Renowned Crypto Expert Ali Predicts Possible Downturn for Litecoin Based on MVRV Ratio Analysis

July 4 (Cointime) - Litecoin's price direction has been analyzed by crypto expert Ali using the Market Value to Realized Value (MVRV) ratio, which currently stands at around 35%. Ali's observation reveals a pattern in Litecoin's history since 2018, where a sharp price correction ensues whenever the 30-day MVRV exceeds the 30% threshold.

This pattern has typically led to a decline in LTC's price ranging from 30% to 40%. However, it's important to note that historical trends are not a guaranteed predictor of future events. Litecoin's recent surge can be attributed to the upcoming halving event, which has served as a catalyst for investors to accumulate the altcoin.

Litecoin $81.64

+1.7%

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