Litecoin has been trading below the $100 for the past week and after several failed attempts to cross the $100 level, the new resistance is at $95.65. It has been difficult for the LTC/USD pair to make the breakthrough especially since Bitcoin is trading in the $9600 range. The halving is scheduled for August 5, 2019 and LTC price has dropped by over 33% in the past month. The popular opinion is that Litecoin will surge as we get closer to its halving, but looking at the recent drop in the price, analysts believe that we are way past the surge.
Want to read the rest of the article? Join our pro-membership and receive all of the following:
✅Access to ALL content.
✅Access to the CTN editorial staff.
✅Access to our CTN trading dashboard.
✅Access to our exclusive telegram channel where all our pro-members and editorial staff are in.
✅Ability to request content/research material!