Crypto Analyst Says Litecoin (LTC) Surge May Be Real Deal: 'Buy When It's Boring' - Litecoin (LTC/USD), Dogecoin (DOGE/USD)

A popular cryptocurrency analyst said that Litecoin’s LTC/USD recent price surge is indicative of a massive breakout.

What Happened: According to pseudonymous crypto analyst Kaleo, Litecoin’s recent surge appears to be “the real deal” as it has been “long overdue for a solid pump”. Kaleo tweeted, “Litecoin isn’t done”. 

Kalo explains that LTC has long periods in which it slowly moves down, followed by quick pumps, “when everything else is bearish.”

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The analyst said that Dogecoin DOGE/USD and LTC are always a “buy when it’s boring” during bull runs because these cryptocurrencies surge. “Be patient, sell when it has a massive pump.”

Litecoin recently surpassed Solana SOL/USD in terms of market capitalization, with the latter’s price tumbling as a consequence of the cryptocurrency exchange FTX’s collapse.

Price Action: LTC is trading at $77.28, up 0.09% in the last 24 hours, according to Benzinga Pro.

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