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While Litecoin (LTC) halving has grabbed headlines, renowned analyst Michal van de Poppe has predicted that both Litecoin and Ethereum (ETH) are on the verge of igniting breakout rallies, setting the stage for potentially substantial price increases.

In a report, Van de Poppe expressed the belief that Litecoins halving narrative could propel the peer-to-peer payments network to a level last witnessed in December 2021. His statement indicates his belief that Litecoin has the potential to revisit or even surpass this level.

According to the update, the analyst predicted that the halving event will occur in August, and drive the price of Litecoin to new heights, with targets ranging from $100 to $180 per LTC. Meanwhile, LTC is currently trading at $93.39, with a slight decrease in the last 24 hours.

The analysts proposed timeline aligns with the four-year cycle of Litecoins halvings. Historically, these events have generated increased attention and investor interest, leading to subsequent price rallies.

Van de Poppes optimism may have been fueled by the belief that the reduced supply, coupled with increased demand, will create a scarcity that could drive up prices in the market. Also, the halving event often generates increased media attention and investor interest, leading to broader acceptance.

Notably, Litecoin has emerged as one of the markets most prominent cryptocurrencies. Known for its quick transaction speeds and cheaper fees when compared to Bitcoin, Litecoin has a large following and is seen as a trustworthy alternative to its more well-known rival.

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Overall, Van de Poppes optimistic view on Litecoins halving narrative aligns with the positive sentiment surrounding the event. If history is any indication, Litecoin could witness a price surge following its halving.

In addition, Ethereum has been steadily making waves in the crypto ecosystem. Van de Poppe also suggests that Ethereum has the opportunity to surpass its immediate resistance level, provided it maintains a trading price above $1,800.

Furthermore, the analyst highlighted that Ethereum has the potential to accelerate toward $2,800 if it surpasses the resistance level of around $1,903 and maintains a price above $1,800. Meanwhile, Ethereum is currently trading at $1,806.02, atop a 1.98% decrease over the past 24 hours.

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Ethereum, the second-largest crypto by market capitalization, has been gaining momentum due to its continued growth in Decentralized Finance (DeFi) and the rise of Non-Fungible Tokens (NFTs).

The Ethereum blockchains ability to support smart contracts and DApps has attracted developers and users, propelling its ecosystem and market capitalization. With ongoing upgrades like Ethereum 2.0, addressing scalability concerns and enhancing performance, Ethereums breakout potential seems promising.

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Litecoin's Halving Hype and Ethereum's Breakout Potential: Analyst ... - Crypto News Flash