Litecoin (LTC), one of the well-established names of cryptocurrencies, is getting closer to halving. How can this affect the price?
LTC, one of the oldest cryptocurrencies, has started counting the days to the halving. Although it varies depending on the transactions in the network, there is an average of 10 days left to having. Halving, which is one of the critical terms for the industry, has not clearly affected the LTC price in recent days. Which price zones are important for the major coin, which also shows stable movements due to BTC?
Litecoin (LTC) technical analysis
LTC, which retreated a little from the $ 94.89 resistance, is currently trading at $ 93.81. On the LTC side, $ 97.60 – 102.11 – 110 and 115.08 dollars can be targeted, respectively, to exceed $ 94.89. However, the $108 – $110 level being a hard-to-break resistance could increase volatility here. Persistence above $110 will strengthen the possibility of testing the next resistance.
Situations such as the failure of the halving to generate the expected interest or the downward pricing of BTC may naturally shake LTC. In such a scenario, the support points that can be followed on behalf of the popular coin are $89.13 – $85.23 and $81.33, respectively. The loss of 81.33 support may increase the selling pressure in LTC and lead to short-term bottom prices.
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