Litecoin

Bitcoin

April

<html>
 <head></head>
 <body>
 <figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
 </figure> 
 Prominent crypto trader and analyst Michael van de Poppe has taken to Twitter to share a <a href="https://u.today/litecoin-ltc-up-18-here-is-obvious-trigger" rel="noopener noreferrer nofollow">Litecoin</a> chart with his price prediction. 
 Looking at an LTC chart on TradingView, the analyst noted that there is a "nice sweep of the low" for Litecoin, also known as "digital silver," in the crypto space. According to Poppe, in order to get things to accelerate, LTC needs to break through the $98.50-$99.50 levels. 
 <blockquote class="twitter-tweet"> 
 For <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Litecoin</a>, nice sweep of the low.Crucially, you'd want to break through $98.50-99.50 and then things could accelerate. <a href="https://t.co/tWDs9Oigog" rel="noopener noreferrer nofollow">pic.twitter.com/tWDs9Oigog</a>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1678718535466377217?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 11, 2023</a> 
 </blockquote> 
 <h2 id="litecoin-halving-coming-soon">Litecoin halving coming soon</h2> 
 A Litecoin halving is approaching; this programmed event happens every four years, as with Bitcoin, and it is going to reduce the amount of produced LTC (the value of miners' rewards) by half. From this, comes the name "halving" or "halvening." 
 The event will take place on Aug. 2, and miners will produce 6.25 LTC instead of 12.5 LTC now. Earlier this year, the anonymous cryptocurrency DASH also conducted a halving. The leading digital currency Bitcoin is expected to perform a halving in April-May next year. 
 Since halving makes a cryptocurrency more scarce and deflationary, in theory, there is a chance of the price going up. Last time, when Bitcoin halving took place in the spring of 2020, the price went up to a new all-time high in April 2021, then it jumped to the next historic peak, $69,000, in October 2021. 
 <a href="https://u.today/13-of-litecoin-ltc-supply-has-remained-dormant-for-years-report" rel="noopener noreferrer nofollow">card</a> 
 <h2 id="litecoin-millionaires-emerge-ahead-of-halving">Litecoin millionaires emerge ahead of halving</h2> 
 Litecoin's latest all-time high was reached on May 10, 2021, and it was the $412.96 price level. At the moment, LTC is trading 76.39% below that peak, changing hands at $97.52 after a 2.79% rise within the last 24 hours, according to CoinMarketCap. 
 According to data recently shared by Santiment, as the halving event draws nearer, the number of <a href="https://u.today/litecoin-halving-countdown-in-next-27-days-ltc-millionaires-increase" rel="noopener noreferrer nofollow">LTC whale addresses</a> has been increasing too. Within the past five months, the amount of LTC millionaire addresses has increased as 32 news wallets holding 10,000 LTC or more have emerged. 
 Besides, according to IntoTheBlock, Litecoin holders have been showing great confidence in LTC, as around 13% of all the LTC in circulation is unmoved for the past five years.
 </body>
</html>

Litecoin (LTC) May Break out Once It Surpasses This Level: Prominent Analyst

Table of Contents

U_Today

Other articles published on Jul 11, 2023

Odisha News Channel Introduces AI-Powered Virtual News Anchor 'Lisa'

OKX to Support $ETH on Starknet

DigiToads among the top-3 crypto presales investors are actively participating in

SEC’s Gary Gensler expanding authority over cryptocurrency industry despite opposition

South Korean Pop Star Reveals $77,000 Loss on Crypto Investment

Hacked and Helpless? Here are 10 Crucial Steps to Secure Your Private Account! 🚨👇

Join our free newsletter for daily crypto updates!