Market Expert Projects ‘Undervalued’ Litecoin To Soar At Least 1,000% — Here’s How

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Market Expert Projects ‘Undervalued’ Litecoin To Soar At Least 1,000% — Here’s How - NewsBTC

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Related Reading: Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K This bullish projection is based on the movement of the Stochastic Oscillator on the 3-month LTC price chart.

Severino noted that it is highly unlikely for the price of Litecoin to surge by nearly 5,000% from its current level if the Stochastic Oscillator crosses the 50 level.

According to Severino, the Litecoin 3-month Stochastic is approaching the 50 mark, which signals rising bullish sentiment for the altcoin’s price.