Alphactal CEO Warns LTC Set for Major Move to $183
Joao Wedson, CEO of crypto analysis firm Alphactal, warns that Litecoin (LTC) may be on the verge of a significant rally. On-chain fundamentals show rising blockchain maturity, suggesting stronger long-term sustainability. Wedson identifies $88 as a key support level and notes that a clear break above $123 could trigger a surge toward the $183 alpha price. Historically, LTC tends to rally sharply when it breaches its alpha target. After an extended accumulation phase designed to test investor conviction, Wedson believes LTC’s next major move is imminent and reveals he personally bought the dip in April.
Bullish
Wedson’s bullish outlook is based on concrete on-chain indicators and historical patterns. The identified support at $88 offers a safety net, while a break above $123 has previously triggered rapid rallies; this sets a clear short-term trading signal. In the long term, rising blockchain maturity points to sustainable network growth, encouraging institutional and retail adoption. Similar accumulation phases in LTC’s past preceded strong uptrends, suggesting that traders may enter positions ahead of the anticipated breakout.