Litecoin is Likely to Remain Within $80-90 Range until August Before Going Up
Litecoin (LTC) is adding 1.6% to reach $84.30 this week, following the general trend in the crypto market. Bitcoin (BTC) rose by 4.5% to $70,857.
Historically, Litecoin tends to lag behind Bitcoin after a halving event, typically needing 4-5 months to catch up. Therefore, LTC is likely to consolidate within the $80.00-90.00 trading range until August.
There are no significant internal developments expected to impact LTC prices in the near term. Consequently, a rebound to $90.00 appears to be the most optimistic scenario for the token over the next couple of months.
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