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With Litecoin’s halving event approaching, the coin has continued to set new yearly highs. This phenomenal price performance coupled with one of the most hyped events of the year has crypto Twitter buzzing.
Litecoin has had a fantastic few weeks, up over 9% today alone and over 32% over the last week has seen the project touch $140 – its highest price since, mid-May 2018. Many on Twitter are suggesting that this kind of performance is only the beginning, with even greater gains expected as we approach the halving.
$LTC is going to be on fire for days and days until the August halving 🔥🔥
— Satoshi Flipper (@SatoshiFlipper) June 12, 2019
It's just getting started and I just doubled my bags that are already 10%+ profit. https://t.co/RG2sTltGmh
$ltc litecoin
— Cᵣyₚₜₒᵣₐᵢdₑᵣ (@TradinginTime) June 12, 2019
Well on way towards top target
Bullish AF#halving pic.twitter.com/F0x9GuQehN
2015 Litecoin "Halvening" FOMO. Learn from the past. pic.twitter.com/OnxmOkkaDt
— Johnny (@DR6am) June 12, 2019
Litecoin is doing so well Craig Wright will soon be claiming he’s Charlie Lee.
— Alex Svanevik (@ASvanevik) June 11, 2019
Litecoin pumping like Charlie Lee still has a bag
— Crypto B🦁bby (@crypto_bobby) June 11, 2019
With the halving FOMO intensifying, traders and analysts have also joined in on the discussion, sharing their opinions about possible resistance levels and profit-making potential. One trader, CryptoFibonacci has suggested that LTC might be running into some short term resistance:
$LTC Daily Chart.
— CryptoFibonacci (@CryptoFib) June 12, 2019
Very impressive, but running into some short term Fib extension resistance. Could still hit mid 140's, but I expect a retrace here in the next couple of days.#LTC pic.twitter.com/6NzdCs24Y1
Popular trader Josh Rager has made a similar prediction, saying $125 has now flipped to support, and that it’s quite likely LTC will continue climbing to $150, an important level both psychologically and technically:
$LTC
— Josh Rager 📈 (@Josh_Rager) June 11, 2019
All you Litecoin fans must be happy about LTC breaking the current resistance on the daily
$125 has now flipped to support
Wouldn't be surprised if LTC made it's way up to $150 which will be strong resistance on the weekly and psychological take profit area pic.twitter.com/baoTFfyhSn
While Litecoin may see some retracement prior to the halving, the sentiment on Twitter is undeniably bullish:
Litecoin is giving us a sneak preview of what we can expect in the run up to the BTC halving...
— Ran NeuNer (@cryptomanran) June 11, 2019
Litecoin kicking a$$ and taking names.
— johnkimofficial.com ⚡️Chief LTC Evangelist🌏 (@johnkim77) June 11, 2019
$150 you're going down next!#IgnitetheFireLTC
🐔🚀⚡🔥👊😎🤫 pic.twitter.com/MPK9Ig4fMJ
$1,000 Litecoin by end of 2019
— Crypto Capital Venture ⚡ (@cryptorecruitr) June 10, 2019
Video uploading now 😃
Litecoin over the last 6 months 📈😆 $ltc
— TB - DYOR (@DYORPodcast) June 10, 2019
pic.twitter.com/mjPHfTeKQF
At the time of writing, Litecoin is trading at $138.36, up 8.60% in the last 24 hours.
