Litecoin (LTC) Halving Rally on the Horizon, According to Renowned Analyst
A well-known crypto strategist, Michaël van de Poppe, suggests that Litecoin (LTC) may be on the verge of initiating a strong upward trend as it approaches its third halving event. Van de Poppe shares his insights with his extensive Twitter following, emphasizing that the coming days will be crucial for Litecoin’s price action. He indicates that LTC needs to surpass its immediate resistance level at $93 in order to trigger a halving rally. The anticipated halving event for Litecoin is scheduled for August 2nd, 2023. In addition to Litecoin, Van de Poppe also closely monitors Polygon (MATIC), a layer-2 scaling solution.
He suggests that MATIC could experience a significant rally of up to 61% if it manages to overcome a key resistance level. MATIC’s performance remains under observation. Lastly, Van de Poppe expresses optimism about Bitcoin (BTC), stating that with its trading position and potential for further price growth seems limitless. He highlights a positive retest indicating the possibility of continued upward momentum for Bitcoin.
Clever Robot News Desk 30th May 2023