HomeBitcoinPopular Analyst Says Litecoin (LTC) Halving Rally Is Now On The Cards...

Popular Analyst Says Litecoin (LTC) Halving Rally Is Now On The Cards – This Is His Perspective


A widely followed crypto strategist believes that Litecoin (LTC) could be close to starting a strong uptrend leading to its third halving.

Analyst Michaël van de Poppe tells his 657,300 Twitter followers that the next few days could be crucial for Litecoin price action.

According to the cryptocurrency trader, Litecoin needs to clear its immediate resistance of $93 to start its halving rally.

“Lots of scribbling on this chart, but the biggest resistance on the time frame is at $93.

Support is currently at $82 and a strong bounce -> weekly candle looks good.

Next week it is above $93 and the halving rally could begin.”

Fountain: Michael van de Poppe/Twitter

Litecoin halving is expected to take place on August 2, 2023. As of this writing, LTC is trading at $91.32.

Van de Poppe is also closely monitoring the Polygon (MATIC) layer 2 scaling solution. According to the cryptanalyst, MATIC could rally as much as 61% if it manages to clear a key resistance level.

“I really want to see $0.95 turn around, then we can accelerate towards $1.30-1.50.

If that is not the case, then the short is triggered and longs can be taken at $0.75.”

Fountain: Michael van de Poppe/Twitter

At the time of writing, MATIC is worth $0.94.

As for Bitcoin (BTC), Van de Poppe believes that the “sky is the limit” for the king of cryptocurrencies now that it is trading above $27,400.

“Good new Bitcoin test here at $26,600. Looks like we’ll have some continuation here.”

Fountain: Michael van de Poppe/Twitter

At the time of writing this article, Bitcoin is trading at $28,133.

Don’t miss a thing: sign up to receive crypto email alerts straight to your inbox

Check Price Action

follow us TwitterFacebook and Telegram

Surf The Daily Hodl Mix

Check the latest news headlines


Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.

Image generated: Midjourney/Shutterstock


Quant Analyst PlanB Says Bitcoin Bull Market Is Underway, Predicts BTC Will Outperform Major Asset Classes

Closely watched quant analyst PlanB says Bitcoin (BTC) is now on track to expand by trillions of dollars to compete with some of the largest...

Bitget Reinforces Its Leadership In Smart Cryptocurrency Trading With Rebranding Initiative

Bitget, a leading crypto derivatives and copy trading platform, announced a rebranding initiative on July 25, 2023, with the aim of reinforcing its position as...

Coinbase vs. SEC: Key dates and details for upcoming court hearings

The legal battle between Coinbase, a major cryptocurrency exchange, and the United States Securities and Exchange Commission (SEC) has reached a significant milestone. Hearing...

Benjamin Cowen Issues Cardano Warning, Says ADA Repeats Hard Times of 2019

Widely followed crypto analyst Benjamin Cowen warns that Ethereum (ETH) rival Cardano (ADA) is repeating a downward pattern from 2019. In a new strategy session, Cowen...

Most Popular