Litecoin value prone to a 30% drop if key LTC futures historic pattern repeats

With lower than two weeks till Litecoin’s halving, when the miner’s block subsidy can be lower in half, merchants are questioning whether or not the extra shortage impact can be sufficient to maintain the LTC value above $90.

Litecoin’s (LTC) value has declined by 19% within the final 18 days, but it surely has proven a optimistic 31% efficiency this yr. Notably, most beneficial properties occurred between June 29 and July 2, with a 34% rally pushing the worth to a 14-month excessive of $115.

Comparable occasions in February 2021 and Might 2021

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