Litecoin

Wednesday

The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/ltc-price-analysis-litecoin-price-likely-to-break-100-barrier-before-august-halving/">LTC Price Analysis : Litecoin Price Likely to Break $100 Barrier Before August Halving</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
The Litecoin (LTC) market remains one of the top-traded altcoins in the market with a 24-hour volume of about $756 million. Additionally, Litecoin’s open interest in the past 24 hours totaled a whopping $305 million, which indicates an increased demand from crypto traders. Exchanging around $84.72 on Wednesday during the early London session, the Litecoin community is counting less than 36 days to the third halving, which is scheduled for August 03, 2023. 
<h2 class="wp-block-heading" id="h-litecoin-price-analysis">Litecoin Price Analysis</h2> 
As the third largest proof-of-work (PoW) secured blockchain with about $7.1 billion in fully diluted valuation (FDV), Litecoin price is poised for more volatility in the coming months amid high-impact news. With increased on-chain activity, experts forecast the bullish outlook will subdue the bears before the end of the year. 
<blockquote class="wp-block-quote"> 
 “…, it seems more likely to us that the Litecoin price will break out of this consolidation to the upside. We have set a price range of $128-136 as the first place where we could cover some of our longs and take profit on medium-term trades,” P_S_trade <a href="https://www.tradingview.com/chart/LTCUSDT/0tqP19kJ-Litecoin-halving-soon-How-the-LTC-price-will-react/">noted</a> on TradingView.&nbsp; 
</blockquote> 
According to the analyst, Litecoin’s price is about to break out of a macro-falling trendline towards $173 before the end of this year. However, the analyst noted that a retest of the resistance line as a support level is likely to occur before the halving event. 
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LTC Price Analysis : Litecoin Price Likely to Break $100 Barrier Before August Halving

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