However, following this peak, there has been a noticeable decrease in the activities of these influential investors. The future of Litecoin’s price trajectory could be influenced by the persistence of bullish sentiment following the August 2 Halving event. If this sentiment persists, LTC could maintain a value above $60.
On the other hand, bearish traders could potentially force a drop in Litecoin’s value below $60. Highlighting a possible positive turn of events, the piece points out a recent 16% price gain and strategic buy orders of 234,370 LTC at $63. These factors combined could potentially trigger a rally towards the $75 mark for Litecoin.
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Source: Cryptocurrency - investing.com
