The reason for LTC’s strength is the halving market hype:

1. Fundamentals: LTC will reduce production on August 4, 2023. There are still more than 9 months left until the production reduction. Production reductions are often hyped twice, and this is the first hype;

2. Technical aspect: From a technical point of view, LTC broke through the weekly consolidation pattern and formed a double bottom breakthrough pattern, with a theoretical target of $86-100;

3. Considering the background of the Federal Reserve’s interest rate hike, this speculation is just a test by Gouzhuang.