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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/litecoin-halving-rally-appears-to-be-paused-while-bitcoin-halving-rally-is-yet-to-begin/">Litecoin Halving Rally Appears to be Paused While Bitcoin Halving Rally is Yet to Begin</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
After a significant rise, the bulls appear to have relaxed a bit as the prices of the majority of the tokens have been facing extreme consolidation. The star crypto, Bitcoin, witnessed a significant upswing and rose above $31,000. Besides, the Lite version of Bitcoin, Litecoin, displayed an iconic rally in the past few days and is presently struggling to rise above the $113 resistance zone. 
Both the proof-of-work blockchains will be undergoing a halving event in the few months ahead, hence <a href="https://coinpedia.org/price-analysis/litecoin-price-analysis-will-ltc-price-see-major-crash-post-halving-heres-what-to-expect/" target="_blank" rel="noreferrer noopener">the fresh pullback in LTC prices</a>. On the other hand, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">BTC prices</a> are also facing a fresh plunge. It may appear both could be facing a halt in the pre-halving rise, but both tokens are in the middle of a breakout trend.&nbsp; 
The LTC &amp; BTC prices have recently undergone a breakout, no matter that they could not reach the interim highs. If they had marked the larger targets and dropped them, it would have appeared as a fake breakout. But the prices are hovering around the resistance, and hence a retracement and failure to achieve their crucial post-breakout retests could be imminent.&nbsp; 
Therefore, it can be said that both are in the middle of a breakout trend. So what’s next? 
The <a href="https://coinpedia.org/price-prediction/ltc-litecoin-price-prediction/" target="_blank" rel="noreferrer noopener">Litecoin price</a> appears to have reached the upper resistance of the multi-year downtrend line. As a result, a popular analyst, Rekt Capital, predicts that a deep retracement will be followed by a 70% drop.&nbsp; 
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 <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LTC</a> Pre-Halving Rally update<a href="https://twitter.com/hashtag/LTC?src=hash&amp;ref_src=twsrc%5Etfw">#LTC</a> has reached Multi-Year Downtrend (orange) But LTC has overextended past the Downtrend in previous tops (yellow circle) Soon final overextension before Pre-Halving top occurs in next weeks? Followed by deep retrace (~70%)<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Litecoin</a> <a href="https://t.co/XUz1Woukog">https://t.co/XUz1Woukog</a> <a href="https://t.co/id5RnjOMb3">pic.twitter.com/id5RnjOMb3</a>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1676222860849819649?ref_src=twsrc%5Etfw">July 4, 2023</a>
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Besides, the Bitcoin(BTC) price has dropped below $31,000, again offering the chance for traders to accumulate more. The price is at the apex of the bullish consolidation and hence is closer to a massive explosion, which may lift the levels beyond the yearly highs.&nbsp;

Litecoin Halving Rally Appears to be Paused While Bitcoin Halving Rally is Yet to Begin

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