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Famous Youtuber and crypto analyst Michael van de Poppe pointed out the critical resistance zone for Litecoin (LTC), stating that if it is broken, the rise can accelerate. Michael van de Poppe shared a remarkable Litecoin chart in his recent social media post. The analyst emphasized that Litecoin has done a nice liquidity cleanup with its decline in the last week, while marking the resistance level in the $ 98.5-99.5 band for a possible rise. He also wrote that things could speed up if this level is broken. Litecoin has taken the liquidity from the lower levels nicely. The most important would be to cross $98.5-99.5. After that, things can accelerate. Litecoin, which rose to $ 115 last week, fell to the level of $ 91 with the effect of the general selling pressure in the market. According to data provided by Nicehash, Litecoin's next halving will occur on August 2nd. With this halving, the block reward given to miners will be reduced from 12.5 LTC to 6.25 LTC.
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