Will Litecoin Go Up After the Halving - Is Strong Gains on Their Way?
Will Litecoin Go Up After the Halving - Is Strong Gains on Their Way?
Litecoin Halving
The Litecoin halving is just a few days away, which will soon give the cryptocurrency market a bullish boost. The halving will take place on August 2, 2023. The block's miner payouts will decrease from 12.5 to 6.25 LTC. For the past several weeks, the LTC price has been trading with extreme strength. As a result, there is a lot of hope that the market would continue its good ascent right away. The price, which is presently trading at $88.83, is quickly approaching $100.
In addition, the bears also seem to have maintained $100 levels since April 2023 and have not allowed the price to go over them. The price is currently declining to hit lows of $80 after experiencing rejection before testing $100. Given the possibility of an upswing pushing the price back towards the $100 range, this might be a good time to buy.
The price of LTC increased, making huge gains recently with extreme lows. However, the price at this time seems to be trading close to highs and is overextended. Consequently, a brief retreat may be on the horizon, which might present a decent buying opportunity. The price range with lows at $80 and highs at $98 has been actively trading for almost six months, indicating a significant re-accumulation.
The premium costs fall between $75 and $78 below the essential support and between $101 and $103 overhead. As a result, during the month of July, the price may pull down or retest the range lows. The price may move towards the premium prices overhead after testing the lows at about $82. The Litecoin price may rise slightly as a result of the possible halving at this time, but it might then fall as a result of a bearish pullback.
Therefore, the impact of the Litecoin price halving may only last for a little period of time before the price once more plunges into a deep bearish hole.
https://coinpedia.org/price-prediction/ltc-litecoin-price-prediction/
We never can tell all that will ultimately happen in the end, it's not about the present times, but it's for the long run. There are event to celebrate the halving, which is what I've been hunting, I'm just being proactive and have engaged the Pre-Halving event on Bitget to share from the $60,000 pool of reward. People can say all they can with or without any tangible evidence, but my opinion is to think about the future.