As Litecoin approaches its third halving, analysis shows this to be it’s most pivotal to date.
Litecoin halving
A recent tweet thread from Alex of crypto proprietary trading firm Scimitar Capital posed the question of “whether Litecoin even needs to exist anymore.”
At the crux of the thread was a price chart that superimposed previous halvings based on days before and after the event against the percentage price increase on the y-axis.
Alex noted that, of the earlier halvings, the period -100 days before saw the start of the expected price uptrend — with -50 days seeing a price peak.
Source: @thiccythot_ on Twitter.com
At the current block production rate, the upcoming halving will occur in 79 days — or August 3. After this date, the block reward will be cut from 12.5 LTC to 6.25 LTC.
Alex pointed out that the price of Litecoin has yet to react as it did in previous halvings. However, he acknowledged that drawing conclusions from just two data points may not be a reliable me
We współpracy z: https://cryptoslate.com/its-do-or-die-for-litecoin-as-halving-approaches/
