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Important Developments in Litecoin (LTC)! Canada Detail!
The Canadian government has authorized unlimited Litecoin trading on crypto exchanges.
Litecoin, which has been in the crypto market for many years, has been experiencing significant developments. Litecoin, which will halve next month, has received approval from Canada. According to Litecoin's announcement, the Canadian government has given the green light to unlimited Litecoin trading on exchanges.
Litecoin (LTC) Approved in Canada
Popular cryptocurrency project Litecoin (LTC) got the community excited with an announcement for the July 1 Canada Day event. Litecoin has been listed among the cryptocurrencies allowed for unlimited trading in Canada. The list also includes 3 more cryptocurrencies. Other cryptocurrencies that are not included in the list will have an annual trading limit of 30 thousand dollars.
Another event for Litecoin, which is happy to be approved in a country, will be halving. Litecoin will make a big halving exactly one month later. On its third halving, Litecoin is reducing its block reward from 12.5 LTC to 6.25 LTC.
Attracting attention by exceeding the $100 level, LTC tested $106 with its approval in Canada. The crypto community expects a bull run on the LTC side, just like BCH.
Analysts Expect Rise for Litecoin
Litecoin, which is backed by the Canadian news and will halving next month, is included in the bullish scenarios by analysts.
Famous analyst Peter Brandt stated that he saw a big break in Litecoin chart analysis. Pointing to the $110 level, Brandt shared that this is a bullish breakout and that he thinks the rise will continue.
On the other hand, crypto analyst Crypto Tony said he was of the same opinion. Tony stated that LTC will continue its upward movement and that the support point of $ 102 is important at this point. LTC, which has experienced a very strong rise recently, was again included in the top 10 cryptocurrencies according to market value. The expectation for LTC, which will halving in August, is bullish.
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