Litecoin has not shown significant growth this year despite bullish momentum in the crypto market, with Bitcoin reaching a new all-time high.
A market analyst suggests that Litecoin is currently undervalued and could experience a strong bull rally of at least 1,000% to 2,000% in the coming months.
The prediction is based on the movement of the Stochastic Oscillator on the 3-month LTC price chart, which historically signals significant price increases when crossing the 50 mark.
As of now, Litecoin is trading around $96, showing a decline of over 5% in the last 24 hours.