LTC Price Rises up by More Than 8% Despite the Market-Wide Dip
- LTC is showing signs of strength while the rest of the crypto market is struggling.
- An analyst pointed out that the price of LTC rallied quite strongly prior to its halving.
- The price of LTC stands at $88.07 after an 8.21% increase in price.
The crypto trader and analyst Rekt Capital shared a post on Twitter this morning to comment of Litecoin’s (LTC) performance over the past day. According to the post, LTC is showing signs of strength while the rest of the crypto market is struggling after a market-wide dip.
In addition to this, the analyst also added that people should keep in mind that the LTC halving will be taking place soon. So far, the halving is scheduled to happen in August of 2023.
Rekt Capital pointed out that the price of LTC has historically rallied quite strongly prior to its halving. Before its first halving, LTC bottomed 122 days and rallied 820%. Before its second halving, the altcoin followed a similar trend as LTC bottomed 243 days and rallied 550%.
CoinMarketCap indicates that LTC is currently trading hands at $88.07 after an 8.21% increase…
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