Popular Analyst Says Litecoin (LTC) Halving Rally Now in the Cards – Here’s His Outlook
A broadly adopted crypto strategist believes that Litecoin (LTC) may very well be near igniting a robust uptrend main as much as its third halving.
Analyst Michaël van de Poppe tells his 657,300 Twitter followers that the subsequent few days may very well be essential for the value motion of Litecoin.
In accordance with the crypto dealer, Litecoin should take out its fast resistance at $93 to start out its halving rally.
“Many squigglies on this chart, however larger timeframe resistance is at $93.
Presently, assist discovered at $82 and a robust bounce -> weekly candle appears good.
Subsequent week breaking by $93 and the halving rally may begin.”
Litecoin’s halving is predicted to happen on August 2nd, 2023. At time of writing, LTC is buying and selling for $91.32.
Van de Poppe can also be protecting an in depth watch on the layer-2 scaling resolution Polygon (MATIC). In accordance with the crypto analyst, MATIC may rally by as a lot as 61% if it manages to take out a key resistance stage.
“I actually wish to see it flip $0.95, then we will speed up in the direction of $1.30-1.50.
If that’s not the case, then quick is activated and longs might be taken at $0.75.”
At time of writing, MATIC is value $0.94.
As for Bitcoin (BTC), Van de Poppe believes that the “sky is the restrict” for the crypto king now that it’s buying and selling above $27,400.
“Good retest of Bitcoin right here at $26,600. Seems to be like we’ll have some continuation right here.”
At time of writing, Bitcoin is buying and selling for $28,133.
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