Only 89 days left for Litecoin Halving event! - page 3.

fullhdpixel

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Quote from: peter0425 on May 18, 2023, 03:04:30 AM

Not sure if we are or we can expect big impact for litecoin this coming halving as the last one is kinda failure and yes did not contribute to what people are expecting .

Litecoin is indeed a former ranking 3rd currency and stays there for a while , but after what had happened in change of hads? not sure if there is something best we can look at.
but for those who are holding litecoin or planning to invest?
try not to frustrate yourself once the movement goes sideways, be ready to what will bring you .

This halving might be different from the past so let's not be negative for a while but try to be positive especially if you are investing in litecoin. See other old coins like solana? They are not doing well in the past but they only shock the public one day because their price suddenly burst. The same thing can also happen to litecoin.

What do you mean by change hands? Did the original developer of litecoin sell his project to other people? But maybe this new owner can improve the coin better than its previous team. Frustration should not be experienced before we invest and much more if we already have the coin as it can't contribute anything good to us.

JayTrain

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Quote from: pakhitheboss on May 05, 2023, 12:33:47 AM

Similar to Bitcoin, Litecoin block halving event takes place every 4 years. 2023 is the year when it will happen again. The current block reward is 12.5 LTC which will be reduced to 6.25 LTC. Initial block halving happened in 2011 and the reward was 50 LTC.

The last halving which happened in 2019 did not have a big impact on the price of Litecoin. Do you think this year's halving will have any impact on the price? If yes, then how much will be the target price?

It is difficult to predict the exact impact of the upcoming Litecoin block halving on its price. Cryptocurrency prices are influenced by numerous factors and can be unpredictable. Conducting research and staying informed about market trends is recommended for making informed decisions.

adaseb

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I see that Litecoin is trying to breakout but I don’t think it’s halving is as important as bitcoins. This is going to be most likely a buy the rumor and sell the news type of event.

Usually when Litecoin rally’s what happens is that Bitcoin rallies right after. However the last few times this happened it marked the end of the pump. It seems people buy LTC and then swap to BTC and then tether up and the cycle repeats.

TastyChillySauce00

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Quote from: Ultegra134 on May 18, 2023, 04:30:43 PM

Don't forget that Litecoin is the second altcoin ever created, the first being Namecoin, which forked from Bitcoin, meaning that they're quite similar. Anyway, the halving won't make Litecoin explode, that's for sure; however, it's notable to mention that despite the current bear market, Litecoin has been performing great. Its price has been on an upward trend for quite a few months now, moving slowly and steadily. It may no longer be the third cryptocurrency on CMC, but it's definitely an honorable mention, worthwhile, and trusted, as it is almost as old as Bitcoin.

Let's back to the main concern is whether litecoin will give price impact or not and as you said that above if litecoin halving will not give nothing. This is old coin but litecoin is not even better compared with the new coin in the market.

The fact that if doge coin has got more trust from crypto users rather than litecoin here. I think that how old the coin doesn't matter a lot.

jacafbiz

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Litecoin developers really missed the opportunity to show the world what its truly capable of achieving, just look at what the ordinal team has been able to achieve on Bitcoin and its progress, it should have at least positioned itself in this direction since almost no one is using it, whether people like it or not these tokens will keep coming, Rootstock and Stack's team have tried it and people won't stop until they find a working solution that people will adopt. The halving will come and go followed by some pump and then dump but the Litecoin team needs to give more and stop hiding under the assumption that it is Silver to Bitcoin Gold

Boomber

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we still have the opportunity to invest in Litecoin and get profit, because I believe that when Litecoin halving occurs, then of course the price of Litecoin will increase very higher than the current price, therefore I will not miss my current opportunity to get a lot of profit from investing in Litecoin, because now is still the right time to invest in Litecoin before Litecoin halving occurs.

umbara ardian

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I'm starting to see more and more information coming out about this, but basically what I've learned in this market tells me it doesn't mean much just a small reaction to the news and who knows. soon it may well be profiting from early speculation on Litecoin.
But in general, Litecoin or many other altcoins in this market are still subject to bitcoin's volatility, and people will be more interested in how bitcoin will perform before going to their own news. each altcoin.

Amejoaquim

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Didn't know LTC halves. I always love hearing about LTC though. It was one of my first coins way back when I was learning about crypto.
and Honestly its only coin i actually use for payment.
Its widely accepted on the internet and fees are insignificant (compared to other often available crypto options).
Its fast and it doesnt make me anxious when sending like ETH and BTC tend to!

Oilacris

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Quote from: TimeTeller on May 18, 2023, 05:37:02 PM

Quote from: kaseygriffin on May 18, 2023, 03:55:59 PM

Litecoin futures prices, especially around the time of the halving event, are influenced by a multitude of factors. Market sentiment, investor interest, media attention, regulatory developments, macroeconomic conditions, and technological advances can all play a role in determining price trajectory. While it is possible to create excitement and speculation, leading to increased attention and potential price movement, it is not certain whether it will increase or not.

This is why we an only speculate on what may possibly happen to its market before and after the halving event.
If you want to invest on this old alt, you need to keep up with what is actually happening in terms of development.
You can also head to their site and see their updated news - https://litecoin.com/en/news.
In this way, you know what are their doing before the halving that may possibly influence their price in the market.
Because even if the halving is near and you can't read any good developments, what can it do to have significant impact on its price.

Just like on what happened on that Shanghai upgrade on ETH, is there some significant movement of price despite of the update and developments? Therefore you cant really conclude that it would really

be giving out assurance that there would really be some movements.It is really just that there are some updates which arent significant or didnt really give any huge impact on projects development.
Gas fees are still on the roof and havent solved out on what many been murmuring. For LTC, im not really that much aware about its development but its true that once halving event do happen
then it cant really be avoided not to think about bullish sentiment on which lots would be anticipating that price would really be going high
but its true that events or updates doesnt always mean about going up, some would really be just moving sideways or doesnt really have any effect at all.

TimeTeller

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Quote from: kaseygriffin on May 18, 2023, 03:55:59 PM

Litecoin futures prices, especially around the time of the halving event, are influenced by a multitude of factors. Market sentiment, investor interest, media attention, regulatory developments, macroeconomic conditions, and technological advances can all play a role in determining price trajectory. While it is possible to create excitement and speculation, leading to increased attention and potential price movement, it is not certain whether it will increase or not.

This is why we an only speculate on what may possibly happen to its market before and after the halving event.
If you want to invest on this old alt, you need to keep up with what is actually happening in terms of development.
You can also head to their site and see their updated news - https://litecoin.com/en/news.
In this way, you know what are their doing before the halving that may possibly influence their price in the market.
Because even if the halving is near and you can't read any good developments, what can it do to have significant impact on its price.

Hypnosis00

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Quote from: pakhitheboss on May 05, 2023, 12:33:47 AM

Similar to Bitcoin, Litecoin block halving event takes place every 4 years. 2023 is the year when it will happen again. The current block reward is 12.5 LTC which will be reduced to 6.25 LTC. Initial block halving happened in 2011 and the reward was 50 LTC.

The last halving which happened in 2019 did not have a big impact on the price of Litecoin. Do you think this year's halving will have any impact on the price? If yes, then how much will be the target price?

And still, the same things happen as before, it creates little to no impact on its price rather than thinking that causes a larger effect like Bitcoin halving. It is because only a few people have an interest in this project and that volume isn't big enough to drag the market demand and increase it. Even this time as it is very close to its halving date, only a few people know about it. Therefore, it was difficult to say that this would have a huge impact because people are not buying this coin.

I'd rather be expecting its price to pump during the bull season, not during its halving.

Ultegra134

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Quote from: Husires on May 17, 2023, 11:27:22 PM

I began to forget that altcoins work similarly to Bitcoin and that it has a halving. even Bitcoin Halving needed about a year to have a clear effect, and therefore we will not notice a change in the price at the present time.

~snipped~

Returning to this chart, it seems that the effect needs more than a year, but it is related to the upward movement of the bitcoin, and the bet is that the halving for one unit is sufficient to cause a change in the price that is not supported by historical evidence.

Technical developments will make a bigger difference, as they will increase demand in a short period of time and expedite the effect of the decrease in supply.

Don't forget that Litecoin is the second altcoin ever created, the first being Namecoin, which forked from Bitcoin, meaning that they're quite similar. Anyway, the halving won't make Litecoin explode, that's for sure; however, it's notable to mention that despite the current bear market, Litecoin has been performing great. Its price has been on an upward trend for quite a few months now, moving slowly and steadily. It may no longer be the third cryptocurrency on CMC, but it's definitely an honorable mention, worthwhile, and trusted, as it is almost as old as Bitcoin.

kaseygriffin

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Litecoin futures prices, especially around the time of the halving event, are influenced by a multitude of factors. Market sentiment, investor interest, media attention, regulatory developments, macroeconomic conditions, and technological advances can all play a role in determining price trajectory. While it is possible to create excitement and speculation, leading to increased attention and potential price movement, it is not certain whether it will increase or not.

peter0425

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Quote from: pakhitheboss on May 05, 2023, 12:33:47 AM

Similar to Bitcoin, Litecoin block halving event takes place every 4 years. 2023 is the year when it will happen again. The current block reward is 12.5 LTC which will be reduced to 6.25 LTC. Initial block halving happened in 2011 and the reward was 50 LTC.

The last halving which happened in 2019 did not have a big impact on the price of Litecoin. Do you think this year's halving will have any impact on the price? If yes, then how much will be the target price?

Not sure if we are or we can expect big impact for litecoin this coming halving as the last one is kinda failure and yes did not contribute to what people are expecting .

Litecoin is indeed a former ranking 3rd currency and stays there for a while , but after what had happened in change of hads? not sure if there is something best we can look at.
but for those who are holding litecoin or planning to invest?
try not to frustrate yourself once the movement goes sideways, be ready to what will bring you .

Husires

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I began to forget that altcoins work similarly to Bitcoin and that it has a halving. even Bitcoin Halving needed about a year to have a clear effect, and therefore we will not notice a change in the price at the present time.

Returning to this chart, it seems that the effect needs more than a year, but it is related to the upward movement of the bitcoin, and the bet is that the halving for one unit is sufficient to cause a change in the price that is not supported by historical evidence.

Technical developments will make a bigger difference, as they will increase demand in a short period of time and expedite the effect of the decrease in supply.

GreatArkansas

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I believe that the effect of the Bitcoin halving event will occur before the event, so for me, since it is less than 100 days, more or less 3 months. I believe it already started. As you can see the price of Litecoin become stable and difficult to see huge dumps even if the market is dumping.
But for me, it will not be just like Bitcoin but we should also consider it because most of the time that's what happens on Bitcoin.

o48o

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So far it hasn't been a good buy signal. If anything i would short litecoin when halving happens. But i might wait couple of months and buy after that if past is repeating in some form. But i think that charts seem even too obvious and if enough people are looking at it like me, price could be priced in and it could behave a little different this time. So much so that i am not shorting after all or touching it. It's pointless old altcoin after all.

yhiaali3

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Yes, most likely the halving of LTC will have an impact on the price increase.

I expect in the near term if LTC closes weekly above $100, its near target will be $130.

In the long run, I expect $200. But if there is a big rise, it will not be before the start of the market bull.

asriloni

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Quote from: terciduk123 on May 05, 2023, 04:11:05 PM

If you look at history, Litecoin halving events don't have much effect on Litecoin prices, such as Litecoin halving events in 2015 and 2019
Only Bitcoin halving events are very influential, both for Bitcoin itself and all existing altcoins.

That's the impact from the bitcoin halving. Litecoin halving does nothing that affect its price. Litecoin halving was not special thing for me to be honest. I don't know why people are still seeing it as something relevant that was contributing to the price increase that happened in the market.

We are less than a year from the next bitcoin halving. The price of litecoin may surge after bitcoin halving.

Litecoin halving will never ever have and impact to the price of litecoin itself. I don't even put target for litecoin but surpassing the old ATH after bitcoin halving may still possible for litecoin.

killerfrost

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I feel this event will also have little effect on the price of Litecoin, and will mainly depend on the volatility of bitcoin. More realistically I have not seen any significant effect of halvings with LTC, and what people will pay more attention to the BTC halving phase is still a long time away from us. such a hot topic.

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