Surely recently, when you search for information on Twitter, you all know that the upcoming LTC halving event. So, what to expect at the upcoming LTC halving event? ——————————- ***Litecoin*** Litecoin is one of the oldest coins in the market Crypto. Like Bitcoin, Litecoin was born with the aim of creating a payment network and overcoming the weaknesses that BTC has with the payment network. ***Litecoin halving*** The maximum supply of Litecoin is capped at 84M $LTC. Similar to BTC Halving, LTC Halving is an event where the reward for each block in the Litecoin network mined will be halved. Currently 12.5 $LTC and after this event 6.25 $LTC. This halving event happens every 4 years. ***The price cycle of $LTC*** $LTC is usually bullish and peaks about a month and a half before the halving. ***First Halving 25/8/2015*** Before the halving, $LTC saw a 500% increase from $1.43 and peaked at $8.78 within 51 days. After 46 days, the price of $LTC plummeted 62% and reached the price of $3 on the day of the halving. The whole process of making the top and bottom of $LTC is 97 days ~ 3 months. ***Second Halving 5/8/2019*** Before the halving, $LTC saw a 118% increase from $66 and peaked at $145 after 53 days. After 44 days, the price of $LTC fell 34%, reaching a price of $92 on the day of the halving. The entire process of making tops and bottoms of $LTC is also 97 days. ***The third halving (estimated August 3, 2023)*** Currently, we are 72 days away from the halving. If history repeats itself, we are in a bullish run for $LTC before the halving. Judging by the last bottom of $LTC, we have 5/9/2023 when $LTC is trading at $77. Currently $LTC is at $92 ~ 18% uptrend. In terms of time, $LTC tends to peak about a month and a half before the halving. That leaves us speculating that the top of LTC will fall somewhere in the third week of June ~ Jun 19 – Jun 25, 2023. Do you think history repeats itself with $LTC? And what is the price that $LTC will reach during this halving?
Source: Collector
