The Litecoin (LTC) ecosystem is waiting for the third halving to take place on August 03, 2023. The Litecoin halving event will reduce the supply of new coins by half thus helping existing LTC assets gain more value. Furthermore, Litecoin has a fixed total supply of 84 million and a programmed block reward to miners.
As a result, the third largest proof-of-work (PoW) blockchain, after Bitcoin and Dogecoin, has recorded a sharp uptick in on-chain metrics in anticipation of the halving rally.
Moreover, Litecoin’s price did not rally beyond its ATH after the second halving event, which happened in August 2019. In this regard, crypto traders anticipate the Litecoin price will go parabolic this time after accumulating more fundamentals over the years.
Reasons Why Litecoin is More Bullish
According to a crypto trader and founder of Coinchartist alias Tony “The Bull”, Litecoin price is about to go Parabolic in regards to Hurst’s Cyclical theory. Coupled with the fact that Litecoin has already crossed bullish on the one-month LMACD, while Bitcoin and Ether are still lagging, the analyst is convinced the LTC market is well positioned for a huge breakout.
Additionally, the crypto trader noted that Litecoin price is well supported by the Elliott Wave theory. In this regard, the crypto trader expects Litecoin to rally strongest as his technical analysis shows the LTC market entering the fifth wave, which is considered the largest.
Meanwhile, the analyst noted that Litecoin transactions have significantly spiked almost outperforming Bitcoin.
“Being bearish here doesn’t make sense to me. The idea that we’re merely seeing another 2019 repeat, is extremely basic & is going to fool people into thinking they have several years to buy back in. Momentum says otherwise. This is going to run & you are going to chase it,” the analyst concluded.
cheapest clomiphene pills how to get cheap clomiphene without prescription where to get cheap clomid pill buying cheap clomiphene no prescription can i get cheap clomiphene without dr prescription how to get clomiphene pill can i purchase generic clomid prices
Thanks on putting this up. It’s understandably done.
Palatable blog you be undergoing here.. It’s obdurate to espy great status article like yours these days. I truly comprehend individuals like you! Withstand mindfulness!!
generic zithromax 500mg – tinidazole canada metronidazole 400mg generic
order rybelsus 14mg sale – rybelsus cheap periactin order
domperidone 10mg drug – order motilium 10mg online cheap flexeril for sale
generic inderal 20mg – clopidogrel 75mg for sale methotrexate medication
amoxil oral – diovan 160mg pill cheap combivent 100mcg
azithromycin usa – zithromax 500mg oral buy bystolic online
amoxiclav usa – atbioinfo acillin us
buy nexium – nexium to us esomeprazole 20mg cheap
medex online buy – cou mamide losartan 25mg sale
meloxicam buy online – swelling buy generic mobic online
where can i buy prednisone – arthritis order prednisone pills
over the counter ed pills – best pill for ed ed remedies
order amoxicillin pill – buy amoxil generic where can i buy amoxicillin
buy generic diflucan – https://gpdifluca.com/# purchase fluconazole sale
cialis 100mg review – https://ciltadgn.com/# trusted online store to buy cialis
cialis black in australia – on this site cialis trial
zantac price – zantac 300mg canada zantac cost
cheap viagra canada online – https://strongvpls.com/# viagra 50 mg for sale
The thoroughness in this draft is noteworthy. https://gnolvade.com/es/comprar-finasterida/
Greetings! Extremely serviceable recommendation within this article! It’s the little changes which liking obtain the largest changes. Thanks a a quantity towards sharing! https://ursxdol.com/ventolin-albuterol/
I am in fact thrilled to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks object of providing such data. buy acyclovir for sale
More posts like this would prosper the blogosphere more useful. aranitidine
The thoroughness in this piece is noteworthy. https://ondactone.com/simvastatin/
This website absolutely has all of the information and facts I needed there this case and didn’t comprehend who to ask.
dutasteride buy online
More articles like this would make the blogosphere richer. http://www.haxorware.com/forums/member.php?action=profile&uid=394306
buy forxiga 10mg – purchase dapagliflozin for sale order forxiga 10 mg generic
buy generic orlistat online – https://asacostat.com/# how to buy orlistat
This is the make of advise I find helpful. http://www.01.com.hk/member.php?Action=viewprofile&username=Lyparf