gained 15.45 percent in the last 7 days. Trading volume supports the rise in question. The trading volume of the popular altcoin in the last 24 hours has increased by 60 percent, exceeding $823 million. Litecoin’s weekly close above $100 could trigger a new uptrend. In downtrends, the $65 band could be monitored as support.

In addition to market performance, Litecoin’s development team announced significant technical improvements. According to a report published by CNF, the team released Litecoin Core version 0.21.4, which brings significant innovations to improve the security and efficiency of the blockchain. These technical improvements make $LTC a safer and more attractive option for both new and experienced investors.