Ethereum

Rally

Litecoin

Rekt

<a href="https://en.coin-turk.com/historic-turnaround-for-crypto-with-giant-financial-players-entering-the-field/" data-wpel-link="internal">Crypto</a>currency analyst and trader Rekt Capital speculates that Litecoin’s (LTC) rally is set to continue even after its robust performance over the past few days. The analyst also anticipates a surge up to $2,300 in Ethereum (<a href="https://en.coin-turk.com/bitcoin-and-ethereum-reacting-to-secs-move-and-market-volatility/" data-wpel-link="internal">ETH</a>), the largest altcoin.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-expecting-up-to-140-rise-in-litecoin-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Expecting Up to $140 Rise in Litecoin&nbsp;</h2> 
Anonymous crypto analyst and trader Rekt Capital suggests that Litecoin is currently following an uptrend scenario that could push its peer-to-peer payment network to a level last seen in January 2022.&nbsp; 
According to the analyst, LTC’s breach above the major resistance at $93 suggests that the popular altcoin could rise to $140 before the next block reward halving. He commented, “LTC continues its pre-halving rally. LTC has followed the green path quite well so far.”&nbsp; 
<img decoding="async" class="aligncenter wp-image-87356 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/07/ltc.png" alt="" width="1368" height="946" srcset="https://en.coin-turk.com/wp-content/uploads/2023/07/ltc.png 1368w, https://en.coin-turk.com/wp-content/uploads/2023/07/ltc-246x170.png 246w, https://en.coin-turk.com/wp-content/uploads/2023/07/ltc-768x531.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/07/ltc-1200x830.png 1200w" sizes="(max-width: 1368px) 100vw, 1368px"> 
As of the writing of this article, Litecoin trades at $111.97, reflecting a 1.84% rise in the last 24 hours.&nbsp; 
Block reward halving, which reduces the reward miners receive per block added to the Blockchain by 50%, is traditionally viewed as a bullish catalyst. The next block reward halving for Litecoin is anticipated to occur on August 2, 2023.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-ethereum-headed-for-2-275-according-to-the-analyst-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Ethereum Headed for $2,275, According to the Analyst&nbsp;</h2> 
The crypto analyst also has an eye on Ethereum, the largest altcoin. According to Rekt Capital, Ethereum is likely heading towards $2,275 after maintaining above high timeframe support.&nbsp; 
The analyst noted for the expected ETH surge, “ETH has successfully retested the level around $1,680 (red) as support and risen by 14% upwards. It’s following the blue path well.”&nbsp; 
<img decoding="async" class="aligncenter wp-image-87355 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/07/ether.png" alt="" width="1374" height="964" srcset="https://en.coin-turk.com/wp-content/uploads/2023/07/ether.png 1374w, https://en.coin-turk.com/wp-content/uploads/2023/07/ether-242x170.png 242w, https://en.coin-turk.com/wp-content/uploads/2023/07/ether-768x539.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/07/ether-1200x842.png 1200w" sizes="(max-width: 1374px) 100vw, 1374px"> 
ETH, the largest altcoin by market value, is trading just below the $2,000 level at $1,946, reflecting a 1.72% rise in the last 24 hours.&nbsp; 
The post <a rel="nofollow" href="https://en.coin-turk.com/crypto-analyst-predicts-ongoing-rally-for-litecoin-and-ethereum/" data-wpel-link="internal">Crypto Analyst Predicts Ongoing Rally for Litecoin and Ethereum</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Crypto Analyst Predicts Ongoing Rally for Litecoin and Ethereum

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