Crypto Chart Analyst Peter Brandt: You Should Buy Ripple’s XRP and Litecoin (LTC)
- Litecoin (LTC) and XRP prices will likely go up significantly.
- This, according to prominent Crypto trader Peter Brandt's recent analysis which he shared via Twitter.
Many people follow cryptocurrency gurus in order to discover the best investments. They all have their hot takes and sometimes they are actually spot on in what is going to happen in the markets. Peter Brandt is often considered a very prominent crypto guru and he spoke on social media this week predicting the future of two popular crypto assets.
He has affirmed that Litecoin will grow against Bitcoin soon and that the prices of the XRP tokens are also bound to increase in the next couple of months, reaching a price between $0.5688 and $0.6260 USD.
Litecoin To Go Up In August
While the expert did not talk a lot about XRP, which was only mentioned when he affirmed that prices would go up, he did talk about Litecoin and how the asset is ready for the price increase in August.
Both tokens were trading very well this morning, which is a signal that their price might start to enter full bull run mode soon. Litecoin was up by 9% this year while XRP was up around 5%. These were the two best assets at the time. Both of them remained in the Top 10 list of crypto assets, too, and were the best-performing ones.
Another point that should be taken into account is that Litecoin is going to halve its block rewards in August, which is certainly affecting prices. The halvings happen from time to time and they cut the block rewards by half, meaning that mining will become less profitable as time passes. This generally pushes the price of the tokens upward.
The other halving will be Bitcoin’s, which is set to happen next year and will possibly impact the whole market since the crypto market generally does well when Bitcoin is doing well.
Nobody is really sure how the halving will impact the assets, though. There some strong consensus that they will go up, but how much? Some people say that the asset, which is now trading around $112 USD, can go as high as $1,000.