Veteran analyst Peter Brandt is a long-term Bitcoin (BTC) investor, but he believes Litecoin (LTC) will soon outperform the benchmark cryptocurrency.

He told his 580,000 Twitter followers that Litecoin is ready for a big bull run after breaking its high of $ 239.12 in September.

“Litecoin has broken the September high with soaring trading volumes and the WBB (Bollinger Bands Width) indicator. I think it will retest the 2021 high of $ 395. “

The source: Peter Brandt / Twitter

BBW has a function to measure the percentage difference between the upper and lower bands of the Bollinger Band. An increase in the indicator after prolonged accumulation usually leads to a strong movement towards the breakout. In the case of LTC, Brandt believes it will explode heavily.

LTC is up 40% from its weekly low of $ 193 and is currently trading at $ 263.94.

In addition to the price movement of Litecoin, Brandt also has a long-term view of Bitcoin. He believes it can serve as a safe haven against inflation.

“I am absolutely certain that the value of the US dollar will fall.

1 dollar when I was born is worth 8 cents today.

A dollar will likely be worthless today when my grandchildren are my age.

BTC “.

analyst speak that he has continued to buy Bitcoin since April 2019.

“Note to my skeptics.

I only sell crypto once in my life (November 14, 2018).

I have been buying BTC continuously since the beginning of April 2019. I think the price of BTC will always rise in the long term. “

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

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