Litecoin (LTCUSD) Testing 1.5 YR+ Downtrend Resistance

Litecoin is breaking out above a major downtrend resistance connecting the May'21 and Nov'21 highs. The last pre-halving rally began roughly 7 mo before peaking (Jun'19) 2 mo ahead of the Aug'19 halving. If LTCUSD behaves as it did last cycle, w/ the next halving occurring Aug'23, and the pre-halving rally ending ard Jun'23, the 7 mo pre-halving rally has likely begun.

LTCUSD