Topic: Litecoin price increase after successful halving of block reward., thoughts. (Read 380 times)
December 09, 2020, 01:41:16 PM
I guess still, even if it was a boost or impact from the halving but the increase wouldn't be able to touch the ATH value. If bitcoin does not continue to push its price higher then there is nothing the coin below it can do to move itself higher, thus it can be said that it is only a reasonable increase and not an excessive increase.
December 09, 2020, 01:28:48 PM
When the Altcoins start the upward trend. Litcoin doesn't fall behind. It makes sense to invest in this case. Litcoin is already recognized in most stock exchanges in the oldest projects.
You are right. We have seen before how all the altcoins in the bull market went up trend. So it is predictable that strong altcoins will perform well in the bull market, so traders need to be prepared in advance so that they can enter the market at the right time.
Litcoin is one of my favorite coins. This coin has given me good results in different times. So still optimistic that Litcoin will be able to give good results to investors in the crypto market in the coming days.
October 09, 2019, 12:58:00 PM
When the Altcoins start the upward trend. Litcoin doesn't fall behind. It makes sense to invest in this case. Litcoin is already recognized in most stock exchanges in the oldest projects.
October 09, 2019, 08:54:18 AM
What LTC's halving did was create FOMO more than anything else. Speculators jumped at the opportunity to create some hype.
Just like BTC, while the halving does have some tangible effects on the scarcity of BTC, that is really negligible when you compare the psychological effects that a big event like the halving has over traders who are really just looking for that spark to start panic buying.
I'm still long on LTC in general, though. Prices have corrected quite a bit from its 0.01+ BTC highs due to the halving hype, and with LTC still being one of the best coins for actual practical transactions with segwit, LN and whatnot, it should be a matter of time before it retests .01 BTC/LTC.
Just like BTC, while the halving does have some tangible effects on the scarcity of BTC, that is really negligible when you compare the psychological effects that a big event like the halving has over traders who are really just looking for that spark to start panic buying.
I'm still long on LTC in general, though. Prices have corrected quite a bit from its 0.01+ BTC highs due to the halving hype, and with LTC still being one of the best coins for actual practical transactions with segwit, LN and whatnot, it should be a matter of time before it retests .01 BTC/LTC.
October 07, 2019, 06:08:17 AM
With BTC there was only 2 halvings and both were bullish in hindsight.Everybody is assuming that history will repeat itself... but will it. Keep in mind that when too many people think of the same trade strategy it usually doesn't end up working. So May 2020 should be an interesting time.
there is a huge difference between bitcoih laving and other coins' halvings. and that is the demand factor.
all of these arguments about block reward halvings is about the "supply" being cut in half (the creation rate anyways) but the law is not supply only it is about supply and demand.
the only reason why bitcoin price has gone up after each halving is because the demand is increasing so when reward is halved the price should shoot up. but with altcoins there is not much demand so no matter what they do to the rate the price shouldn't change.
Bitcoin and Altcoin is totally different when it comes to demand thats why it aint surprising why alt halvings isnt the same with btc due to demand rate.There might be some few will support out but those are just speculators who took the risk and had thought that the price will shoot up yet they do try it with btc halving event but this one proves out that
it wont happen the same.
October 07, 2019, 05:49:11 AM
With BTC there was only 2 halvings and both were bullish in hindsight.Everybody is assuming that history will repeat itself... but will it. Keep in mind that when too many people think of the same trade strategy it usually doesn't end up working. So May 2020 should be an interesting time.
there is a huge difference between bitcoih laving and other coins' halvings. and that is the demand factor.
all of these arguments about block reward halvings is about the "supply" being cut in half (the creation rate anyways) but the law is not supply only it is about supply and demand.
the only reason why bitcoin price has gone up after each halving is because the demand is increasing so when reward is halved the price should shoot up. but with altcoins there is not much demand so no matter what they do to the rate the price shouldn't change.
October 07, 2019, 04:56:07 AM
I would say that halving was the major reasons behind the price action. Also, if you see the history of price a month before halving the price was around $120 and during the halving there was some unusual thing observed that is: blank blocks were mined and still the transaction fee was increasing you can refer the comment for the same: https://bitcointalksearch.org/topic/m.52015979. After the halving price is declining slowly.
Block halving = short hype People will right try to sell after the news of the successful block reward. This what we have already called that as a halving.
halving is decreasing the inflation caused by the miners and this slowly giving impart for the long term.
that's called as empty block and a lot of people have already discussed it based on their analyzations but better for you to visit this link
https://www.reddit.com/r/litecoin/comments/6j2sz0/litecoin_empty_blocks/
I my previous post I had shared a link and if you check that thread I had asked a query that, why the fee increases when there are empty blocks being mined. I got my answer after reading the link you shared.
Thanks for sharing the link.
October 07, 2019, 12:57:04 AM
But not now, litecoin price has gone to around $50++. I think litecoin halving were not affecting the price too much.
The miners who mine litecoin need to calculate their profit because the reward has been halved and the price still low.
The miners who mine litecoin need to calculate their profit because the reward has been halved and the price still low.
Let us see how it goes,,, I think there is a chance it can even go below $50, in which case I will probably adjust my BTC ratio to include more LTC, just temporarily. I have a feeling the altcoin boom when it comes, it will once more be led by these established alts including Litecoin. Imagine, if price goes back to ATH from $45!
October 06, 2019, 11:55:59 PM
The result of this halving might foreshadow what might happen with the BTC halving next year. Basically after the fact this was nothing more of a "buy the rumor, sell the news". Everybody assumed that basic economics should play out here where there will be less supply hence higher price. Which is true however the price might of already been too high before the halving. Many bulls got trapped into positions and it lead to massive liquidations recently. This is similar to what happens during the main-net launches of certain coins, the price rallies up to the launch and then it usually almost fades.
With BTC there was only 2 halvings and both were bullish in hindsight.Everybody is assuming that history will repeat itself... but will it. Keep in mind that when too many people think of the same trade strategy it usually doesn't end up working. So May 2020 should be an interesting time.
With BTC there was only 2 halvings and both were bullish in hindsight.Everybody is assuming that history will repeat itself... but will it. Keep in mind that when too many people think of the same trade strategy it usually doesn't end up working. So May 2020 should be an interesting time.
October 06, 2019, 11:45:10 PM
But not now, litecoin price has gone to around $50++. I think litecoin halving were not affecting the price too much.
The miners who mine litecoin need to calculate their profit because the reward has been halved and the price still low.
It does effect after the Halving and you should have read the OP and the Date so you don’t need to answer something like this because this was very late by 2 months nowThe miners who mine litecoin need to calculate their profit because the reward has been halved and the price still low.
I thought the price of LTC was going up after the update. But I didn't know the climb would be so high. Soon LTC will please us even more with its price. Many institutions have already switched to this project. Since there are very few promising projects now. LTC shows good and dynamic growth. I think he can compete with Libra for investors ' attention.
the price just went up from $90~$95 to $105 and you said that was so high? that is nothing but bull trap. And look at it today, it just declined to $85 and you said it's dynamic growth?
Quote
and how it has something to do with Libra?
first of all, Libra is Stablecoin while Litecoin is an alternative coin, we can not compare it. Because both of them have a different vision.
That’s it and why always libra coins being mentioned in every movement?is this really a mass advertising strategy of Zuckerberg so popularity of his coin will always on top until releases? first of all, Libra is Stablecoin while Litecoin is an alternative coin, we can not compare it. Because both of them have a different vision.
legendary
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October 06, 2019, 07:08:23 PM
I would say that halving was the major reasons behind the price action. Also, if you see the history of price a month before halving the price was around $120 and during the halving there was some unusual thing observed that is: blank blocks were mined and still the transaction fee was increasing you can refer the comment for the same: https://bitcointalksearch.org/topic/m.52015979. After the halving price is declining slowly.
Block halving = short hype People will right try to sell after the news of the successful block reward. This what we have already called that as a halving.
halving is decreasing the inflation caused by the miners and this slowly giving impart for the long term.
that's called as empty block and a lot of people have already discussed it based on their analyzations but better for you to visit this link
https://www.reddit.com/r/litecoin/comments/6j2sz0/litecoin_empty_blocks/
October 06, 2019, 12:10:21 PM
But not now, litecoin price has gone to around $50++. I think litecoin halving were not affecting the price too much.
The miners who mine litecoin need to calculate their profit because the reward has been halved and the price still low.
I believe that it is well with some of these top coins that we have trusted to bring up something that will make the market very lively again, I did suspect that there was not going to be any improvement because of the enthusiasm of people that was not so much about Litecoin halving when the news broke, there was not much expectation of it and from then was when I knew we may not really have much effect of it. The miners who mine litecoin need to calculate their profit because the reward has been halved and the price still low.
The bear this period is really strong that majority of the factors that would have really led to the outbreak of some of these coins are not just having much effect. This was how majority of us expected that the release of the bakkt after so much anticipation would affect bitcoin, but till now, nothing to really show for it that much and I am so surprised that top coins are really struggling too much to rise again.
October 05, 2019, 05:27:21 AM
I would say that halving was the major reasons behind the price action. Also, if you see the history of price a month before halving the price was around $120 and during the halving there was some unusual thing observed that is: blank blocks were mined and still the transaction fee was increasing you can refer the comment for the same: https://bitcointalksearch.org/topic/m.52015979. After the halving price is declining slowly.
legendary
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October 04, 2019, 03:34:33 PM
I don't think it's possible to come to a final conclusion. Litecoin had a good momentum before halving. However, it could not continue to grow afterwards. Because the movements in Bitcoin affect all altcoins including Litecoin. However, in Bitcoin halving, Litecoin or others will not affect the BTC price.
There's no doubt Litecoin did record some price appreciation before the halving event but here's my argument. On a normal day, if bitcoin record some price appreciation, Litecoin is one of those altcoins that benefits and also appreciate in price. Now a week or some days before the halving of Litecoin, bitcoin did appreciate in price so as usual Litecoin would had benefitted irrespective of the halving event but coincidentally it was around the same week the halving of block reward was to occur so most individuals would had thought the price increase of Litecoin then, was just due to the halving event but I'm trying to say, Litecoin would had still appreciated in price during that period whether there was a halving event or not because bitcoin price was on the increase and normally Litecoin benefits from that.
So in conclusion, the halving event had little or no effect on Litecoin based on the follow up market results
October 04, 2019, 11:44:25 AM
Many community users might not be aware of this but Litecoin just successfully completed halving it's block reward at Block 168,000 to produce 12.5 LTC. Before now Litecoin was trading around $93 as the 5th largest trading cryptocurrenc based on Coinmarketcap's market capitalization statistics but currently it's trading at $102 and now the 4th largest trading coin. The question now is, do you think a major catalyst of Litecoin recent success is linked to bitcoin also experience a surge in price (since this has always been the usual from previous record) or this time, it was all due to Litecoin successful halving event?.
What's your thoughts and congratulations to litecoiners on a successful halving event, Bitcoin is up next.
What's your thoughts and congratulations to litecoiners on a successful halving event, Bitcoin is up next.
I don't think it's possible to come to a final conclusion. Litecoin had a good momentum before halving. However, it could not continue to grow afterwards. Because the movements in Bitcoin affect all altcoins including Litecoin. However, in Bitcoin halving, Litecoin or others will not affect the BTC price.
October 04, 2019, 11:34:18 AM
Many community users might not be aware of this but Litecoin just successfully completed halving it's block reward at Block 168,000 to produce 12.5 LTC. Before now Litecoin was trading around $93 as the 5th largest trading cryptocurrenc based on Coinmarketcap's market capitalization statistics but currently it's trading at $102 and now the 4th largest trading coin. The question now is, do you think a major catalyst of Litecoin recent success is linked to bitcoin also experience a surge in price (since this has always been the usual from previous record) or this time, it was all due to Litecoin successful halving event?.
What's your thoughts and congratulations to litecoiners on a successful halving event, Bitcoin is up next.
What's your thoughts and congratulations to litecoiners on a successful halving event, Bitcoin is up next.
It had been predicted and it happened. This would make another precedent for price increase on halving.
There were price increase on such halving of both bitcoin and litecoin in the past but people were suspicious this time following the long bearish market.
This would make Bitcoin an attractive investment as bitcoin is next going to halve in 2020 (most probably on May).
October 04, 2019, 10:14:33 AM
Decided to give Litecoin a one month time frame to disproven my suspicious of the price increased just been influence by price increase of bitcoin as it has done in the past but it couldn't. The halving of block reward had no effect on the Litecoin price. Some might say it's due to the bear season of the Altcoin market and a bad timing for Litecoin but my worries now is how will bitcoin halving event turnout. Will it follow the full steps of Litecoin or will it turn out t he positive after all.
I would say, the turnout would be positive meaning the price will increase but not as much as everyone is expecting. Bitcoin might not even reach the previous all time high and if it does it might not increase beyond $20,000 or go above $25,000
I am sorry you were disappointed, you even tried to have given them the opportunity this long to prove themselves, I already lost some faith in Litecoin the moment I noticed that prior to the halving, the coin did not appreciate in value, if the halving was going to have any effect on it, prior to the halving, we ought to have been seeing some improvement in the price of Litecoin because of people that would believe in the halving making it grow.I would say, the turnout would be positive meaning the price will increase but not as much as everyone is expecting. Bitcoin might not even reach the previous all time high and if it does it might not increase beyond $20,000 or go above $25,000
But it seems like not even one single soul investor invested in the Litecoin again, and it looks like so many people, both new and the old investors have already lost some faith in the existence of Litecoin and this might gradually be the end of it as I don’t see much people ever putting their money into Litecoin market again.
October 03, 2019, 02:50:50 PM
Decided to give Litecoin a one month time frame to disproven my suspicious of the price increased just been influence by price increase of bitcoin as it has done in the past but it couldn't. The halving of block reward had no effect on the Litecoin price. Some might say it's due to the bear season of the Altcoin market and a bad timing for Litecoin but my worries now is how will bitcoin halving event turnout. Will it follow the full steps of Litecoin or will it turn out t he positive after all.
I would say, the turnout would be positive meaning the price will increase but not as much as everyone is expecting. Bitcoin might not even reach the previous all time high and if it does it might not increase beyond $20,000 or go above $25,000
I would say, the turnout would be positive meaning the price will increase but not as much as everyone is expecting. Bitcoin might not even reach the previous all time high and if it does it might not increase beyond $20,000 or go above $25,000
It seems to me what happened with Litecoin was the anticipated halving event was frontrun by traders and thus the price of LTC peaked several weeks before the halving, and BTC descending in price for the weeks since then hasn't helped either. I suspect something like this might also happen with Bitcoin, though I'm not going to trade this prediction and I'll be accumulating crypto with fiat in the meantime. I could definitely see a rebound up to a new high above the old descending triangle in the mid to long-term if BTC doesn't continue sliding as well.
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October 03, 2019, 04:28:27 AM
Decided to give Litecoin a one month time frame to disproven my suspicious of the price increased just been influence by price increase of bitcoin as it has done in the past but it couldn't. The halving of block reward had no effect on the Litecoin price. Some might say it's due to the bear season of the Altcoin market and a bad timing for Litecoin but my worries now is how will bitcoin halving event turnout. Will it follow the full steps of Litecoin or will it turn out t he positive after all.
I would say, the turnout would be positive meaning the price will increase but not as much as everyone is expecting. Bitcoin might not even reach the previous all time high and if it does it might not increase beyond $20,000 or go above $25,000
I would say, the turnout would be positive meaning the price will increase but not as much as everyone is expecting. Bitcoin might not even reach the previous all time high and if it does it might not increase beyond $20,000 or go above $25,000
August 11, 2019, 06:16:08 PM
Many people have noticed Litecoin halving from several moments ago and this has become special hype.
That is why many of us also feel and expect that this halving will really help LTC to have better value on the market.
We may be able to see the prospect and possibilities of the price increase of LTC in some days currently, it is not about how to increase the price and value but also to maintain and survive again.
Today, LTC really has great increase of plus 4.82%, after dropped time several days ago.
Despite the latest growth, it has fallen back to the fifth position, which makes it to come below BCH. Although, with time, halving might be seen to have a positive impact on the growth of ETH. It is not yet time to congratulate LTC holders, but to wait for a little while before doing that. That is why many of us also feel and expect that this halving will really help LTC to have better value on the market.
We may be able to see the prospect and possibilities of the price increase of LTC in some days currently, it is not about how to increase the price and value but also to maintain and survive again.
Today, LTC really has great increase of plus 4.82%, after dropped time several days ago.
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