{"id":25108,"date":"2023-07-04T14:44:34","date_gmt":"2023-07-04T14:44:34","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/07\/04\/heres-what-litecoin-ltc-historical-data-says-about-pre-and-post-halving-price-action\/"},"modified":"2023-07-04T14:44:34","modified_gmt":"2023-07-04T14:44:34","slug":"heres-what-litecoin-ltc-historical-data-says-about-pre-and-post-halving-price-action","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/07\/04\/heres-what-litecoin-ltc-historical-data-says-about-pre-and-post-halving-price-action\/","title":{"rendered":"Here’s What Litecoin (LTC) Historical Data Says About Pre- and Post-Halving Price Action"},"content":{"rendered":"

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Litecoin (LTC) value has soared over 110% in a 12 months, with over 50% rally coming inside a month. Litecoin historic information signifies LTC value tends to rally just a few weeks previous to its halving and fall much more shortly after the halving occasion.<\/p>\n

Several high analysts and merchants similar to Peter Brandt noted<\/a> Litecoin\u2019s 30% soar in a day, breaking its yearly excessive above $114. He stated \u201cmajor breakout\u201d in LTC value. Litecoin at the moment trades at $106.<\/p>\n

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Also Read: Elon Musk\u2019s Twitter Restricting TweetDeck Access Causing Exodus Of Crypto Community<\/a><\/strong><\/p>\n

Popular crypto analyst Rekt Capital on July 4 shared the historic value motion of Litecoin close to its halving occasions. During the final two halving occasions, LTC value rallied just a few weeks forward of halving and fell considerably instantly after the halving. It fell 73% in 2015 and 83% in 2019.<\/p>\n

However, LTC value tends to rally after consolidating for months. Thus, merchants must maintain a detailed eye on the value motion.<\/p>\n

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$LTC<\/a> Pre-Halving Rally replace#LTC<\/a> has reached Multi-Year Downtrend (orange)<\/p>\n

But LTC has overextended previous the Downtrend in earlier tops (yellow circle)<\/p>\n

Soon ultimate overextension earlier than Pre-Halving high happens in subsequent weeks?<\/p>\n

Followed by deep retrace (~70%)#Crypto<\/a> #Litecoin<\/a> https:\/\/t.co\/XUz1Woukog<\/a> pic.twitter.com\/id5RnjOMb3<\/a><\/p>\n

\u2014 Rekt Capital (@rektcapital) July 4, 2023<\/a><\/p>\n<\/blockquote>\n

Also Read:\u00a0Terra Luna Classic Announces Bug Bounty Program, Is LUNC $0.001 Next?<\/a><\/strong><\/p>\n

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Meanwhile, Michael van de Poppe predicts<\/a> LTC value to proceed upside momentum. However, he’s to get an add-on going at $99-102 on this one. It will provide a possibility for traders to build up Litecoin on the dip because it strikes up close to its halving.<\/span><\/p>\n

\"Michael