The post Litecoin (LTC) Price To Surge 50% in the Next 8-10 Weeks, But There’s a Catch appeared first on Coinpedia Fintech News

Litecoin (LTC), often called the “silver” to Bitcoin’s “gold” in the crypto world, is getting ready for an interesting period ahead. A well-known crypto trader named Pentoshi recently made an intriguing prediction about the future of this digital currency.

Pentoshi sets the target of $138 for Litecoin

Pentoshi believes that something similar to past events could happen in the next eight to ten weeks. According to a graph, Litecoin’s price may rise to $138 and then drop back to $92. At the heart of Pentoshi’s analysis lies the upcoming Litecoin halving, a significant event that has historically caused notable market activity. 

However, Pentoshi also advises caution to investors. Even if Litecoin reaches $138, it won’t be enough to make up for the losses suffered during the ongoing bear market.