THELOGICALINDIAN - Since the alpha of 2025 Litecoin has been the ablaze arch the crypto bazaar out of its bearish adit and into a new bullish assemblage After buck bazaar lows were set about 20 the crypto asset has back went on to accommodate investors with 500 returns
While abounding apprehend that Litecoin has alone gotten started, and is a “no brainer” advance advanced of its accessible halving, others achieve that the argent to Bitcoin’s agenda gold could accept already had its pre-halving assemblage advanced run, and added assets to the upside will be limited. In fact, some crypto analysts accept that not alone has Litecoin price run out of steam, but the asset could collapse in the advancing weeks admitting advertising surrounding the halving.
Crypto Analysts Majorly Bullish On Litecoin After Reaching “Fresh Highs”
With Litecoin’s halving beneath than 60 canicule away, all corners of the cryptosphere are bullish on the cryptocurrency advised by Charlie Lee.
Monsterously bullish on litecoin
1. Inverted arch & shoulders
2. Cup & handle
3. Previously emblematic July 20153 best litecoin charts
Find me a bigger one
Retweet $ltcbtc #litecoinhalving #ltc@TheCryptoDog @PeterLBrandt @APompliano @filbfilb @cryptorecruitr pic.twitter.com/FWRyzQO0gf
— Master⚡️250k/6.25k BTC/LTC 2021 (@MASTERBTCLTC) June 9, 2019
Crypto analysts affirmation the agenda bill displays one of the best archive beyond the market, but on its LTC/USD and LTC/BTC trading pairs. On the “ratio” Litecoin, a cup and handle or a changed arch and amateur are basic – both bullish amount patterns.
Related Reading | Crypto Analyst: Litecoin is a “No Brainer”
The bullish affect has led to “fresh highs” in Litecoin, but the majority of it is apprenticed by pre-halving hype.
Fresh highs for $LTC. pic.twitter.com/MiGh969Zci
— Mati Greenspan (tweets are not trading advice) (@MatiGreenspan) June 10, 2019
Litecoin’s halving will see the block accolade miners accept for accepting the arrangement and acceptance blocks cut in bisected – appropriately the “halving” name – to aloof 12.5 LTC. Such an accident tends to account accumulation and appeal of the asset, and is an accident that investors advanced run in apprehension of astronomic gains.
But Has the Pre-Halving Rally Already Been Front-Run?
Since Litecoin’s low abreast $20, the crypto asset has brought those accommodating to booty a accident in the base of the buck bazaar absurd assets of 500%. And although the absolute crypto bazaar is bullish on Litecoin, the actuality it’s already acquaint such assets could beggarly that it’s got little ammunition larboard in its rocket to ability the highs crypto analysts are calling for.
1D $LTC
RW buck div
death attractive imminent
support abreast 55-70
article on Chikun advancing after this anniversary for @bravenewcoin pic.twitter.com/A7jNSZgh7c
— Josh Olszewicz (@CarpeNoctom) June 10, 2019
Instead, a ample bearish alteration on the one-day LTC/USD amount blueprint accompanied by an ascendance block formation, could accelerate the amount of the asset aback bottomward to abutment abreast $55 to $70, claims crypto analyst, Josh Olszewicz.
https://twitter.com/walter_wyckoff/status/1138000439427964928?s=12
His approach is accurate by a baddest few added contrarian and risk-averse traders and analysts, who acquaint that not alone will Litecoin “halven” in the canicule ahead, so will the basic of Litecoin investors.
Related Reading | Can Litecoin Halving Spark Crypto Alt Season and Boost Bitcoin Price Higher?
If Litecoin amount halvens, and not aloof the accumulation miners accept for anniversary block reward, it would put the amount ambition in band with the abutment levels on the amount chart.
