LTC Price Analysis : Litecoin Price Likely to Break $100 Barrier Before August Halving

Coinpedia
Coinpedia

28 Jun 2023 9:46 AM

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...

  • The Litecoin (LTC) market is one of the top-traded altcoins with a 24-hour volume of $756 million.
  • Litecoin's open interest in the past 24 hours reached $305 million, indicating increased demand from traders.
  • The Litecoin community is anticipating the third halving, scheduled for August 03, 2023.
  • Experts predict that Litecoin's price will experience more volatility in the coming months but maintain a bullish outlook.
  • A price range of $128-136 is identified as a potential target for taking profits on medium-term trades.
  • An analyst suggests that Litecoin's price could break out of a macro-falling trendline and reach $173 by the end of the year, with a possible retest of the resistance line as a support level before the halving event.

The sentiment in the article is generally positive, with experts forecasting a bullish outlook for Litecoin's price and anticipating increased demand from traders.

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You May Ask

What is the 24-hour volume of Litecoin in the market?When is the third halving of Litecoin scheduled?What is the potential price range for taking profits on medium-term trades?What is the analyst's prediction for Litecoin's price by the end of the year?What is the analyst's expectation regarding a retest of the resistance line before the halving event?

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