A widely followed crypto strategist believes that Litecoin (LTC) is about to unleash a strong uptrend ahead of its third halving.
Analyst Michaël van de Poppe tells his 657,300 Twitter followers that the next few days could be crucial for Litecoin’s price action.
According to the crypto trader, Litecoin needs to knock out its immediate resistance at $93 to start its halving rally.
“Lots of squiggles on this chart, but higher resistance in the time frame is $93.
Currently support is found at $82 and strong bounce -> weekly candle looks good.
Breaking $93 next week and the halving rally could begin.
Litecoin’s halving is expected to take place on August 2, 2023. At the time of writing, LTC is trading at USD 91.32.
Van de Poppe also keeps a close eye on the layer-2 scale solution Polygon (MATIC). According to the crypto analyst, MATIC could rise as much as 61% if it manages to break a key resistance level.
“I really want it to flip $0.95, then we can accelerate to $1.30-1.50.
If not, short is activated and longs can be taken at $0.75.”
At the time of writing, MATIC is worth $0.94.
As for Bitcoin (BTC), Van de Poppe believes the “sky is the limit” for the crypto king as it trades above $27,400.
“Good Bitcoin retest here at $26,600. It looks like we’re going to get a continuation here.”
At the time of writing, Bitcoin is trading at $28,133.
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