Crypto Strategist Justin Bennett Predicts Litecoin Will Outperform Bitcoin, Issues Ethereum Warning Cryptocurrency

A widely followed crypto trader expresses positive sentiment towards Bitcoin (BTC) Alternative Litecoin (SLD).

Crypto strategist Justin Bennett recount his 111,800 Twitter followers that he is bullish on Litecoin and expects the 14th largest crypto asset by market capitalization to even surpass the crypto king.

According to the analyst, LTC is expected to continue to hold between a low of around $30 as support and $465 as resistance zone through 2023, a pattern it displayed in 2022.

“I’m bullish on LTC in the near term, especially against BTC, but there’s no reason to think that won’t happen again in 2023.”

Source: Justin Bennett/Twitter

Litecoin is trading at $76.81 at the time of writing while Bitcoin changes hands at $16,994. The Litecoin/Bitcoin (LTC/BTC) pair is up nearly 70% in the past 30 days and more than 20% in the past two weeks.

Regarding Ethereum (ETH), the crypto-analyst said that the second-largest digital asset by market capitalization is expected to fall after hitting local highs, mirroring its price action over the past month.

“I spoke to members about this yesterday, but ETH formed a similar pattern to what we saw in late November.

Execute the local highs to trap the longs, then reverse.

Source: Justin Bennett/Twitter

Based on its Ethereum charts, the crypto analyst seems to suggest that the leading smart contract platform is on track to hit the local high of around $1,320 before falling back to the price of $1,240.

Ethereum is trading at $1,282 at the time of writing.

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Featured Image: Shutterstock/NeoLeo

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