How Litecon Halving will impact the price of Litecoin? - page 2.

CryptoInsights

member

Activity: 141

Merit: 19

In general whenever Halving happens the price of the coin pumps up if we check the TA of LTC during last halving the price skyrocketed by over 500% 48 days after the halving.

Hoping to see the same kind of market changes this halving as well.

Quote

As we know, a decrease in supply leads to high price, hence many investors will price in the block reward event predicting that its supply might fall in the future. Some miners might exit the market when they realise their computing power can’t compete with others. When they exit, the difficulty decreases and price tends to decline.

Source: https://coinswitch.co/news/litecoin-halving-2019-countdown-know-everything-about-upcoming-ltc-halving

caffu chino

member

Activity: 532

Merit: 10

Quote from: Ana_crypto on July 31, 2019, 11:32:48 PM

Hey guys, countdown as started for Litecoin halving which is scheduled on August 6th, 2019. What do you think? Will this halving will impact on Litecoin price? Will the price of Litecoin decreases or increases? Please share your opinion on this.

I'm sure halving will have an impact, even though it's not big but we can already see the market price has gone up. and this could continue until halving is finished later. if you want to buy maybe now is the right time to buy.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

More miners will be going out, average tx fees increase, send litecoin takes more time to be validated or confirmed by the block and less litecoin will be distributed in the market.
This cycle will lead to the people think about to buy more and more litecoin consider only a few days before halving the time.
the last halving of litecoin had brought the price of litecoin goes more than a hundred percents and it was going to drop again but it was creating another high bottom value. A similar pattern will happen again.

tranthidung

legendary

Activity: 2310

Merit: 4085

Farewell o_e_l_e_o

Halving already shows its impacts on Litecoin price, in both LTC/BTC and LTC/USDT pairs. Now, let's take a look at two charts below.

You can easily see the facts that:
- In LTC/USDT pair: Litecoin rose from around $25 to about $140, then fell back and stood at $97 for today. I don't think it is a small increase from Litecoin.
- Next, in LTC/BTC paird: Litecoin rose from around 0.005 BTC to nearly 0.019 BTC, before decreased and stood at 0.0097 BTC, for now. Once again, I don't call it is small increase from its bottom.

Ken_terrance

member

Activity: 574

Merit: 18

Making Smart Money Work

Quote from: Ana_crypto on July 31, 2019, 11:32:48 PM

Hey guys, countdown as started for Litecoin halving which is scheduled on August 6th, 2019. What do you think? Will this halving will impact on Litecoin price? Will the price of Litecoin decreases or increases? Please share your opinion on this.

if you know what halving is all about you should know that litecoin will surely increase in value but im not sure if the value increase will be for short term or long term,thats something we all have to wait for and see how things play out.

Ana_crypto

newbie

Activity: 16

Merit: 10

Hey guys, countdown as started for Litecoin halving which is scheduled on August 6th, 2019. What do you think? Will this halving will impact on Litecoin price? Will the price of Litecoin decreases or increases? Please share your opinion on this.

Topic: How Litecon Halving will impact the price of Litecoin? - page 2. (Read 285 times)