Litecoin mark at risk of a 30% fall if key LTC futures historical model repeats

Litecoin price at possibility of a 30% tumble if key LTC futures historical fashion repeats

© Reuters
Add to/Remove from Watchlist
Add to Watchlist
Add Pickle
Pickle added successfully to:
Please name your holdings portfolio

Add to/Remove from Watchlist

With no longer as much as two weeks till Litecoin’s halving, when the miner’s block subsidy will likely be decrease in half of, traders are questioning whether or no longer the additional shortage blueprint will likely be sufficient to construct the LTC price above $90.

Litecoin’s (LTC) price has declined by 19% within the final 18 days, nonetheless it without a doubt has proven a obvious 31% performance this year. Particularly, most beneficial properties came about between June 29 and July 2, with a 34% rally pushing the cost to a 14-month excessive of $115.

  Dollar eases after real labor market stories
<em>Litecoin/USD 1-day price at Coinbase (NASDAQ:<span class="aqPopupWrapper js-hover-me-wrapper"><a href="" id="64bdf749a5c42" class="aqlink js-hover-me" hoverme="aql" data-pairid="1172292">COIN</a></span>), 2023. Source: TradingView</em>
<em><span class="aqPopupWrapper js-hover-me-wrapper"><a href="" id="64bdf749a5e61" class="aqlink js-hover-me" hoverme="aql" data-pairid="1056828">Litecoin</a></span> futures combination originate hobby in USD all the blueprint thru the final year. Source: CoinGlass</em>
<em>Litecoin futures combination originate hobby in USD, late 2021. Source: CoinGlass</em>
<em>Litecoin/USD 1-day price at Coinbase, late 2021. Source: TradingView</em>

Identical events in February 2021 and Might perchance 2021

<em>Litecoin/USD 1-day price at Coinbase, early 2021. Source: TradingView</em>
<em>Litecoin futures combination originate hobby in USD, early 2021. Source: CoinGlass</em>

Proceed Discovering out on Coin Telegraph

Content Protection by

Drop your queries here! ↴ we will answer you shortly.