Litecoin price at risk of a 30% drop if key LTC futures historical trend repeats
LTC/USD
+2.07%
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COIN
-0.43%
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Position added successfully to:
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Type:
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Leverage:
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1:1000
Commission:
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With less than two weeks until Litecoin’s halving, when the miner’s block subsidy will be cut in half, traders are questioning whether the additional scarcity effect will be enough to sustain the LTC price above $90.
Litecoin’s (LTC) price has declined by 19% in the last 18 days, but it has shown a positive 31% performance this year. Notably, most gains occurred between June 29 and July 2, with a 34% rally pushing the price to a 14-month high of $115.
