Is the upcoming LTC halving a market mirage?

Jackl87

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Quote from: ananyabushra on July 20, 2023, 05:27:12 AM

Ltc halving is knocking at the doorstep.
During this event, the block reward for mining will be cut in half, from 12.5 to 6.25 LTC. Some people are wondering if the halving is as significant as it's made out to be. It happens every 4 years and is meant to maintain Litecoin's value and attract more investors.

There are differing opinions on its impact. Some believe that the reduced supply will make Litecoin more valuable and lead to a price increase, while others think that the high demand for Litecoin might minimize the halving's effect. In the past, Litecoin experienced substantial price rallies before previous halvings. What are your thoughts on how the halving will affect Litecoin this year?"

So far i have only considered the Bitcoin halving as a noticeable event that so far did not only have effect for the price of Bitcoin itself but also for the whole crypto market. Of course Bitcoin is still the leading project of the crypto space and this will probably be the case in the future too therefore it is nor really surprising that the BTC halving has such impacts.

I can definitely see, that the LTC halving also has effects but only local ones. So i think it will only affect the price of LTC itself, which makes sense because the newly generated LTC are becoming 50% less, but i doubt this event will have any effects on other crypto projets at all. I doubt it will trigger an overall bull run or something like that.

OcTradism

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Quote from: _act_ on July 20, 2023, 07:42:27 AM

If the mining supply is reduced, it would make litecoin more valuable because less supply will encourage more demand and the price of litecoin have more tendency to increase.

Value of a coin is not decided by its supply and not affected by its halving. The value belongs to its use cases and usability as well as demand from community. If Litecoin developers don't create any new and better use cases, usability for their coin in future, the coin price as well as its value will drop more and more. It will not increase in either price or value if project development is bad, becomes worse and less demand on the coin.

asriloni

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The halving doesn't give massive impact to the price of litecoin. I meant the fact that if litecoin is only going up around 10% which is very bad. It's far less from my expectation. Bitcoin help so much in pushing litecoin to be pumped so hard.

The price is slowly moving down again after it has gotten a pump last week. The impact from halving will not so big. Im not even expect litecoin to go to as high as people said in the different thread.

I remember that even someone said litecoin may be going up for another 100% after halving but i think if he was only joking about that caused by it will never happen.

Bitcoin was not even pushing the price. Litecoin may go down even deeper. It may go back to the previous price before the pump.

GreatArkansas

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For me, the price of Litecoin is already affected, because I can relate Litecoin halving to Bitcoin halving where you will see a positive price action months before the event which is the block halving.
I can see Litecoin is more likely to correlate with Bitcoin, you can see it on the chart, like started this year, the price started to rise, same with Bitcoin. And since Bitcoin's block halving is fast approaching, Litecoin will follow Bitcoin also.

Wexnident

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There was actually a topic about this a few days ago, and I'll pretty much repeat what I said. I doubt the halving we'd see would have any big effects, the past halvings of LTC had a small pump, yes, but any big movements after that weren't due to the halvings. Afaik it was lined up instead with the start of the pandemic? So I reckon new investors drove in and boosted the price. At this point, with how disappointing the coin has been and nothing changing, I hardly doubt we'd see any minor price changes. Maybe a bit of a temporary boost, but that's it. Shorts would probably enjoy it though.

nelson4lov

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Thanks for the heads up, I was supposed to set a reminder for the LTC halving. Now that's done, I don't think the price might see a huge rally but it's sure going to see some positive price movements as it gets closer to the halving event. LTC has been under the radar for a long time and this event will bring it to the spot for a while. Realistically speaking, LTC shouldn't see much growth but this is crypto, anything can happen especially it has to do with fundamentals of a project, the price is north-bound.

Quote from: masulum on July 20, 2023, 11:32:06 AM

However, for a trader, maybe they will take advantage of this moment to be used as a fundamental, because there will definitely be an assumption that the LTC halving will affect prices in markets like BTC. I doubt about that will happens.

Exactly my point, I would watch it for the next 2-3 days and try to get in at a reasonable price. It's a risky place but the rewards should be good if it ends up making an uptrend innthe short term.

Hispo

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I am personally expecting the price of Litecoin to increase in the coming days, perhaps even a nice rally which to take the value of a single coin back towards the 300$, before going down again and stabilizing in the 150$ resistance.

I am quite a believer on the law of the offer and demand, one of the universal laws of economics.
Litecoin holders are in for some price action soon, I am quite sure of it, after all Litecoin is one of those OG altcoins which to this day I would not dare to Call a shitcoin.

jossiel

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Quote from: Wapfika on July 20, 2023, 10:56:31 AM

I already lost my confidence on this project after the creator sold all his holdings last bull run and just work for it like a regular employee. If the owner decided to take profit then why investors should still invest on this token?

Me neither.

I've already lost it as well because of what happened in the past. Two halvings have came before and there's really nothing that changed at all. That's why if you're just for the transfers, no doubt that Litecoin is a good coin.

But if you're up for it as an investment, it's going to be a matter of your preference and these events are good to have it to take many attention but you'll be unsure if they'll have a huge impact.

o48o

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Quote from: _act_ on July 20, 2023, 07:42:27 AM

If the mining supply is reduced, it would make litecoin more valuable because less supply will encourage more demand and the price of litecoin have more tendency to increase.
-cut-

That just sets the premise for it to be valuable. It doesn't make it more valuable. And i think he markets have already spoken. It doesn't peak. Maybe it's already priced in and people will start to sell in panic after the halving. I think that litecoin has potential to rise again with the rest of the coins in the bullmarket but i don't see any fundamental reasons for it other then it being POW, old and the fact that it hasn't been shut down.

And at least in the past everyone knew what litecoin was, most likely because there were not that many coins back then. But i doubt that new people even know the history or the fact that the creator dumped everything in the top. That was somehow seen as a good thing by a community. I still can't figure out why. If Vitalik would dump his, his community would turn against him instantly.

wheelz1200

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Quote from: ananyabushra on July 20, 2023, 05:27:12 AM

Ltc halving is knocking at the doorstep.
During this event, the block reward for mining will be cut in half, from 12.5 to 6.25 LTC. Some people are wondering if the halving is as significant as it's made out to be. It happens every 4 years and is meant to maintain Litecoin's value and attract more investors.

There are differing opinions on its impact. Some believe that the reduced supply will make Litecoin more valuable and lead to a price increase, while others think that the high demand for Litecoin might minimize the halving's effect. In the past, Litecoin experienced substantial price rallies before previous halvings. What are your thoughts on how the halving will affect Litecoin this year?"

I mean yeah I guess it will lower the available block rewards miners can sell, lowering available daily supply but it really doesn't mean much. Just like with everything else. It all waits until bitcoin starts blasting off. That is the real catalyst for litecoin and every other altcoin. It might have just been a coincidence in the past that it occurred during a bitcoin rally.

MAAManda

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Quote from: ananyabushra on July 20, 2023, 05:27:12 AM

What are your thoughts on how the halving will affect Litecoin this year?"

That will have a real impact on the price of Litecoin, but the hype this coin gets won't be the same as the halving that happened to Bitcoin so people can't expect a significant price increase. I agree with what @masulum said, some traders will take advantage of the Litecoin halving momentum and then leave it.

So, don't expect more from events that happen to Litecoin, but if you just want to take the momentum, then go for it.

Silberman

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Quote from: ananyabushra on July 20, 2023, 05:27:12 AM

Ltc halving is knocking at the doorstep.
During this event, the block reward for mining will be cut in half, from 12.5 to 6.25 LTC. Some people are wondering if the halving is as significant as it's made out to be. It happens every 4 years and is meant to maintain Litecoin's value and attract more investors.

There are differing opinions on its impact. Some believe that the reduced supply will make Litecoin more valuable and lead to a price increase, while others think that the high demand for Litecoin might minimize the halving's effect. In the past, Litecoin experienced substantial price rallies before previous halvings. What are your thoughts on how the halving will affect Litecoin this year?"

I do not see how someone could argue that the high demand of a coin can somewhat minimize the effect of the halving, if anything this should enhance it and not the other way around, however what it can affect litecoin is the fact that ripple recently got a favorable resolution towards it and this could make people to buy that coin and concentrate their efforts and goals on that coin, ignoring litecoin in the process and causing the halving to not be as significant as people thought it could be.

masulum

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hmph..

Well, that LTC is not bitcoin, even though LTC will be halving in the near future, but this hype event will not be like what happened to BTC. However, for a trader, maybe they will take advantage of this moment to be used as a fundamental, because there will definitely be an assumption that the LTC halving will affect prices in markets like BTC. I doubt about that will happens.

jrrsparkles

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Quote from: ananyabushra on July 20, 2023, 05:27:12 AM

Ltc halving is knocking at the doorstep.
During this event, the block reward for mining will be cut in half, from 12.5 to 6.25 LTC. Some people are wondering if the halving is as significant as it's made out to be. It happens every 4 years and is meant to maintain Litecoin's value and attract more investors.

There are differing opinions on its impact. Some believe that the reduced supply will make Litecoin more valuable and lead to a price increase, while others think that the high demand for Litecoin might minimize the halving's effect. In the past, Litecoin experienced substantial price rallies before previous halvings. What are your thoughts on how the halving will affect Litecoin this year?"

Litecoin halving countdown live: https://www.nicehash.com/countdown/ltc-halving-2023-08-06-11-00

I am not going to think it will create any remarkable changes on its prices because litecoin continued to decline its price even though its promising for the future just like bitcoin because its nothing different from bitcoin and it failed to interest the investors when it comes to returns meanwhile lot of shitcoin came back very recently produced very high returns.

If litecoin manages to survive for longer then the scarcity in its supply will give the hikes but for now the marketcap of LTC is crawling just over 6 Billion.

tsaroz

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I have been closely watching litecoins halving and historically litecoin or anycoin halving has overall yielded a good price hike after the process. I have some litecoins so I might be shilling it a bit. Its price did increase from $40 to $100 over past few months and we can associate it with the halving.
I'm too bullish about the coin and bought some around $94 a few days prior. I'm at a loss considering the current price but I've set a sell around 120 as I believe it is easily achievable.

Wapfika

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Quote from: ananyabushra on July 20, 2023, 05:27:12 AM

Ltc halving is knocking at the doorstep.
During this event, the block reward for mining will be cut in half, from 12.5 to 6.25 LTC. Some people are wondering if the halving is as significant as it's made out to be. It happens every 4 years and is meant to maintain Litecoin's value and attract more investors.

I already lost my confidence on this project after the creator sold all his holdings last bull run and just work for it like a regular employee. If the owner decided to take profit then why investors should still invest on this token?

Halving is just slowing the mining of new tokens and it doesn't give much hype on the price unlike Bitcoin that the creator is still anonymous and not using his holdings until now.

Yogee

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Anything that's with demand that continues to decrease supply "production" is always good so there's no need to debate on that. Price at $90 is still probably a good catch right now if you're going to hold it even past its halving. I personally don't care much about LTC since the real action is with Bitcoin.

_act_

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If the mining supply is reduced, it would make litecoin more valuable because less supply will encourage more demand and the price of litecoin have more tendency to increase.

But know that the big event that is coming is bitcoin halving which will have huge positive effect on bitcoin and altcoins.

ananyabushra

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Ltc halving is knocking at the doorstep.
During this event, the block reward for mining will be cut in half, from 12.5 to 6.25 LTC. Some people are wondering if the halving is as significant as it's made out to be. It happens every 4 years and is meant to maintain Litecoin's value and attract more investors.

There are differing opinions on its impact. Some believe that the reduced supply will make Litecoin more valuable and lead to a price increase, while others think that the high demand for Litecoin might minimize the halving's effect. In the past, Litecoin experienced substantial price rallies before previous halvings. What are your thoughts on how the halving will affect Litecoin this year?"

Topic: Is the upcoming LTC halving a market mirage? (Read 109 times)