Фрактал Litecoin pre-halving намекает на рост цены LTC на 200% к июлю 2023 года

The price of Litecoin (LTC) could skyrocket by up to 200% by July 2023, coinciding with its halving event, reducing miner block rewards by 50%.

Litecoin has bottomed out?

Litecoin has undergone two halvings since its launch in October 2011. The first one occurred in August 2015, which reduced its block reward from 50 LTC to 25 LTC. The second happened in August 2019, which slashed the 25 LTC reward to 12.5 LTC.

Interestingly, each Litecoin halving event occurred after a volatile LTC price cycle, namely an enormous price pump, followed by a similarly massive correction, a price bottom, and recovery to a local top.

After the Litecoin halvings, LTC’s price corrected from its local top, established another bottom and followed it with another massive price rally to a new record high, as shown below,

LTC/USD weekly price chart featuring halving fractals. Source: TheScalpingPro

Litecoin’s third halving is scheduled to occur sometime in July 2023. Meanwhile, market analysts are already pointing out that LTC’s price is undergoing the same pre-halving trajectory as before the 2011 and 2019 events, now in the bottoming-out stage.

The Scalping Pro, an independent market analyst, added a dose of MACD and RSI momentum indicators to support the bullish outlook. Momentum indicators determine an asset’s oversold and overbought conditions to predict potential trend reversals.

On a weekly timeframe, LTC’s RSI and MACD have turned extremely oversold, which coincided with market bottoms ahead of the previous halving events. Thus, the analyst considers it a strong cue for another major LTC price rally.


#LTC x RSI + MACD (1W) 2/5

Everytime WEEKLY RSI entered the oversold zone with MACD crossover below the zero line

It has marked #Litecoin bottom historically.

Past preformance –
2015 ~ +36246%
2019 ~ +1333%
2022 ~ ??? pic.twitter.com/fRbY4VAkuf

— Mags.eth (@thescalpingpro) November 2, 2022

End of Quote.

Will LTC price reach $180 by July 2023?

Litecoin may see a new local top if it has indeed bottomed out near $40 in June 2022.

Drawing Fibonacci retracement graphs between Litecoin’s pre-halving correction peaks and bottoms highlights the likelihood of testing the 0. 236 and 0.382 Fib lines as their upside targets.

LTC/USD weekly price chart featuring Fib line targets. Source: TradingView

For instance, in 2011, Litecoin established its local top at the 0.236 Fib line near $10 in July, six months after bottoming out near $1.31.

Недельный ценовой график LTC/USD, демонстрирующий тренд до 1-го халвинга. Источник: TradingView

В 2019 году цена LTC сформировала локальную вершину на линии 0,382 Fib вблизи $340 в июне после отскока от уровня около $21 в декабре 2018 года.

Недельный график цены LTC/USD, демонстрирующий тренд до 2-го халвинга. Источник: TradingView

В текущем сценарии линии фибс Litecoin 0,236 и 0,382 совпадают примерно с $130 и $180 соответственно.

Недельный ценовой график Litecoin/USD, демонстрирующий тренд, предшествующий 3-му халвингу. Источник: TradingView

Эти уровни могут стать потенциальными локальными вершинами, если Litecoin подтвердит $40 в качестве своего дна. Другими словами, к июлю 2023 года цена вырастет на 100%-200% по сравнению с текущими уровнями.