FOMC

Litecoin

The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/litecoin-halving-is-a-month-away-will-ltc-price-regain-bullish-momentum/">Litecoin Halving is a Month Away; Will LTC Price Regain Bullish Momentum?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
The fresh FOMC MoM which was released recently, has compressed the crypto space as the majority of the tokens including Bitcoin, have been trading within a very narrow range. Alongside, Litecoin, which has registered a couple of bullish weekly closes, has flipped and tested the resistance-turned-to-support levels which appear pretty decisive at the moment.&nbsp; 
The LTC price has caught fire due to the hype circulating around the ‘Halving Event’. Now that the event is just a month away, the Bears have capitulated on the rally. The price attempted for a bullish breakout beyond the $115 resistance but faced rejections a couple of times a $113. Presently, the price is following a notable descending trend as it plunged below $105 and may also test the levels below $100 soon. 
Despite the sluggish market behavior and a choppy price, the LTC millionaire address continues to accumulate. As per the data from a popular on-chain platform, <a href="https://twitter.com/santimentfeed/status/1676645794089439233">Santiment</a>, the addresses holding more than 10K LTC coins are slowly increasing their holdings.&nbsp;&nbsp; 
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 <img decoding="async" src="https://lh3.googleusercontent.com/Tm7ALyF3ljjnX4NAAGLvrvXEoFUwGAMgQuBZBJbqyxxgIZMdOUcv0bbFLphEm0q3bZW9VCmAtR9pxHzT1hmODDm4cIuO1oNwcNrkFER_iltm4IcAuAtHMbQDFEVGq-sDA8nbZ_-xS8fklu0LfbFUxfM" alt="">
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With the rise in the accumulation, the platform speculates another fresh rally could be fast approaching. 
<blockquote class="wp-block-quote"> 
 “ Litecoin’s millionaire addresses are accumulating are continuing to increase in number, as the halving is within a month away now. Prices corrected over the 4th of July break, but don’t be surprised if another LTC rally happens with all of this whale accumulation” 
</blockquote> 
However, in the short term, the LTC price is breaking above the falling wedge which is flashing bullish signals for the crypto. The price has triggered a massive bullish hourly candle that may break the prevailing bearish influence over the crypto. Therefore, a fine upswing is believed to rise the Litecoin price above $108 resistance initially, followed by a strong retest of $110 levels.&nbsp;

Litecoin Halving is a Month Away; Will LTC Price Regain Bullish Momentum?

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