How Litecoin’s Halving Could Provide Clues to Bitcoin’s (BTC) Future

Litecoin Halving Provide Clues to BTC 770x513

Quick take: Litecoin’s halving in August 2019, was uneventful with LTC’s price failing to meet the expectations of fans and traders. LTC is frequently considered as Bitcoin’s little brother. Some analysts believe that first doing technical analysis on LTC could provide insights into Bitcoin’s future. It is Easter Monday and the King of Crypto followed our previous analysis of holding the $6,600 support level. To note is that we did not expect that there might be a slight pump before the dump. It was self-evident through the 6-Hour MFI, that Bitcoin could attempt a retest of $7,200. However, as with all Technical Analysis, you cannot always ‘see everything’. In the meantime, and with the Bitcoin halving less than a month away, it might be time to consult Litecoin in determining the future of BTC in the coming days and weeks. Litecoin’s Price Action Has on Some Occassions, Provided Clues as…

Read the original article here