Quote from: Amph on May 25, 2015, 03:37:38 PM

Quote from: not altcoin hitler on May 25, 2015, 03:07:38 PM

Quote from: Amph on May 25, 2015, 02:59:38 PM

the only reason this could be true is because of the upcoming block halving, but it's a transitory and momentaneous thing, don't ride too much that wave...

Litecoin halving is still approx. 3 Months away. What we are seeing has nothing to do with the halving

this is not correct or at least isn't certain, because for doge was the same, the halving was still far away(not 3 months but 1-2) and the price start to climb already, it's not like the price it is waiting the exact moment of the halving to start climb, it doesn't work in this way

The halving causes a fundamental change in the coin. It causes less downward pressure and this will cause less selling pressure over time.

Fundamentally halvings take awhile for things to change. (just half the reward for 1 block isn't that much of a difference. Half the reward for 1000 blocks is more significant)

But, this is known to happen in the future. People buy now because they know fundamentally there may be more value in the future. Price is based on future value.

Now we don't know whether this 30% rise might be an overshoot. And maybe even after the block halving counted in, the price may be too high. But Litecoin may also be undervalued.

So yes the price will start to climb before the halving.

Also some people might think these price shifts are temporary but the fundamental change is long term.

I think in the case of Dogecoin it is slightly different. Dogecoin had a ton of halvings very quickly. Dogecoin had a price that was unsustainable and just because there was a halving doesn't mean the price needs to go up.

I think the case with Litecoin is a lot more special. Litecoin has a significant market cap and it is a mature coin. And halvings don't come often.