Litecoin Halving in 8.5 Hours | Bitcointalksearch.org

torrantz

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Quote from: mrquackquack on August 04, 2019, 09:53:18 PM

There will be a Litecoin Block reward halving in about 8.5 hours from the current reward of 25 Litecoins per block down to 12.5 coins per block. What do you think will this have an effect on the current market and Litecoin's current price and why?

The effect should be in the long term and i will not pick a big expectation to see the price of LTC will increase sharply after the halving. But im still having the opposite opinions too if the price of litecoin will decrease and i just take the old chart after the last block halving as my data to create a prediction to the price of litecoin.
We wills ee what will be happening in a few weeks later.

tbct_mt2

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Quote from: meanwords on August 04, 2019, 10:18:59 PM

Some analyst say that halving won't really affect the price much but the effect of halving will reduce the miners and adjust the difficulty resulting into small-time miners to mine again. The only reason why price increase is because people believe that it will increase in the time of halving so people buy which in turn increases the price. But still, it depends on the supply and demand of Litecoin.

They are wrong because halving actually affected price of Litecoin months ago, when LTC price rocketed to about 0.02 BTC per one Litecoin. Recent weeks, bitcoin dominated market and all altcoins have been in massacre. Litecoin, at its today price, has also nearly double its price from bottom in late days of 2018, so yes I do see effects of halving on Litecoin price. Litecoin's block rewards will halve in next few hours, and price already doubled.

meanwords

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Some analyst say that halving won't really affect the price much but the effect of halving will reduce the miners and adjust the difficulty resulting into small-time miners to mine again. The only reason why price increase is because people believe that it will increase in the time of halving so people buy which in turn increases the price. But still, it depends on the supply and demand of Litecoin.

mrquackquack

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There will be a Litecoin Block reward halving in about 8.5 hours from the current reward of 25 Litecoins per block down to 12.5 coins per block. What do you think will this have an effect on the current market and Litecoin's current price and why?

Topic: Litecoin Halving in 8.5 Hours (Read 82 times)