As cryptocurrency questions clearly enter the early stages of a new bull request, investors are allowing for what upside freight conditions they should be targeting for the next few moments. Some Litecoin bulls may be hoping to join the cryptocurrency $1,000 per memorial or more club in 2023 at the moment, there are only two cryptocurrencies in this exclusive club, Bitcoin and Ether.
Still, it will bear Litecoin up to 10x from current conditions in about seven and a half months. It should not be controlled as impossible. Between November 2020 and May 2021, Litecoin posted about 8x earnings from around $55 to $410 per token. But it was fueled by massive increases in crypto prices, zero interest classes, huge monetary stimulus and rapid-fire re-opening-fueled profitable rejoinders, as well as unprecedented agitation among institutional interests in crypto.
An intelligence class. A strong argument can be made that crypto technology and the tendency of less social and institutional investors to transfer crypto as an intelligence class has persisted, but those other beneficial conditions will not last until 2023.
Yes, the Fed may end its interest rate hikes and do some rate cuts this time around, which means 2022 should be a big headwind when the macro now Interest rates were raised aggressively to bring inflation under control. But Litecoin bulls should temper their optimism of hitting $1,000 this time around.
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