It is not a secret that in a couple months (according to this site, in 63 days, to be exact) there'll be a halving event. I won't delve into what it is (let's assume you already know). Rather, I want to share my thoughts on what to expect from Litecoin in terms of its future price action
Presently, this cryptocurrency is more or less following the general price dynamic of the whole cryptomarket. Maybe, it is a little more resistant to abrupt Bitcoin corrections (which all altcoins take note of), i.e. it doesn't fall as much as other altcoins (while rises a bit stronger on Bitcoin rebounds) but technically, there's nothing out of the ordinary to speak of. In other words, there's no hint at what to expect from the halving (let's call it writing on the wall in reverse) and which would give us an idea about future growth in the name of Litecoin
And that's the whole thing worth debating here. One morning we will wake up to see that Litecoin's price doubled or tripled overnight despite whatever dynamic we could have seen just a day before (whether it was an uptrend or downtrend). Moreover, we could plausibly expect the price of Litecoin to go down somewhat just before this explosive growth starts (and stagnate for some time prior to the real action). When exactly it is going to happen is an open question, but personally, I expect the explosion before the halving
Feel free to share your take of Litecoin's future price action in the context of the coming halving below (as well as vote above if you feel interested)
Presently, this cryptocurrency is more or less following the general price dynamic of the whole cryptomarket. Maybe, it is a little more resistant to abrupt Bitcoin corrections (which all altcoins take note of), i.e. it doesn't fall as much as other altcoins (while rises a bit stronger on Bitcoin rebounds) but technically, there's nothing out of the ordinary to speak of. In other words, there's no hint at what to expect from the halving (let's call it writing on the wall in reverse) and which would give us an idea about future growth in the name of Litecoin
And that's the whole thing worth debating here. One morning we will wake up to see that Litecoin's price doubled or tripled overnight despite whatever dynamic we could have seen just a day before (whether it was an uptrend or downtrend). Moreover, we could plausibly expect the price of Litecoin to go down somewhat just before this explosive growth starts (and stagnate for some time prior to the real action). When exactly it is going to happen is an open question, but personally, I expect the explosion before the halving
Feel free to share your take of Litecoin's future price action in the context of the coming halving below (as well as vote above if you feel interested)
Litecoin halving that is just two months away will have effect on the price of litecoin. I am optimistic and I believe the price can even go up more than 50% during the litecoin halving.
