Litecoin halving soon. How the LTC price will react?

Cập nhật
Today, let's look at what is happening on the LTCUSDT chart

In 33 days, LTC Halving will take place, which means that the reward for a mined block will be halved.
Previously, before the two previous halvings, which occurs every 4 years, the LTC price peak was reached 40-42 days before the halving.
We described it in more detail here:
LITECOIN LTC price is preparing for continued growth


This year, it seems that this pattern has been broken.
For more than 4 months, the LTCUSD price has been in consolidation, twice entering the buy zone, which was also mentioned in previous ideas, and then the price bounced up sharply from there.

Therefore, it seems more likely to us that the Litecoin price will break out of this consolidation to the upside.
For ourselves, we have set a price range of $128-136 as the first place where we could cover some of our longs and take profit on medium-term trades.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Ghi chú
LTC halving will take place in 9 days, 03.08.2023
ảnh chụp nhanh
Chart PatternsFundamental AnalysisLitecoin (Cryptocurrency)litecoinanalysislitecoinforecastlitecoinpredictionlitecoinusdLTCLTCUSDltcusdanalysisLTCUSDTTrend Analysis

🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE

🔥V-I-P cutt.ly/PwkLhT56

👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s

🔵Telegram t.me/pstrade_eng
Ngoài ra, trên: