Litecoin Price Prediction as Halving Approaches – Can LTC 100x From Here? -TGN

The price of Litecoin (LTC) has recovered a bit after falling to $88 this morning, with a current level of $89.26, representing a 2% drop over the past seven days.

LTC is also down 8% in the past two weeks, although the altcoin is up 27% since the start of the year and 59% over the past 12 months.

And with Litecoin’s halving set to take place in the next eight days, LTC could rise again, potentially making it one of the most profitable major cryptocurrencies of the summer.

Litecoin Price Prediction as Halving Approaches – Can LTC 100x From Here?

Litecoin has fallen along with the rest of the market this morning, with last night’s plunge – partly caused by expectations of another rate hike by the Fed this week – causing indicators to steer south.

The relative strength index (purple) of the coin had dropped to 30, but is about to rise again, towards 40, a possible sign that the dip will be short-lived.

At the same time, LTC’s 30-day moving average (yellow) has fallen further below its 200-day moving average (blue), approaching a point where it may need to start rising again along with the price of the altcoin.

However, with the coin’s support level (green) falling further down over the past week, it cannot be ruled out that it will have to take some more pain before the picture improves.

Though the picture should certainly improve soon enough, with the next Litecoin halving set to take place on August 2.

Similar to Bitcoin halvings, Litecoin will see the block reward paid to miners – currently 12.5 LTC – cut by 50%, which will make the cryptocurrency more scarce over time.

This, in turn, should help lift the price of LTC in the longer term, although we may also see a rally for the altcoin in the days leading up to the halving.

From its current level of around $89, we could see LTC return to $100 in the coming week, with the market’s return to more bullish conditions potentially pushing it towards $150 by the end of the year.

And if we see a bull market in 2024, LTC could reach $200 or $250 by the middle of the year.

Newer Altcoins have more immediate potential

However, the rise in LTC is likely to be gradual, which means that after a relatively quick turnaround, traders may prefer to look at newer tokens that have the potential to hit big in the shorter term.

This is especially the case with presale tokens, with one of the fastest rising presale belongs to Evil Pepe (EVILPEPE), an ERC-20 meme coin that went on sale last week.

It has raised more than $750,000 in recent days, with sales targeting $1,996,002 and with just under eight days to go.

EVILPEPE has a total maximum stock of 6.66 billion, 90% of which is reserved for the current presale.

This makes EVILPEPE a very decentralized meme token, especially when compared to many of the recent spate of new meme coins that have been listed directly on DEXes and often have their storeholders withdrawn.

By having such a broad allocation, EVILPEPE not only reassures investors, but also motivates them to invest more, knowing that they will have a greater relative interest in the token.

This explains why the presale has already done so well, with new buyers able to pick up some EVILPEPE at a discount by visiting the official Evil Pepe website and connecting their crypto wallet.

The pre-sale has only one stage and will sell EVILPEPE for $0.000333, a price that may seem very cheap when the token appears on exchanges in the coming weeks.

Visit Evil Pepe now

Disclaimer: Crypto is a high risk asset class. This article is for informational purposes only and does not constitute investment advice. You can lose all your capital.