Jump to content

Litecoin halving and the potential impact it could have on its Price


Recommended Posts

This year Litecoin halving has seen many argue its potential impact on its price but the question is " does it really affect its price?" Records shows 2015 & 2019 halving all saw +500% price performance and creating new ATHs in every halving year but how true is it?

The first halving was in August 25th, 2015 and the price action in that period wasn't encouraging but good for accumulation cos post halving was very interesting. Although, it wasn't imminent. Significant price action started early 2017; almost 2 years after. 

image.png.c56c92f07640acf28b0aeeb51331e137.png

August 5th, 2019 halving had similar scenario. Price was on a decline; presenting accumulating opportunity for the diamond hands to buy and HODL during this halving period. History repeated itself much later and another new ATH was created in May 2021.

image.thumb.png.ccf6abd5c64ee594157e246ea5d6d1bf.png

This year halving may not be different from the previous records cos HH has been created and its now retracing to grab liquidity to push up and create a new HH. This is obviously another accumulation phase for $LTC maximalist.image.thumb.png.a31289a379cd064bb22092b2eba7d96b.png

The obvious lesson from Litecoin halving is; "Accumulation and HODL". Litecoin halving hype is indeed real but how are we preparing and do we think a new ATH is in play?

Link to comment

I believe that the fact that it has drawn more attention to it will make more people to add it to their watchlist, because we know the impact of halving is scarcity amd price increase in addition to that, the attractive events around it will make traders engage it.the more, so it's safe to say the ultimate result is that it definitely will increase with time. 

(NFA)

  • Like 1
Link to comment

Talking about preparation for the upcoming LTC halving, there are lots of events showing the preparedness of the LTC halving. Just of recent few exchanges has brought out events to create more awareness and get people ready ahead of the LTC halving. 
 

  • Like 1
Link to comment
3 hours ago, Mattluck said:

Talking about preparation for the upcoming LTC halving, there are lots of events showing the preparedness of the LTC halving. Just of recent few exchanges has brought out events to create more awareness and get people ready ahead of the LTC halving. 
 

I guess those event could be one of the reasons Litecoin network has seen impressive numbers of transactions recently. Statistics shows 10 million transactions have been made and counting. I am only aware the trading contest on Bitget, MEXC and Houbi. I will like to know if Kraken or Binance has a similar arrangements for her users. 

Link to comment

Back during the previous halvings, the crypto landscape was quite different. Unlike now, there weren't thousands of projects popping up daily, and scams weren't as prevalent. The scarcity of cryptocurrencies was so low that whenever something like this happened, the prices skyrocketed.

Today, the situation has changed. In other words, halving won't directly impact the price as dramatically. However, many platforms are offering substantial rewards for halving events, making it beneficial to grab those opportunities. I've observed that Bitget alone has set up a reward pool totaling $60K.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...
us