A closely followed crypto strategist is predicting a massive Litecoin (LTC) rally this year in anticipation of its halving event slated for August.
Pseudonymous analyst Rekt Capital tells his 331,800 Twitter followers that Litecoin has a tendency to erupt prior to its halving based on historical price action.
Looking at Litecoin’s pre-halving rallies in the past, the analyst posits that the peer-to-peer payments network could sustain its bullish momentum until the second quarter of this year.
“It looks like LTC pre-halving rallies may be lengthening in time. If this upcoming LTC pre-halving rally lasts twice as long as the previous pre-halving rally, then this rally will last ~365 days, which finds confluence with a May 2023 top.”
Rekt predicts that Litecoin could rally to a