Litecoin (LTC), with 60 days to its halving, continues to climb to the top prices despite the pullbacks in the market.
With almost two months left for its next halving, LTC has become one of the rare coins that managed to survive despite the collapse in Bitcoin. Although it is not clear, the popular coin, which will be halving after two months, continues to maintain its enthusiasm in this area. The clearest example of this is LTC set out for its next resistance, despite the altcoin market retreating to support points. What does the technical analysis show for LTC, which has gained strength from halving?
Litecoin (LTC) Chart Analysis
Despite the fact that Bitcoin (BTC) has withdrawn to $ 26,600, the increase in Litecoin (LTC) shows the importance of the Halving development at this point. While other altcoins were seeing selling pressure and testing to support zones, LTC managed to reach $92.15. The major coin, which is currently trading at an intermediate price, may want to test the levels of 94.89 – 96.34 and 102.11 dollars, respectively, with the wind behind it. In addition, the positive atmosphere continues in the Litecoin ecosystem with 60 days left until the Halving.
Factors such as the reversal of the halving wind and the sudden collapse on the Bitcoin (BTC) side may pull the LTC price down over time. In this possible scenario, the support levels that can be followed for LTC are $89.60 – 85.23 – 81.98 and $77.18 respectively. With the halving effect, LTC, where buyers dominate, has become one of the most talked about coins of recent times.
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