A crypto strategist with a large following on Twitter believes that Litecoin's pre-halving rally may have already peaked. The analyst, known as Kaleo, notes that Litecoin's recent price action is similar to what was seen in late 2021, when the cryptocurrency rallied by over 187% before entering a multi-month bear market.

Kaleo is also concerned about the upcoming halving event, which he says could lead to a sell-off, as happened after the previous halving in 2019. The analyst predicts a short-lived rally for Litecoin before the altcoin resumes its downtrend.