• The Litecoin (LTC) price has increased by 0.5% in the past 24 hours and is down 6% in the last seven days.
• LTC may experience further gains as the market anticipates the upcoming Litecoin halving event which is due early next month.
• In the near term, LTC may dip slightly below $90, yet it remains probable that it will rise back up to around $100 or $110 before the halving occurs.
Litecoin Price Movement
The Litecoin (LTC) price has risen by a slight 0.5% in the past 24 hours, yet its move to $91.77 still means it’s down by 6% in the last seven days. Despite its negative response to the ruling in the Ripple-SEC case (which harmed other Bitcoin forks), LTC remains up 18% in the last 30 days and by 57% in the past year.
Anticipation of Halving Event
And it’s possible that the altcoin will see further gains in the next few weeks, as the market anticipates the next Litecoin halving, which is due early next month. The coin’s relative strength index has begun rising up from a low of 30, which indicates that it had been oversold in