According to the trader named Bluntz, the last Litecoin The rally continues for another 40 days. can. The trader’s prediction derives from LTC’s historical price behavior prior to the last two halving events.
think i agree on this, nice little bit of data someone shared with me earlier aswell regarding halving
NEWS CONTINUES BELOWseems like there’s could be solid month- 40 days left of upside based on last 2 halvings, it is small dataset but valuable nonetheless imo.$LTC https://t.co/GMfIALNm0p pic.twitter.com/ysjNa2Vgzi
— Bluntz (@Bluntz_Capital) May 18, 2023
NEWS CONTINUES BELOW
The technical data pointed out by the trader reveals that he made gains up to 50 days before the Litecoin halving in both periods. In 2019, this gain had increased to 300%. The expected date of the halving is July 26, 2023.
Another trader named The Wolf predicted a significant Litecoin rally. According to Trader, the party is just getting started.
The trader shared a screenshot showing the adherence to the “uptrend line” supporting the current trend. The trader predicts that the price will surpass $105.69 and rise to $190 before the next halving.
Litecoin Price Follows Sideways
For the part of 2023 to date, Litecoin price has been flat. The first increase was from $70.1 to $105.69. However, the price was later around $65.39 and erased any gains. Although there is a partial recovery in price, its current price is around $ 92.49.
You can follow the current price action here.