Popular trader Nicholas Merten says Litecoin (LTC) is poised to significantly outperform Ethereum over the course of the next month.
In a new DataDash video, Merten notes that LTC appears to be bottoming out against Ethereum. The trader reveals that he allocated a significant chunk of his portfolio into the Bitcoin fork as he believes it may rise significantly in its ETH pair.
Though the Merten does not provide a Litecoin price prediction, one chart Merten shares shows Litecoin surging towards $2,000 in the near future. LTC is currently trading around $220, according to CoinMarketCap.