Community reacts to Litecoin's bull run: "it's just getting started"

12 Jun, 2019
by Richard Allen
Social
Community reacts to Litecoin's bull run: it's just getting started

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.

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:

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:

While Litecoin may see some retracement prior to the halving, the sentiment on Twitter is undeniably bullish:

At the time of writing, Litecoin is trading at $138.36, up 8.60% in the last 24 hours.

LTC/USD chart provided by Tradingview

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