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LITECOIN HALVING – IS IT WAITING FOR?

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

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