Famous Youtuber and crypto analyst Michael van de Poppe pointed out that the critical resistance zone for Litecoin (LTC) could accelerate if it is broken.
Michael van de Poppe’s recent social media in sharingshared a remarkable Litecoin chart. Analyst says that with Litecoin’s decline in the last week, a nice liquidity cleaning for possible rise while emphasizing that $98.5-99.5 marked the resistance level in the band. He also wrote that things could speed up if this level is broken.
Litecoin has taken the lows of liquidity nicely. The most important would be to cross $98.5-99.5. Then things can speed up.
last week for $115 Litecoin, which has risen as much as 91 dollars decreased to its level. Poppe, this regression a strengthening factor for ascension implied it was.
Litecoin’s next halving, according to data provided by Nicehash August 2 day will happen. The block reward given to miners with this halving It will be reduced from 12.5 LTC to 6.25 LTC.
CoinGecko in the last 1 week according to data 6.1% depreciating Litecoin, at the time of writing From $96.63 is being traded.