Despite the upcoming halving, the LTC price has dropped 3% in the last 24 hours.

Adding the altcoin's loss in the last 24 hours, its loss on the weekly chart has increased to 16.70%.
Additionally, the 24-hour trading volume of the cryptocurrency rose to around $572,566,523 after gaining more than 40% over the past day.
With a market cap of $6,842,802,882, LTC ranks 11th among cryptocurrencies.
A positive trend has formed on the daily chart after the altcoin's price created two new high lows over the past few weeks. The first low was formed when $75.73 was touched on June 20, 2023, and the next at $82.94 on June 29, 2023.
If Litecoin's price closes high today and rises above the $92.37 level tomorrow, the positive trend will be certain. In this case, the price could rally to the $100 resistance level in the next 48 hours.
A break above $100 could pave the way for Litecoin price to surge to the next resistance at $109.25 next week.
However, the bullish thesis will be invalidated if the altcoin's price closes below the support at $92.37 in the next 48 hours. In case of a drop, the first downside target for LTC will be at $85.
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