Satoshi

Litecoin

Bitcoin

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  <p lang="en-GB" xml:lang="en-GB">Amsterdam-based crypto analyst and trader <a href="https://twitter.com/CryptoMichNL/status/1679409327247851522" rel="noopener noreferrer nofollow">Michael van de Poppe believes</a> that, soon enough, <a href="https://u.today/litecoin-ltc-may-break-out-once-it-surpasses-this-level-prominent-analyst" rel="noopener noreferrer nofollow">LTC</a> and other top altcoins "should take off." Here is what may propel them to show a price rise, according to his tweet.</p> 
  <h2 id="bitcoin-ready-to-break-upwards">"Bitcoin ready to break upwards"</h2> 
  <p>Poppe believes that the leading cryptocurrency Bitcoin is "ready to break upwards." All the liquidity has been taken, per the analyst, and now that BTC has managed to recover the $30,500 level, Poppe says "we will fly to range highs." This should also push up the price of Litecoin and similar coins, according to the tweet.</p> 
  <p>Still, Poppe admits that if Bitcoin drops back below the psychological level of $30,000, it is likely to fall lower and roll back to $29,300.</p> 
  <blockquote class="twitter-tweet"> 
   <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ready to break upwards.Back to support, all liquidity taken (and fairly said, if we drop sub $30,000, we'll crack towards $29,300 but that seems an overcrowded trade.Back above $30,500 and we'll fly to range highs and things like <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a> should take of. <a href="https://t.co/ok4yay7J4N" rel="noopener noreferrer nofollow">pic.twitter.com/ok4yay7J4N</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1679409327247851522?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2023</a> 
  </blockquote> 
  <p><a href="https://u.today/guides/litecoin-ltc-halving-approaches-what-to-know" rel="noopener noreferrer nofollow">card</a></p> 
  <h2 id="litecoin-halving-drawing-closer">Litecoin halving drawing closer</h2> 
  <p>Slightly more than two weeks remain before the next Litecoin halving event takes place. This year, the day when LTC proof-of-work miners' rewards will drop by half is Aug. 2. Instead of 12.5 LTC, each block will produce 6.25 LTC coins from that point on for another four years.</p> 
  <p>These halvings are programmed before a crypto is launched to make it more deflationary. Since <a href="https://u.today/13-of-litecoin-ltc-supply-has-remained-dormant-for-years-report" rel="noopener noreferrer nofollow">Litecoin</a> is a spinoff of Bitcoin; its creator Charlie Lee copied the scheme from Satoshi Nakamoto's BTC.</p> 
  <p>Litecoin is not the only crypto that was in for a halving; the previous halvening happened to another PoW anonymous crypto called DASH. Bitcoin halvening is expected in April-May 2024.</p> 
  <p><a href="https://u.today/rich-dad-poor-dad-author-says-giant-crash-coming-get-into-bitcoin-asap" rel="noopener noreferrer nofollow">card</a></p> 
  <h2 id="whales-accumulating-btc-and-stablecoins">Whales accumulating BTC and stablecoins</h2> 
  <p>Per data shared by Santiment and Glassnode analytics companies, shark and whale addresses have either been actively accumulating Bitcoin or preparing to do so.</p> 
  <p><a href="https://twitter.com/santimentfeed/status/1679279306730778625" rel="noopener noreferrer nofollow">According to Santiment</a>, sharks and whales have been laying their hands on USDP and DAI <a href="https://u.today/crypto-high-risk-appetite-noticed-among-investors-as-they-convert-stablecoins-fast-now" rel="noopener noreferrer nofollow">stablecoins</a>; this increases the probability of future purchases of crypto. As for Glassnode data, analyst Ali Martinez shared a chart that indicates that over the past four months, approximately 40 new Bitcoin wallets have emerged. Each of them holds from $30 million to $300 million worth of Bitcoin.</p> 
  <blockquote class="twitter-tweet"> 
   <p dir="ltr" lang="en">Around 40 new <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> whales holding $30 million to $300 million in <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> have joined the <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> network in the last four months! <a href="https://t.co/z7E1iohba8" rel="noopener noreferrer nofollow">pic.twitter.com/z7E1iohba8</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1679368558663303170?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2023</a> 
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Litecoin (LTC) Should Take off, Analyst Says, Here's Major Price Driver

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