An analyst recently made their price forecast for Bitcoin (BTC) at its halving in 2024, while Litecoin (LTC) reached a remarkable milestone. Meanwhile, Meme Moguls is tipped to see upward trajectories. Read on to find out more.
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Bitcoin (BTC): Bitcoin’s Halving Triggers Anticipated Trading Range
Recently, an analyst made a Bitcoin price prediction ahead of its April 2024 halving. It is worth noting that during this event, miners’ rewards will be divided into two. It will also limit the flow of new BTCs into the circulating supply.
According to this forecast by Plan B, an X (formerly Twitter) analyst, Bitcoin will trade between $16,000 and $65,000 at the next halving. They did make compelling arguments for their claim, though.
According to them, the Bitcoin price during the 2016 halving was between the $256 and $1,024 range and between $4,000 and $16,000 in 2020. Given the above, they predict Bitcoin will be in the $16k–$65k range during the 2024 halving. The price of Bitcoin today is around $37,000.
Litecoin (LTC): Records Record Breaking Transactions
Litecoin is another top altcoin on the market. It recently achieved a remarkable milestone, stirring up excitement. But will this Litecoin news result in a price rise?
Earlier this month, BitInfoCharts recorded that Litcoin processed over one million transactions in a day. This was its peak, and it suggests a promising Litecoin future.
Although the daily transactions have since dropped, the event provided a hint of its potential. Its price today is around $70.
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Author: BeInCrypto Team
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