''LTC's bullish turn comes eight months ahead of Litecoin's third mining reward halving – a programmed code that will reduce rewards or LTC paid to miners for recording transactions on Litecoin's blockchain from 12.5 LTC per block to 6.25 LTC per block.
To crypto natives, LTC's latest rally may be reminiscent of the bearish-to-bullish trend change seen in the months leading up to the previous halvings, dated Aug. 26, 2015, and Aug. 5, 2019.''
Well, market is still weak and will need a good boost from fundamnetals before it can ahve a proper rebound.
LTC TECHNICAL ANALYSIS:
The target of 84.68 has not been met and i see the price is probably back towards 72.47 (mid) or 68.32 (lower end of the channel).
Trading crypto takes patience these days. No Fomo, no FUD...let's follow the chart.
One Love,
The FXPROFESSOR
To crypto natives, LTC's latest rally may be reminiscent of the bearish-to-bullish trend change seen in the months leading up to the previous halvings, dated Aug. 26, 2015, and Aug. 5, 2019.''
Well, market is still weak and will need a good boost from fundamnetals before it can ahve a proper rebound.
LTC TECHNICAL ANALYSIS:
The target of 84.68 has not been met and i see the price is probably back towards 72.47 (mid) or 68.32 (lower end of the channel).
Trading crypto takes patience these days. No Fomo, no FUD...let's follow the chart.
One Love,
The FXPROFESSOR
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