Litecoin

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/litecoin-price-analysis-will-ltc-price-see-major-crash-post-halving-heres-what-to-expect/">Litecoin Price Analysis: Will LTC Price See Major Crash Post Halving? Here’s What to Expect</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The Litecoin (LTC) market has continued to enjoy a bullish outlook one month toward the third halving event. In the past two weeks, Litecoin price has rallied nearly 50 percent to trade above a key resistance level, around $100.</p> 
<p> The pressing question is whether Litecoin Bulls can manage to convert the macro logarithmic downtrend resistance to a support level. If such a scenario plays out in the coming weeks, Litecoin’s price is undoubtedly headed for $200 or beyond.&nbsp;</p> 
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<p>However, it would be painful for Litecoin bulls if the resistance levels turn out to be stronger in the coming days.</p> 
<h2 class="wp-block-heading" id="h-litecoin-price-action">Litecoin Price Action</h2> 
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   <p lang="en" dir="ltr">Currently, <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Litecoin</a> MVRV 30D hovers around 35%. <br><br>Historically, each time <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a> MVRV 30D exceeds the 30% mark since 2018, a sharp price correction typically follows! This usually translates to a <a href="https://twitter.com/hashtag/LTC?src=hash&amp;ref_src=twsrc%5Etfw">#LTC</a> price drop ranging from 30% to 40%. <a href="https://t.co/R5oMMaKWGc">pic.twitter.com/R5oMMaKWGc</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1675511332261568515?ref_src=twsrc%5Etfw">July 2, 2023</a>
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<p>According to popular crypto analyst Ali (Twitter: @ali_charts), crypto traders should take note of possible bull traps at current levels in the Litecoin market. The analyst highlighted the 30-day Market Value to Realized Value (MVRV) has hovered around 35 percent since the recent weekly LTC breakout. </p> 
<p>Technically, the analyst highlighted that Litecoin’s price since 2018 has corrected sharply every time the 30-day MVRV exceeded the 30 percent market.&nbsp;</p> 
<p>If Litecoin’s price were to suddenly retract 40 percent from current levels, then it would trade around $60 in the coming weeks, which would significantly liquidate all long traders.</p>

Litecoin Price Analysis: Will LTC Price See Major Crash Post Halving? Here’s What to Expect

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