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Famous Analyst Announces Halving Significant Price For Upcoming Altcoin: Rise Accelerates!
Famous Youtuber and crypto analyst Michael van de Poppe pointed out that the critical resistance zone for Litecoin (LTC) could accelerate if it is broken.
Michael van de Poppe recently shared a remarkable Litecoin chart on his social media post. The analyst emphasized that Litecoin has done a nice liquidity cleanup with its decline in the last week, while marking the resistance level in the $ 98.5-99.5 band for a possible rise. He also wrote that things could speed up if this level is broken.
Litecoin has taken the lows of liquidity nicely. The most important would be to cross $98.5-99.5. Then things can speed up.
Litecoin, which rose to $ 115 last week, fell to $ 91 with the effect of the general selling pressure in the market. Poppe hinted that this downturn was a strengthening factor for the uptrend.
According to data provided by Nicehash, Litecoin's next halving will take place on August 2. With this halving, the block reward given to miners will be reduced from 12.5 LTC to 6.25 LTC.
According to CoinGecko data, Litecoin, which has lost 6.1% in the last 1 week, is trading at $ 96.63 at the time of writing.
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