The cryptocurrency analyst Loma: Litecoin's current transaction price is only slightly higher than the "bedrock support" level

Since the halving of the Litecoin in early August, the price of this cryptocurrency has fallen by nearly 25%, marking a very disappointing response to the view that many analysts claim that halving will push LTC higher. This poor price performance has emerged during periods of significant uncertainty in the encryption market, and LTC's recent price movements are largely in line with many other major currencies. Loma, a popular cryptocurrency analyst on Twitter, explained in a tweet yesterday that although people hold conflicting views on Litecoin, he believes that the current trading price of Litecoin is only slightly higher than "base." The rock supports the level, and today's soaring prices may confirm this view.