Litecoin

Strong

April

Gains

The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/litecoin-to-undergo-an-interesting-move-soon-after-the-halving-is-strong-gains-on-their-way/">Litecoin to Undergo an Interesting Move Soon After the Halving-Is Strong Gains On Their Way?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto space is about to receive a bullish push as the Litecoin halving is just a few days away. The halving event is scheduled for August 2, 2023. The miner’s rewards will drop from 12.5 to 6.25 LTC per block. The <a href="https://coinpedia.org/price-prediction/ltc-litecoin-price-prediction/" target="_blank" rel="noreferrer noopener">LTC price</a> has been trading with acute strength for the past few weeks. Hence, the anticipation of maintaining a fine upswing soon after the event is high. The price is currently trading at $88.83 and can rise above $100 in no time.&nbsp; 
Besides, the bears also appear to have held $100 levels and have not allowed the price to surpass it since April 2023. Presently, the price faced rejection before testing $100 and is maintaining a descending trend to reach lows close to $80. This could be a good buying opportunity, as an upswing may push the price back towards the $100 region.&nbsp; 
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The LTC price rose, gaining massive profits recently with off-the-range lows. However, the current price appears to be overextended and trading near highs. Therefore, a short-term pullback could be imminent, which may offer a good buying opportunity. An active trading range is defined by the range lows at $80 and highs at $98, where-in the prices have been trading for almost 6 months, displaying a strong re-accumulation.&nbsp; 
The premium prices range between $101 and $103 overhead and between $75 and $78 below the crucial support. Therefore, the price may experience a pullback or retest of range lows during July. After testing the lows at around $82, the price may head towards the premium prices overhead. The halving that may occur around this time may lift the price slightly, but it may be followed by a bearish pullback.&nbsp; 
Hence, the Litecoin halving impact may remain only for a short time frame, following which the price may again fall into a deep bearish well.&nbsp;

Litecoin to Undergo an Interesting Move Soon After the Halving-Is Strong Gains On Their Way?

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