Litecoin before halving: Cryptoanalysts predict possible increase to $ 120

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Litecoin: Positive Prognose vor der Halbierung Die Kryptowährung Litecoin hat in den letzten Wochen einen konstanten Aufwärtstrend erlebt und konnte ihren Wert effektiv steigern. Dieses positive Momentum setzt sich auch in den letzten Handelssitzungen fort, während der Bitcoin-Preis 31.000 $ erreicht hat. Besonders erwähnenswert ist der erhebliche Anstieg von Litecoin um mehr als 20%. Dieser beeindruckende Aufschwung begann im Juni mit dem Überschreiten der Preisschwelle von 70 $. In der Folge verzeichnete Litecoin einen Anstieg von über 50%. Kryptoanalyst Benjamin Cowen teilt auf Twitter @IntoTheCryptoVerse seine optimistische Litecoin-Halbierungsprognose. Er bezieht sich dabei auf ein Preisdiagramm und gibt an, dass Litecoin …
Litecoin: Positive forecast before halving the cryptocurrency Litecoin has experienced a constant upward trend in recent weeks and has effectively increased its value. This positive momentum continues in the last trading sessions, while the Bitcoin price has reached $ 31,000. The significant increase in Litecoin by more than 20%is particularly worth mentioning. This impressive upswing began in June with the exceeding the price threshold of $ 70. As a result, Litecoin recorded an increase of over 50%. Kryptoanalyst Benjamin Cowen shares his optimistic Litecoin thermal forecast on Twitter @intothecryptoverse. He refers to a price diagram and states that Litecoin ... (Symbolbild/KNAT)

litecoin: positive forecast before halving

The cryptocurrency Litecoin has experienced a constant upward trend in the past few weeks and has effectively increased its value. This positive momentum continues in the last trading sessions, while the Bitcoin price has reached $ 31,000.

The significant increase in Litecoin by more than 20%is particularly worth mentioning. This impressive upswing began in June with the exceeding the price threshold of $ 70. As a result, Litecoin recorded an increase of over 50%.

Kryptoanalyst Benjamin Cowen shares his optimistic Litecoin thermal forecast on Twitter @intothecryptoverse. He refers to a price diagram and indicates that Litecoin historically reached its climax in June/July of the Halioning Year. This pattern follows a 4-year cycle. Based on the chart provided, Cowen shows optimistic forecasts by highlighting the cases in which the LTC Prize reached its maximum stalls in front of two earlier halder cycles in 2015 and 2019.

The renowned cryptoanalyst Rekt Capital also expressed a positive prediction for Litecoin with a view to the halving event. On June 4, he tweeted that Litecoin tends to reach his climax a few weeks before the halving. However, he also warns that Litecoin could experience reset after the event.

Interesting information about Litecoin was also published by Intothblock, a provider of on-chain data. These say that certain Litecoin wallets have kept about 13% of the circumferential amount of LTC in five years without moving anything. There are two possible explanations for this phenomenon: Either these Wallet owners have lost unshakable trust in the cryptocurrency or the coins.

Based on past halves, there is the possibility that the price of Litecoin will increase towards $ 120 before halving. However, the strong resistance at $ 110 is a major challenge. A graphic shows that 200,000 investors bought 2.09 million LTC tokens at an average price of $ 109.56.

Overall, there is a lot of indication that Litecoin could take a positive development before halving. The coming weeks will show whether these forecasts will occur.