Analysts Expect Litecoin to Incur Further Gains Despite Crypto Market Downturn, Here’s Why

Litecoin (LTC) has been incurring significantly bullish price action over the past several weeks, marking a continuation of the significant gains it has incurred so far this year. The primary factor driving the recent gains, it seems, is its upcoming mining reward halving, which is widely viewed as a bullish event.

Now, analysts believe that Litecoin could incur further upwards momentum in the near-future, which may allow it to continue setting higher highs.

Litecoin Surges to Fresh Year-to-Date Highs

At the time of writing, Litecoin is trading up over 7% at its current price of $136 and is up significantly from its 24-hour lows of below $125.

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