Litecoin value susceptible 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, nevertheless it has proven a optimistic 31% efficiency this 12 months. Notably, most positive aspects occurred between June 29 and July 2, with a 34% rally pushing the value to a 14-month excessive of $115.

Related occasions in February 2021 and Might 2021

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