That’s what a well-known cryptocurrency analyst said Litecoin‘s LTC/USD The recent price surge suggests a massive breakout.

What happened: According to pseudonymous cryptanalyst Caleo, Litecoin’s recent surge appears to be “the real deal” as it was “long overdue for a solid pump.” Kaleo tweeted, “Litecoin is not ready yet.”

Kalo explains that LTC has long periods of slow moves lower followed by rapid pumps “when everything else is down.”

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That’s what the analyst said Dogecoins DOGE/USD and LTC are always a “buy when bored” during bull runs because these cryptocurrencies are soaring. “Be patient, sell when it has a massive pump.”

Okay, I’m starting to think this is the real deal $LTC / $BTC.

A solid pump is long overdue.

That’s how Litecoin works – long periods of it slowly bleeding sideways, followed by a quick pump up to around 0.02 BTC when everything else is down. pic.twitter.com/OV9w45ml6H

— KALEO (@CryptoKaleo) November 23, 2022

Litecoin recently surpassed Solana SOL/USD in terms of market capitalization, which collapsed as a result of the collapse of cryptocurrency exchange FTX.

price action: LTC is trading at $77.28, up 0.09% in the last 24 hours, according to Benzinga Pro.
Continue reading: Ethereum transactions are at a 4-month low, but the whales continue to pile up