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February 27, 2024
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Will Litecoin (LTC) Price Surge 100% Ahead of the Halving Event?

The post Will Litecoin (LTC) Price Surge 100% Ahead of the Halving Event? appeared first on Coinpedia Fintech News

A popular strategist named Michaël van de Poppe believes that both Litecoin (LTC) and Ethereum (ETH) are about to make some big moves and go on what we call a “breakout rally.” In a recent strategy session on YouTube, renowned crypto analyst Michaël van de Poppe generated buzz within the cryptocurrency community by forecasting significant price surges for Litecoin (LTC) and Ethereum (ETH). His positive outlook stems from Litecoin’s upcoming halving event and Ethereum’s favorable trading position.

Litecoin’s Halving: Catalyst for a Breakthrough?

According to van de Poppe, Litecoin, a popular peer-to-peer payments network, is on the cusp of a breakthrough. The anticipated halving, scheduled for August, is expected to serve as a catalyst, propelling the digital asset’s price to levels not witnessed since December 2021. With just one major resistance area to overcome, van de Poppe asserts that Litecoin is poised for rapid price expansion.

“I think having a very strong rally is definitely likely if it breaks through $100,” states van de Poppe, indicating that such a breakthrough could propel Litecoin’s price to a peak range of $160 to $180. These projections have caught the attention of crypto enthusiasts who eagerly await Litecoin’s potential surge. As of now, Litecoin is trading at $93.39, reflecting a slight decrease in the past 24 hours.

Can Ethereum Breach the $1,903 Mark?

Similarly, Van de Poppe also identifies Ethereum as a cryptocurrency with favorable prospects. The strategist highlights a crucial resistance level of $1,800 that needs to be maintained for Ethereum to demonstrate accelerated growth. Should Ethereum successfully surpass the immediate resistance at $1,903, Van de Poppe envisions a rapid ascent toward $2,800. At the time of writing, Ethereum is valued at $1,881, experiencing a fractional decrease for the day.

Overall, Van de Poppe’s analysis suggests that both Litecoin and Ethereum are on the cusp of notable price movements. Litecoin’s impending halving event is seen as a key catalyst, while Ethereum’s ability to stay above $1,800 is viewed as a crucial factor for potential rapid growth.

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