Potential Massive Sell-off Looms for Renowned Altcoin

A major sell-off may be imminent for a prominent altcoin that has found its place amongst the top 10 cryptocurrencies. Historical data indicate a clear downturn period. Could things unfold differently this time for the popular altcoin which experienced extreme sell-offs in previous halving periods? What do the current on-chain data tell us? LTC Coin Halving Price Litecoin price tested $100 again today with a 5% increase. However, past data shows that as the Litecoin halving date approaches, the price falls. The much-anticipated halving will occur on August 2nd (subject to miners’ performance). Despite this week’s 5% price increase, major stakeholders in the LTC ecosystem seem to be positioning for a downturn. Historical data on-chain indicates that Litecoin initiated a significant downturn period weeks before the halvings in 2015 and 2019. Prior to Litecoin’s first halving event in 2015, the LTC price peaked at $7.54 on July 10, then slid […] The post Potential Massive Sell-off Looms for Renowned Altcoin appeared first on COINTURK NEWS.