Common Opinion from Three Analysts: “This Altcoin Will Rise On This Date!”

0

Litecoin Its price rose more than 110% in a year and attracted attention with a rally of over 50% within a month. Historical data shows that LTC price tended to rise a few weeks before the halving and fell even faster after the halving. Here are the data that investors and potential investors should definitely review.

Many top analysts and traders, such as Peter Brandt, pointed out that Litecoin jumped 30% in one day, rising above its annual high of $114. This is related to the “big breakout” in LTC price. Altcoins It is currently trading at $106 and is not far from the relevant level.

Analyst Rekt Capital reports historical price action close to halving events on the LTC network on July 4. detailed. During the last two halving events, LTC price rose a few weeks before the halving and dropped significantly just after the halving. It fell 73% in 2015 and 83% in 2019.

With this, Litecoin price seems to be trending upwards after months of consolidation. Therefore, it is very important for investors to follow the price action closely.

Michael van de Poppe predicts that LTC price will continue the upward momentum. However, he also expressed interest in making an additional purchase at $99-$102. This could be a level that will offer investors an opportunity to bottom out as Litecoin approaches the halving point.

litecoin price

Litecoin creator Charlie Lee predicted that LTC would outperform Bitcoin after the Litecoin halving event in August. He predicted that there would be an increase of at least 10% in LTC price against BTC and that the LTC/BTC price would be 0.025. Currently, LTC/BTC price is trading at 0.003 level, well below the target price.

According to the Litecoin halving countdown, the halving is expected to occur on August 2. Currently the LTC block reward is 12.5 coins per block and will drop to 6.25 coins per block after the halving.

You can follow the current price action here.


source site-7