Litecoin Payments Hit All-Time High As Halving Draws Near: Analyst Says These 2 Levels Key Before LTC Starts 'Grinding Upwards'
Portfolio Pulse from Mehab Qureshi
Litecoin (LTC) payments reached an all-time high of 167 million transactions, with the cryptocurrency ranking fourth in liquidity. LTC is up 15% in the last seven days, attributed to the approaching halving event. Crypto analyst Michael van de Poppe predicts potential long opportunities ahead for Litecoin, identifying $82-$84 and $78-$79 as two essential levels of interest.
June 23, 2023 | 6:33 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Litecoin payments reached an all-time high, and the approaching halving event is expected to create potential long opportunities. Analyst Michael van de Poppe identifies key levels of interest at $82-$84 and $78-$79.
The all-time high in payments and the upcoming halving event are positive factors for Litecoin. Historically, halving events have been correlated with price gains for the cryptocurrency. Analyst Michael van de Poppe's predictions of potential long opportunities and key levels of interest further support a positive short-term impact on LTCUSD.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100