{"id":540635,"date":"2023-07-01T12:51:20","date_gmt":"2023-07-01T12:51:20","guid":{"rendered":"https:\/\/wncen.com\/?p=540635"},"modified":"2023-07-03T12:52:25","modified_gmt":"2023-07-03T12:52:25","slug":"litecoin-poised-to-close-up-over-20-heres-whats-happened-after-similar-breakouts-in-the-past","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin\/litecoin-poised-to-close-up-over-20-heres-whats-happened-after-similar-breakouts-in-the-past\/","title":{"rendered":"Litecoin Poised To Close Up Over 20%: Here’s What’s Happened After Similar Breakouts In The Past"},"content":{"rendered":"
Smashing the so-called “century mark” of $100, Litecoin looks poised to close up over 20% and at a 90-day or better high by the completion of today’s candle as Q2 comes to an end. An early altcoin designed to confirm transactions roughly four times faster than Bitcoin, Litecoin’s breakout comes just weeks ahead of its halving event, and we’ll examine what’s happened in the past when Litecoin experiences a gain of 20% or greater in one session while also closing at a 90-day high. Let’s dive in.<\/p>\n
Litecoin Breaks Above 3-Month Trading Range Highs<\/h2>\n
Since February, Litecoin’s sideways trading range dominated its price action, but today’s breakout to a multi-month high appears to indicate that traders view the upcoming halving event as bullish, with volume rising to greater than average levels, according to data from U.S.-based exchange Kraken.<\/p>\n
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Litecoin Daily Chart\u00a0 | LTCUSD on TradingView.com<\/span><\/p>\n