• The US has reached a “tentative deal” on its debt limit crisis, leading to some positive sentiment in the cryptocurrency markets.
• Charlie Lee predicted that Litecoin (LTC) could rise to 0.0125 BTC in a new bull cycle, with support at 0.0025 BTC.
• Michael van de Poppe believes LTC needs to break above $93 for a potential Halving rally, while Polygon (MATIC) must reclaim $1 for its price outlook to improve.
Overview of US Debt Limit Crisis
The US has reached a “tentative deal” on its debt limit crisis after a week of high uncertainty. With the news of the deal seeping through the markets, cryptocurrencies reacted slightly positively as Bitcoin and Ethereum prices rose above $27k and $1.8k respectively.
Predictions for Litecoin Price
In March, LTC creator Charlie Lee offered a huge Litecoin price prediction. Pointing to the 14th ranked cryptocurrency (by market cap today), Lee said Litecoin price could rise to 0.0125 BTC in a new bull cycle, with support at 0.0025 BTC if there is downside pressure from investors. The current LTC price is above this latter level as it trades near $89.40 or 0.0032 against bitcoin and bulls need to break above keu resistance at $93 for higher prices towards psychological level of $100 according to crypto analyst Michael van de Poppe..
Prediction for Polygon Price
Polygon (MATIC) must reclaim $1 according to analysts for its price outlook to improve and target the range between $1.30-$1.50 or risk dip to $0
