Crypto analyst David predicts that the LTO price will see a 100 percent rise in the near future. InvestAnswers’ anonymous analyst predicts a run of up to 125 percent for the leading altcoin. Additionally, the analyst says that Ethereum rival Solana is faster than ETH.
LTO price prediction: Altcoin may rise 100% in the near future
The price of LTO Network (LTO) hit its lowest level of the year at $0.053 at the beginning of October 2023. However, the token has been rising ever since. This rally helped the price regain the $0.064 support area. It also showed that the previous breakout was just a divergence (red ellipse). Such deviations are usually followed by a strong price increase. Indeed, the price has risen rapidly since then and is now in the process of climbing above the long-term resistance area at $0.14.
Meanwhile, the weekly RSI indicator has moved into the overbought zone and is sloping upwards. Therefore, this supports the potential for breakage. If the break occurs, it is possible for the altcoin price to rise to the next significant resistance area at $0.3. This means an increase of 102.88% for LTO.
The most likely scenario sees LTO rising and breaking above the $0.14 zone on the weekly time frame. The nearest target stands at $0.22. However, there is also the potential for the altcoin price to rise further towards $0.3.
ETH price prediction: It is possible to reach $8,000!
InvestAnswers’ anonymous analyst predicts that Ethereum (ETH) will see gains of up to 125% from current levels during this crypto bull market. The analyst says he used the in-layer, out-of-layer model to identify potential price targets for the leading altcoin. The in-tier, out-of-tier model is based on various factors such as trend analysis, volatility and market behavior. InvestAnswers analyst says:
I believe it (Ethereum) can go up quite a bit. And according to our tier model, it could reach $8,000. But if you have a position, start thinking about switching to faster horses.
SOL price prediction: A faster horse than Ethereum!
But while the anonymous analyst is predicting all-time highs for Ethereum, he says ETH makes up only 0.6% of his portfolio as he thinks other crypto assets will outperform the second-largest crypto asset. One of the altcoins he has in mind is Ethereum rival Solana (SOL). The analyst says the following about SOL:
ETH is being eaten alive by Solana. This is last year’s performance. Solana outperformed ETH by almost 400%. And ETH is on a huge rise. ETH went from $1,300 to $4,000… but Solana still crushed it.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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