Dip Before Mooning For Litecoin

While many in the cypto community keeps their eye on Bitcoin (BTC) as it continuously break resistance lines one after another Litecoin (LTC) may be the first one to move dramatically as it approaches its halving event in just under 100 days.

This might come as wonderful news to many Litecoin (LTC) enthusiasts but one analyst warns that there might be one more dip for LTC before it moons.

An analyst with Twitter handle Financial Survivalism claimed that Litecoin’s chart is currently experiencing a cup and handle pattern, which in order to play out completely will see LTC dip to 0.0136 to 0.0142 against the BTC in the coming months.

According to the crypto analyst if historical trend hold up we will see a $250 USD price for LTC just before the its halving event so long as LTC will continue to rally against BTC.

Recently Litecoin foundation, the company behind Litecoin will be releasing the Litecoin BlockCard which resembles a classic debit card.

The card will enable its users to spend LTC, Bibox (BIX) and Ternio (TERN) in online or physical stores that accepts debitcards.

The initiative can be liken to similar product such as the Coinbase Card and Flexa.

Dip Before Mooning For Litecoin

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