{"id":37117,"date":"2022-12-04T17:06:16","date_gmt":"2022-12-04T17:06:16","guid":{"rendered":"http:\/\/egrowonline.com\/?p=37117"},"modified":"2022-12-04T17:06:16","modified_gmt":"2022-12-04T17:06:16","slug":"crypto-analyst-justin-bennett-is-bullish-on-litecoin-against-bitcoin","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=37117","title":{"rendered":"Crypto Analyst Justin Bennett Is Bullish On Litecoin Against Bitcoin\u00a0"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<ul>\n<li>Litecoin prices remained relatively unaffected during the crypto crash.<\/li>\n<li>Currently, Litecoin is trading at a one-year high against Bitcoin.<\/li>\n<li>Justin Bennett reacted to the current trading price of Litecoin.<\/li>\n<\/ul>\n<p>In the past few weeks, the price of one of the most popular altcoins (cryptocurrencies other than Bitcoin), Litecoin, showed a surge of 18.12% with a trading volume of $300 million (USD). Litecoin\u2019s price remained unaffected during the FTX crash and increased more than 40%. Meanwhile, major digital assets like Bitcoin and Ethereum are recorded down about 25%. According to crypto price tracking website CoinMarketCap, Litecoin was close to its recent \u2018winning\u2019 streak \u2013 $77.22 (USD).<\/p>\n<p>Recently, popular crypto strategist Justin Bennett tweeted that he is bullish on Litecoin over Bitcoin. He also tweeted that Ethereum, the second largest cryptocurrency by market capitalization, would probably show a drop in price after hitting local highs last month.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">GM fam. &#x2615;&#xfe0f;<\/p>\n<p>I mentioned this to members yesterday, but <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$ETH<\/a> has formed a similar pattern to what we saw in late November.<\/p>\n<p>Run the local highs to trap longs and then reverse. <\/p>\n<p>Let&#8217;s see what today&#8217;s non-farm payrolls offer.<a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#Ethereum<\/a> <a target=\"_blank\" href=\"https:\/\/t.co\/7Jz4aOsQVY\" rel=\"noopener\">pic.twitter.com\/7Jz4aOsQVY<\/a><\/p>\n<p>\u2014 Justin Bennett (@JustinBennettFX) <a target=\"_blank\" href=\"https:\/\/twitter.com\/JustinBennettFX\/status\/1598644265609039873?ref_src=twsrc%5Etfw\" rel=\"noopener\">December 2, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Justin Bennett stated, \u201cI am bullish on LTC in the short term, especially against BTC, but there is no reason to think we won\u2019t see this play out again in 2023.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\" \/>\n<p>One more crypto analyst, popularly called \u2018DonAlt\u2019, with over 440,000 subscribers on Twitter, shared his opinion on the growth of <a target=\"_blank\" href=\"https:\/\/www.thecoinrepublic.com\/2022\/11\/30\/litecoin-price-prediction-ltc-rose-nearly-40-in-november-trap-or-trend\/\" rel=\"noreferrer noopener\">Litecoin<\/a>. He predicted that Litecoin\u2019s price would hit $200 (USD) in 2023. DonAlt further added that Litecoin would gain popularity due to the availability of the network\u2019s mining rewards of 12.5 LTC.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\" \/>\n<p>Ever since one of the world\u2019s most ambitious companies and one of the largest cryptocurrency exchanges, FTX collapsed in an unceremonious manner, investors started investing in Litecoin to recover from huge losses. Currently, Litecoin holders are shifting their holdings to The Hideaways (HDWY) which is the world\u2019s first luxury real estate investment platform.\u00a0<\/p>\n<h2><strong>A New Crypto Project By The Hideaways<\/strong><\/h2>\n<p>The Hideaways have started a new cryptocurrency project to provide a Non-Fungible Token or NFT that a luxury property will be based on. Each NFT will be divided into fractions and made available to users for $100 (USD).<\/p>\n<p><strong>Key highlights of the project:<\/strong><\/p>\n<ul>\n<li>Primary Passive income through the fully managed property rental throughout the year.<\/li>\n<li>Secondary passive income through staking of The Hideaways token.\u00a0<\/li>\n<li>Secondary capital appreciation through NFT trading<\/li>\n<\/ul>\n<p>Market capitalization of the entire crypto market is $856 billion, a gain of 0.63% over yesterday. At the time of writing, Bitcoin and Ethereum were trading at $16,986 (USD) and $1,285 (USD), respectively. As per CoinMarketCap, since the past 24 hours, Bitcoin has gained 1.58%, and Ethereum has gained 1.37%.<\/p>\n<div class=\"abh_box abh_box_down abh_box_fancy\">\n<div class=\"abh_tab_content\">\n<section class=\"vcard author abh_about_tab abh_tab\">\n<div class=\"abh_image\"><a target=\"_blank\" href=\"https:\/\/www.thecoinrepublic.com\/author\/nancy-j-allen\/\" class=\"url\" title=\"Nancy J. Allen\" rel=\"noopener\"> <img decoding=\"async\" src=\"https:\/\/www.thecoinrepublic.com\/wp-content\/uploads\/gravatar\/cold-1284030__340-1.jpg\" class=\"photo\" width=\"250\" alt=\"Nancy J. Allen\" \/><\/a> <\/div>\n<div class=\"abh_text\">\n<p>Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.<\/p>\n<\/div>\n<\/section>\n<section class=\"abh_posts_tab abh_tab\">\n<div class=\"abh_image\"><a target=\"_blank\" href=\"https:\/\/www.thecoinrepublic.com\/author\/nancy-j-allen\/\" class=\"url\" title=\"Nancy J. Allen\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.thecoinrepublic.com\/wp-content\/uploads\/gravatar\/cold-1284030__340-1.jpg\" class=\"photo\" width=\"250\" alt=\"Nancy J. Allen\" \/><\/a><\/div>\n<div class=\"abh_text\">\n<div class=\"abh_name\">Latest posts by Nancy J. Allen <span class=\"abh_allposts\">(<a target=\"_blank\" href=\"https:\/\/www.thecoinrepublic.com\/author\/nancy-j-allen\/\" rel=\"noopener\">see all<\/a>)<\/span><\/div>\n<\/div>\n<\/section>\n<\/div><\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMicGh0dHBzOi8vd3d3LnRoZWNvaW5yZXB1YmxpYy5jb20vMjAyMi8xMi8wNC9jcnlwdG8tYW5hbHlzdC1qdXN0aW4tYmVubmV0dC1pcy1idWxsaXNoLW9uLWxpdGVjb2luLWFnYWluc3QtYml0Y29pbi_SAQA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Litecoin prices remained relatively unaffected during the crypto crash. Currently, Litecoin is trading at a one-year high against Bitcoin. Justin Bennett reacted to the current trading price of Litecoin. In the past few weeks, the price of one of the most popular altcoins (cryptocurrencies other than Bitcoin), Litecoin, showed a surge of 18.12% with a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[646,406,50,359,62,405,199],"class_list":["post-37117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-analyst","tag-bennett","tag-bitcoin","tag-bullish","tag-crypto","tag-justin","tag-litecoin"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/12\/Slider8-min.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37117"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37117\/revisions"}],"predecessor-version":[{"id":37119,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37117\/revisions\/37119"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/37118"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37117"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}