Litecoin Halving Countdown: Will the LTC Price Soar or Crash in the Next 100 Day

[Coinpedia Fintech News]

Despite the heavy drop in price caused by the Terra collapse and the fallout from FTX, Litecoin has shown impressive strength in recent times. The token has managed to recover its losses by the end of 2022 and is now on the verge of breaking through a crucial 3-digit resistance level. Analysts believe that a successful breakthrough could trigger a significant bull rally ahead.

The market sentiment surrounding Litecoin has grown increasingly positive, and social and market activity for the token has risen substantially. Recent price action has seen Litecoin bounce from horizontal support that coincided with the 200 EMA, with the next resistance level above $100. A successful breakout above this resistance would be highly bullish and could signal a continuation of the current upward trend.

[bubblehouble]

The independence of Litecoin from the market is an illusion. Everything will depend on the charts of Ethereum and Bitcoin. The Litecoin halving has no significance.

[stevehussey]

It's interesting to hear that Litecoin has shown impressive strength in recent times despite the heavy drop in price caused by the Terra collapse and the fallout from FTX. The fact that Litecoin has managed to recover its losses by the end of 2022 and is now on the verge of breaking through a crucial 3-digit resistance level is certainly noteworthy.

A successful breakthrough above the $100 resistance level would be a highly bullish signal and could potentially trigger a significant bull rally ahead, as analysts have suggested. It's also positive to hear that the market sentiment surrounding Litecoin has grown increasingly positive, and social and market activity for the token has risen substantially.

Of course, as with any investment, it's important to remember that the cryptocurrency market is highly volatile and subject to sudden fluctuations. As such, it's always important to do your research, have a solid investment strategy, and manage your risk appropriately. Nonetheless, it will be interesting to see how Litecoin performs in the coming months and whether it can maintain its current upward trend.